It’s incredibly cliched, I know, but in Australia right now, it’s true: the rich are getting richer, and the poor well, you know the rest. We’re talking credit card debt, and mortgage repayments. But those bills are becoming harder and harder to meet as the price of gas and electricity rises, and wages continue…
Audited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At December 31, 2016, the Company reported audited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $14.6 million, $3.1 million and $11.5 million, respectively. Assets in liquidation at December 31, 2016 included the $8.1 million…
Rebecca McDonald / 05 April 2017 A creditors meeting is expected to finally decide the fate of failed builder Watersun Homes, after hundreds of home builders were told they would have to find someone else to complete their works. Hundreds of home construction projects, including a number in Torquay, Clifton Springs and Werribee, ground to…
Madhusudan Sahoo is the chairman of the Insolvency and Bankruptcy Board of India (IBBI) which will facilitate faster resolution of stressed assets in the country through the implementation of the Insolvency and Bankruptcy Code. He has worn regulators hat at the Competition Commission of India (CCI) and the Securities and Exchange Board of India (Sebi).…
Dive Brief: Bankrupt electronics retailer HHGregg will proceed with liquidation of its business if it doesnt attract a buyer within the week, according to a March 29 filing with the Securities and Exchange Commission. A request for comment or further details from Retail Dive to HHGregg was not immediately returned. Tiger Capital Group, LLC and…
A precision engineering company based in Portslade has gone into liquidation, leaving all 16 members of staff redundant. C P Mechanical Designs Limited, which was first registered at an address in Goring Road, Worthing and is now based on Wellington Road in Portslade, has stopped trading after it called in insolvency and restructuring experts from…
Cloud DC, the Queensland-founded developer of a virtual application service that ran on Amazon Web Services, has entered liquidation. David Whyte and Andrew Fielding of BDO were appointed administrators on 22 February. A report from the first creditors meeting saw claimed debts totalling more than $380,000. Whyte and Fielding were then appointed as liquidators of the…
A precision engineering company based in Portslade has gone into liquidation, leaving all 16 members of staff redundant. C P Mechanical Designs Limited, which was first registered at an address in Goring Road, Worthing and is now based on Wellington Road in Portslade, has stopped trading after it called in insolvency and restructuring experts from…
Shoppers are resisting the urge to splash cash on new clothes, shoes and fashion accessories, driving a slump in Australia’s retail turnover. Total retail turnover fell 0.1 per cent in February, using seasonally adjusted figures, the Australian Bureau of Statistics revealed on Monday. Play Video Don’t Play The case for the Adani mine project Play Video Don’t Play Video…
For designers, supply chain management can be the least sexiest part of the business. However, as these three collapses prove, it is also essential. Lisa Ho: stock for miles Enough dress bags to last two years, enough shoes boxes to run a race around Surry Hills and 43 kilometres of unused fabric with a value…