A string of companies linked to a heating and cooling business have collapsed in recent months, leaving customers and staff in the lurch. News.com.au can reveal that eight companies which made up Victorian-based business Pact Services Group collapsed into liquidation two months ago. Pact Services has been around as a whole for nearly 50 years,…
Rex Airlines has grounded its fleet of Boeing 737 aircraft and entered into voluntary administration but will continue to service select regional routes using its Saab 340 fleet. The shocking decision ends two days of speculation about the future of the country’s third largest airline after Rex suspending trading on the ASX 200 on…
Advertorial ARYZA’s new head of corporate insolvency, Tom O’Connor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom O’Connoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…
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Rex Airlines enters voluntary administration Illawarra Mercury Read the original article here
By Felix ADDO, President of the Ghana Restructuring and Insolvency Advisors This is a summarized article of that published in the national insolvency journal, Corporate Insolvency and Restructuring Journal. “Restructuring” has become a household word in Ghana these days and for good reason. Most informed readers are aware of the current economic crisis facing the…
A building company that straddled two different states and territories has collapsed, leading to a “domino effect” impacting 130 projects and 80 staff members. On Friday, creditors voted to place Cubitt’s Granny Flats and Home Extensions into liquidation. The builder worked in both NSW and the ACT and been in business for 30 years. News.com.au…
Rex Airlines enters voluntary administration The Canberra Times Read the original article here
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: “The number of registered company insolvencies fell 17% year-on-year in March, however the number of company insolvencies remains higher than those seen during the pandemic and between 2014 and 2019. “Beyond the official data, we’re seeing an increase in activity across the restructuring spectrum, including…
Trips cancelled, parents owed thousands as company goes into liquidation The Canberra Times Read the original article here