Matthew Davey. PHOTO: ODT FILES The company behind Ticket Rocket that is now in liquidation has debts of more than $8 million, according to the first receivers report into the business. BDO receiver and manager Diana Matchett reported Fortress Information Systems Limited which has three subsidiaries known as Dash Group, Dash Tickets and Dash Tickets…
WENN The Saunders and French Productions are closing their operations after filing for voluntary liquidation, nearly three decades after the firm was founded by the actress duo in 1992. U.K. comedy legends Dawn French and Jennifer Saunders are shuttering their shared TV production firm after almost three decades. The double act launched Saunders & French…
BREAKING: Perth-based Indigenous health provider Derbarl Yerrigan Health Service was placed under special administration on Friday despite protest from two Board Directors. In an announcement via Facebook, Derbarl Yerrigan Deputy Chair Laurence Riley said six members of the Board moved a resolution at a meeting on Thursday night to put the health service into voluntary…
The Illawarra name will return for the upcoming NBL season, if the Hawks reach a new membership target. Following a corporate and community backlash over the decision to dump the name and simply call the club ‘The Hawks’, the new owners and the NBL announced on Friday morning, Illawarra would be reinstated. However, it will…
The current critical situation would increase the out-of-court M&A deals for distressed assets November 5, 2020 3 min read Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. COVID-19 knocked the wind out of merger and acquisition (M&A) deals in India.It has already and shall continue…
Foreword from the Chief Executive This year the plan has been developed against the backdrop of the COVID-19 pandemic, which has impacted on the economy in an unprecedented way. The Insolvency Service has an important role to play in supporting businesses and individuals in financial difficulty or facing redundancy as a result of their employer…
ANYONE who has not yet claimed they are owed money from the $6.9 million liquidation of the former Terry White and Priceline Pharmacy at Stockland in 2017 is urged to come forward. The liquidator, AS Advisory, has declared creditors whose debts or claims have not already been admitted are required to do so by November…
South Shore Holdings Limited, owner and operator of embattled Macau hotel THE 13, will convene a mandatory Special General Meeting next month after a substantial shareholder requested a vote on winding up the company. In a Wednesday filing, South Shore revealed that it had received a letter from Global Allocation Fund, which holds 101,339,084 shares…
Our latest primer takes a closer look at the Corporate Insolvency and Governance Act (CIGA), the UK’s new ruleset that introduces new guidelines for companies in financial distress as a result of the economic crisis brought on by the Covid-19 pandemic. What is CIGA and what does it do? In June 2020, the UK Corporate…
Distressed micro and small companies will be able to restructure their debts quickly to deal with the economic impact from the pandemic, with help from a new scheme. The Simplified Insolvency Programme (SIP), which also includes processes to help companies which are no longer viable to wind up efficiently while maximising returns to creditors and…