$4m+ owed: How mining company collapse has hurt small business – Rockhampton Morning Bulletin
$4m+ owed: How mining company collapse has hurt small business Rockhampton Morning Bulletin Read the original article here
Online retailer Booktopia goes into voluntary administration, customers waiting on unfulfilled orders
In short: Australian book retailer Booktopia has gone into voluntary administration. The company has been trading at a loss for over a year and earlier made 50 staff redundant. What’s next? Administrators are looking at selling or restructuring the main Booktopia business and its three subsidiaries. Australian online book retailer Booktopia has gone into voluntary…
Limited interest, low recoveries: Prepack insolvency scheme in slow lane | Economy & Policy News
4 min read Last Updated : May 26 2024 | 11:11 PM IST In the three years since its launch, the prepackaged insolvency resolution process has had a slow start, with limited interest from micro, small, and medium enterprises (MSMEs) and lower recoveries than the normal corporate insolvency resolution process. In 2021…
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End of story: ASX-listed online retailer Booktopia hits voluntary administration – Startup Daily
End of story: ASX-listed online retailer Booktopia hits voluntary administration Startup Daily Read the original article here
Coffee Day shares tumble 29% in 2 days: What’s brewing at CCD operator? | News on Markets
Women walk past a closed Cafe Coffee Day shop in Srinagar, Wednesday, July 31, 2019. Photo: PTI 3 min read Last Updated : Aug 13 2024 | 1:53 PM IST Coffee Day Insolvency Proceedings NCLT: Coffee Day Enterprises share price were under pressure for a second day on Tuesday. At 1:20 PM, Coffee Day shares…
Gathering of the Goddesses festival director used company funds to pay her rent, liquidator alleges
In short: The director of a festival company has been accused of trading while insolvent and using income generated from events to pay her personal rent, which she denies. Many artists, musicians and other contractors of The Gathering of the Goddesses festivals in Victoria and Tasmania say they were not paid for their work and…
No twist ending for Booktopia as it enters voluntary administration
Online book retailer Booktopia has appointed voluntary administrators after it failed to secure enough funding to avoid collapse. The Australian online business has appointed Keith Crawford, Matthew Caddy and Damien Pasfield from McGrathNicol to oversee a sale, or the selling of parts. “The Administrators are undertaking an urgent assessment of Booktopia’s business while options for…
Avon Urged to Slow Bankruptcy While Cancer Victims Get Organized – BNN Bloomberg
(Bloomberg) — Beauty brand Avon Products Inc. should slow down its bankruptcy case so that people who allegedly got cancer from the company’s products have time to study any potential payout plan, a lawyer said in court Wednesday. Victims deserve a special committee to represent them in the Chapter 11 case, said Todd Phillips, a…
Caravan builder Highline Caravans collapses into liquidation owing $1.14m
A caravan manufacturing company has collapsed with debts of more than $1 million. On Tuesday, Victorian-based Highline Caravans Pty Ltd went into voluntary liquidation. The Melbourne company designed and built custom caravans for customers. Highline Caravans has been a registered business for 11 years, since 2013, and offered 13 different models to customers including an…