Rex Airlines have announced they’ve gone into voluntary administration, cancelling all flights between capital cities. Virgin Australia have offered free re-booking services for affected customers. Those impacted by cancelled flights are being contacted by Rex, and will need to re-book with Virgin by 14 August. Article continues after this ad Advertisement Rex’s regional flights will…
A wave of business failures in construction, hospitality and retail has pushed up the number of monthly insolvencies to the highest in almost a decade, as rising borrowing costs, weaker consumer spending and a more aggressive Tax Office take their toll. Some 967 companies entered administration in February, up 40 per cent on the same…
By Hilary Russ · August 14, 2024, 9:26 PM EDT AllHere Education Inc., the Boston-based Harvard Innovation Labs venture that sold AI-powered chatbots to schools, filed for Chapter 7 liquidation in Delaware on Tuesday amid concerns about the privacy of students’… To view the full article, register now. Read the original article here
Victoria’s Billson’s Brewery enters voluntary administration. 9News Read the original article here
Monthly business insolvencies have risen to a level not seen since 2015, as a long-expected landslide of corporate collapses hits the Australian economy. Figures presented by the Australian Securities and Investments Commission (ASIC) this week show 967 businesses entered external administration or had a controller appointed to them in February. That is a significant jump…
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Billson’s Brewery has announced that the business has been placed into voluntary administration in a statement shared on social media today. Billson’s Brewery was established in 1865 in Beechworth, Victoria, and is currently run by Nathan Cowan and his wife Felicity Cottrill. The beverage brand is widely known as an RTD manufacturer, but also produces…
Tritium, an Australian high-speed EV-charging equipment manufacturer with a large-scale factory in Tennessee, notified regulators on Thursday that it was insolvent, casting uncertainty over whether it can continue to fulfill remaining orders for chargers or service those that its customers have already installed. In a Thursday filing with the U.S. Securities and Exchange Commission, Tritium DCFC Ltd.,…
A bitter dispute that emerged after a widely publicised PR stunt involving Roxy Jacenko has taken another turn as the company involved was plunged into liquidation. On Wednesday, the Supreme Court of NSW ordered that provisional liquidators take over Roxy’s Bootcamp Pty Ltd. Then late on Thursday, an ASIC notice revealed that Andrew Blundell and…
Following a series of efforts to stay afloat, Booktopia has officially called in the administrators after 20 years of operation. As of 3 July 2024, McGrathNicol Restructuring Partners Keith Crawford, Matthew Caddy and Damien Pasfield have been appointed Voluntary Administrators of Booktopia Group Limited and its subsidiaries. According to an announcement posted on the ASX,…