Australian airline Bonza will be placed into liquidation just months after going into involuntary administration. On Tuesday, administrator Hall Chadwick announced the news following a second meeting of creditors, where it was revealed that they “had not received any offers for the sale” of Bonza. “The Administrators ran an extensive sales campaign involving numerous investors,…
Booktopia has been placed in voluntary administration, with its administrators exploring options for selling and/or recapitalising the business. The book retailer has appointed McGrathNicol Restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield as voluntary administrators, who issued a statement saying they are undertaking “an urgent assessment” of the company’s trading position. The first statutory…
Melbourne caravan maker goes bust Herald Sun Read the original article here
A company linked to a major Australian builder is on the brink of possible collapse over a $22 million unpaid tax debt. Last Friday, the Deputy Commissioner of Taxation took a building related company called ACN 152 259 839 Pty Ltd to the Federal Court calling for the business to be wound up on the…
Wangaratta Chronicle Billson’s enters voluntary administration Jul 31 2024 Updated August 1, 2024 BILLSON’S… Read the original article here
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…
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Rex Airlines enters voluntary administration, 610 jobs lost WAtoday Read the original article here
NCLAT Chennai Bench Halts Insolvency Proceedings Against Coffee Day Enterprises; Check Details Here Goodreturns Read the original article here
LATEST: 132 businesses go into liquidation in QLD Courier Mail Read the original article here