Category Archives: Liquidation

Scandal-plagued education provider Acquire Learning goes into administration – The Sydney Morning Herald

 The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as its executive chairman, went into voluntary administration on Friday on the verge of insolvency. Acquire Learning Group Managing Director John Wall and then executive chairman Andrew Demetriou in November…

Problem gambler seeks compensation from TAB – Stuff.co.nz

FAIRFAX NZ A problem gambler wants the TAB to acknowledge its processes failed and allowed him to lose $75,000. A problem gambler is asking the TAB to take responsibility for part of his debt after he says a lapse in their processes allowed him to lose $75,000 in six months. The 28-year-old Auckland man’s family…

Brisbane apartment builder CMF Projects goes into voluntary administration – ABC Online

Award-winning Brisbane apartment builder CMF Projects has been placed into voluntary administration. Liquidators David Clout and Patricia Talty were appointed late on Wednesday, but neither they or the company’s directors, Greg Campbell and Cameron Fidler, would comment. A statement on the company’s website informs subcontractors to collect their equipment from the sites of…

New York REIT expects liquidation to be complete by end of March 2018 – The Real Deal Magazine

New York REIT expects liquidation to be complete by end of March 2018 George Comfort & Sons will retain 1.2% interest in One Worldwide Plaza after REIT purchases majority stake By Rich Bockmann | May 11, 2017 01:20PM Wendy Silverstein and One Worldwide Plaza (Credit: Getty Images) Save the date: New York REIT expects the…

Just 99.5 million nuisance calls… and KeurBOOM! A £400K megafine – The Register

A UK firm found responsible for orchestrating 99.5 million nuisance calls has been fined a record £400,000 (US$517,550) by the Information Commissioners Office. Keurboom Communications which has been placed in liquidation in a move that means its unlikely that the fine will be paid was issued with the ICOs highest-ever nuisance call fine after more…

Sofia Airport swings to net loss in 2016 – SeeNews

snowturtle/Shutterstock.com SOFIA (Bulgaria), May 11 (SeeNws) – Sofia Airport has swung to a net loss of 13.8 million levs ($7.67 million/7.05 million euro) in 2016 from a net profit of 5.6 million levs in 2015, the company said. Sofia Airport suffered ‘impairment of receivables’ from insolvent Corpbank in the amount of 25.5 million levs last…

New York REIT Announces Results for First Quarter 7 – GuruFocus.com

NEW YORK, May 10, 2017 /PRNewswire/ — New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today its financial results for the first quarter ended March 31, 2017. Financial Results Liquidation Basis of Accounting As a result of NYRT’s shareholder approval…

Uganda: Utl Set for Liquidation, Hundreds to Lose Jobs – AllAfrica.com

By Ibrahim a Manzil Government’s desperate efforts last week to save the troubled Uganda Telecom Limited could be watered down today in a make or break meeting with creditors. The official government receiver and provisional administrator Bemanya Twebaze said the creditors “will be required to decide whether the administration should continue or the company goes…

Budget 2017: Property industry caught off guard in ‘quantum change’ to GST – The Australian Financial Review

Home buyers will soon be required to send the Australian Taxation Office a cheque for GST on their new dwelling, a surprise change that has been criticised by property and tax specialists as unworkable. The budget revealed that as of mid-2018, GST will need to be paid to the ATO on “newly constructed residential premises…

Liquidation of Retail Adventures, owner of Crazy Clark’s, Sam’s Warehouse, Go-Lo, in final stage – The Sydney Morning Herald

Liquidation of the company that operated discount retail brands Crazy Clark’s and Sam’s Warehouse is close to being finalised, with unsecured creditors expected to receive 17.44 cents in the dollar. Fairfax Media has obtained the annual report of liquidator Deloitte into Retail Adventures Pty Ltd, which entered voluntary administration on October 26, 2012. The owner of former discount…