Provisional liquidators have been appointed to Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited The companies offered a service to facilitate the sale of distressed companies as an alternative to using insolvency practitioners Provisional liquidators have been appointed to two connected companies offering corporate rescue and restructuring services following investigations by the Insolvency Service. …
Operational creditors continue to get little of insolvency proceeds MSN Read the original article here
Defence, road and other state government infrastructure projects are now in limbo after a Queensland-based construction company was ordered into liquidation. Jon and Dan Fulton, who founded AllRoads in 2009, have had their company ordered into liquidation by the Queensland Supreme Court. The company went into administration as pipe supplier Enviropipes submitted a winding up…
The number of companies that became insolvent in July was 16% higher than during the same period last year, according to official data. In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to…
The number of Australian businesses falling into insolvency for the first time has jumped to 967 in February 2024, according to newly released data from the Australian Securities and Investments Commission (ASIC). This is the highest point it has ever hit since 2015 according to ASIC, and is a 74% lift on the prior month.…
50 homes in limbo, more than $8m debts as two builders collapse Gold Coast Bulletin Read the original article here
Deeds Brewing has announced that it is entering liquidation, having been unable to find a buyer or investor since entering into voluntary administration last month. The brewery published a statement on Facebook about the decision to enter liquidation, thanking its fans and supporters over the years. “Our hearts are broken. Since launching Deeds Brewing in…
LATEST: Liquidators appointed for Tasmania-based businesses The Mercury Read the original article here
Written by Sam Johnson (Partner), Emily Barrett (Partner), Caitlin McTaggart (Senior Associate), Madison Copland (Law Graduate) In the matter of IOUpay Limited ACN 091 192 871 (Administrators Appointed) [2023] NSWSC 568 per Williams J JWS represented Daniel Walley and Philip Carter of PricewaterhouseCoopers in their capacity as voluntary administrators (Administrators) of IOUpay Limited (Administrators Appointed)…
At a time when the solar power industry should be booming, solar installers across Australia say they are being “cheated” out of millions after trusting a third party to chase their government energy rebates. The small businesses used middleman service Emerging Energy Solutions and its affiliates to organise their green energy rebates from the federal…