One of Australia’s most established private colleges has been placed under external administration, making it potentially the biggest institutional victim of the federal government’s international education crackdown. International House (IH), a 27-year-old college registered to teach around 10,000 overseas students, is under voluntary administration despite avoiding enrolment caps that would have limited it to less…
Solar company owes employees $1m but business trades on The Australian Read the original article here
The new Company Law, effective from 1 July 2024, has significantly impacted commercial entities, with shareholder responsibilities regarding capital contributions capturing the most attention. This article examines the duties of shareholders in companies that have entered bankruptcy liquidation or reorganisation under the new law, clarifying the boundaries of their responsibilities. Capital contribution responsibilities Kong Yiding…
Gloriavale Christian Community’s honey operation in liquidation BusinessDesk Read the original article here
Reason demolition company went bust revealed Geelong Advertiser Read the original article here
David Millar‘s cycling clothing brand CHPT3 has entered liquidation and ceased trading with immediate effect. A statement released on the company’s website confirmed the situation, saying that CHPT3 has “ceased to trade” while noting that their creditors will be contacted by insolvency practitioners Wilson Field Limited. “The Directors of CHPT3 Limited have instructed Wilson Field…
The director of a Birmingham-based fireworks retailer has been sentenced to four years in prison for multiple fraud and forgery offences. Investigations by the Insolvency Service uncovered a series of fraudulent activities linked to Raashid Khan’s business, Ikandy Wholesale. The 29-year-old forged documents to evade payment of £75,000 for fireworks and to unfreeze his business…
A crumbling South Island estate that had a starring role in a Hollywood blockbuster and was at the centre of abuse allegations has hit the market as a liquidation sale. Campbell Park Estate, in Otago, is being sold by the liquidators of a company linked to one of the directors of the failed Mainzeal company.…
Cycling clothing company CHPT3 has entered liquidation and immediately ceased trading. The firm, founded by ex-pro David Millar, recently shared a short statement via its website confirming the company’s situation. “The directors of CHPT3 Limited have instructed Wilson Field Limited to assist in the formalities of a Creditors Voluntary Liquidation,” the statement read. “The Company…
Medical Kiwi owes nearly $9m as liquidation looms The Press Read the original article here