Rising numbers of firms going bust overtake financial crisis insolvency levels – MSN
Rising numbers of firms going bust overtake financial crisis insolvency levels MSN Read the original article here
Tax office moves on Dalma Form Specialist administrators in ‘$180m tax fraud’
The administrators of a formwork company involved in a suspected $180 million tax fraud have reduced an $11 million payroll tax debt to just $1 and executed a deed that effectively shuts down investigations. Revenue NSW this week launched a rearguard action in the Federal Court against Jones Partners principals Bruce Gleeson and Daniel Soire…
Gateway Liquor enters into liquidation
Gateway Liquor Wholesalers, a Sydney based distributor, has announced that it is entering into liquidation. The notice was given at a general meeting of the members of the company last Friday 1 March. The ASIC notice named Clifford John Sanderson and John Raymond Gibbons as liquidators. However, a timeline of the process is yet to…
Rising numbers of firms going bust overtake financial crisis insolvency levels
More companies went bust last year than in the 2008 financial crisis, according to new figures from the Insolvency Service. A total of 25,551 business insolvencies were recorded last year, more than the 25,186 that collapsed in the year from August 2008 to July 2009 including corporate giants like investment bank Lehman Brothers. The numbers…
Interpath Advisory welcomes two new corporate insolvency practitioners – Accountancy Today
Interpath Advisory welcomes two new corporate insolvency practitioners Accountancy Today Read the original article here
China’s economy is a mess. Why aren’t firms going under?
Evergrande is fighting for its life. On October 30th the property developer was granted its fifth, and probably final, stay of liquidation by a court in Hong Kong. Yet the situation on the mainland is a little more comfortable: the firm’s representatives have not even had to visit a courtroom. This is not unusual. Despite…
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Moolap concreter enters liquidation owing almost $620k – Geelong Advertiser
Moolap concreter enters liquidation owing almost $620k Geelong Advertiser Read the original article here
Wellington bars Rubix and SugarWoods in liquidation as local economy bites
The report said considerable expenditure was required to set the businesses up with fixtures and fittings. The company then faced issues with obtaining a liquor licence for one of its bars due to the conduct of the bar that previously operated from the same site. SugarWoods bar was situated where The Establishment bar used to…
Majestic Cinemas to enter voluntary administration
Independent cinema chain Majestic Cinemas, which operates nine sites across northern NSW and south-east Queensland, has entered voluntary administration, citing reduced box office due to the impact of COVID-19 and the US strikes on production and release schedules, as well as rising costs and natural disasters, including floods and fires, in the region. The cinemas…