The historic Fisher House bar and grill in Highbrook was recently placed into liquidation. Photo supplied A flurry of online bidding is under way as east Auckland locals and punters further afield vie for the assets of the liquidated iconic Fisher House Restaurant, Cafe, Catering and Conference Centre. Under instructions from the liquidators of Fisher…
The Albanese government will not bid for Regional Express but moved to shore up confidence in the struggling regional airline’s services by saying it would guarantee flight bookings during the administration process. Rex collapsed into voluntary administration last month after management infighting and concerns among major lenders that its strategy to increasingly compete against Qantas…
Good things take time: Parliamentary Joint Committee delivers report on Australia’s corporate insolvency framework Herbert Smith Freehills Read the original article here
Above: Kingman were major winners at the 2022 HP ASGA Awards With more than 100 years of sign writing history, the most awarded sign company in Australia could by liquidated within days. Administrators for WA-based signage company, Kingman Signs, are expected to recommend liquidation at the second creditors meeting scheduled to be held on 5…
Plant-based meats venture ProForm Foods in voluntary administration Startup Daily Read the original article here
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Corporate insolvencies in England and Wales climbed to their highest level since the global financial crisis in the six months to September as businesses grappled with high borrowing costs and slowing demand, according to official…
Emerging Energy Solutions plunges in liquidation owing $86 million Emerging Energy Solutions plunges in liquidation owing $86 million At least a dozen South Australian solar installers have lost tens of thousands of dollars in an alleged rebate rort, 7NEWS can reveal. The company at the centre of the scandal, Emerging Energy Solutions, has gone into…
Video: Regional airline carrier Rex has officially entered voluntary administration Regional airline carrier Rex has officially entered voluntary administration We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer An administrator has been appointed to run Rex airline as planes…
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: “Today’s insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift. “Since the pandemic, insolvency activity had been heavily…
Thinkstock The liquidator of failed ad agency McCorkell & Associates is seeking permission from creditors to be paid for his work so he can continue his investigation into the shifting of assets. Michael Hogan of Hogan Sprowles is pursuing Scott McCorkell, the founder of the North Sydney agency, in what he has told the Federal…