Statutory Powers of Sale | White & Case LLP

In 2023, we saw an increase in both voluntary administration and receivership appointments in Australia. In the context of Australia’s economic climate this was unsurprising — debtor companies were grappling with volatile markets, supply chain disruptions and uncertain economic conditions, and secured lenders were invoking either or both of these regimes as a means of…

ATIA urges further support for tourism sector impacted by Rex Airlines voluntary administration

76054 Related Articles 1st August 2024 – ATIA seeks Federal Government support for travel ecosystem following Rex Airlines administration 25th January 2024 – ATIA spotlights significant economic impact of domestic flight cancellations 6th August 2024 – Australian Travel Industry Association welcomes reforms to Sydney Airport slot management 5th August 2024 – Australian Travel Industry Association…

Ultimate Kitchens & Bathrooms collapses owing $4.6 million; CreditorWatch says more insolvencies to come

Australia’s toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured creditors more than $4.6…

Collier Homes in liquidation after 60 years in business

One of Western Australia’s biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…