The future of budget airline Bonza is officially over, with creditors voting to liquidate the company. At a meeting with administrators Hall Chadwick on Tuesday, the upstart airline’s creditors ended the months-long saga that kicked off in late April when the company first collapsed. “The second meeting of creditors took place today, where it was…
REX ASX: Rex Airlines enters voluntary administration” WAtoday Read the original article here
Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete its insolvency process. It was the fourth time it was doing so. In this issue of DH Deciphers, Abhilash Reddy, unpacks why the matter is dragging and how it got here. How long has the…
East Imperial PLC (GB:EISB) has released an update. East Imperial PLC, once a leading producer of super-premium beverages, has announced plans for a creditors’ voluntary liquidation, with a shareholders’ meeting scheduled for August 28, 2024, to appoint joint liquidators from Begbies Traynor (London) LLP. The meetings, where creditors will also decide on the liquidation committee…
Rex enters voluntary administration, grounds 737s St George & Sutherland Shire Leader Read the original article here
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
The holding company of a superannuation fund created seven years ago to service ‘gig economy’ and self-employed workers has entered voluntary liquidation. The GigSuper Group collapsed just over two years ago, reportedly owing creditors $2.7 million. Both the holding company, GigSuper Holdings Pty Ltd, and the subsidiary company, GigSuper Pty Ltd, entered voluntary administration in…
In short: An appointed administrator overseeing the historic brewery says he’s “optimistic” a buyer can be found for the business despite its financial woes. Thirty staff were made redundant following the announcement the brewery entered voluntary administration on Wednesday. What’s next? Administrator’s say they will keep the business operating while they seek a buyer. Administrators…
The ATO is “hell bent” on chasing down $34 billion worth of debts owed by small businesses using director penalty notices (DPNs) and legal action, insolvency professionals say. Insolvency Australia (IA) members said that recent activity showed the ATO was not only coming good on its promise to end its pandemic-era leniency but that it…
GigSuper goes into liquidation Financial Standard Read the original article here