STA Travel has been placed into liquidation following a meeting of creditors today. The travel agency, which follows in the collapse of its Swiss parent company, was placed into voluntary administration on August 21. Trading under three separate entities in Australia, STA Travel Pty. Ltd and IEP Pty Limited were today placed into liquidation. READ…
By Wayne Robinson | 25 September 2020 The Sunshine Coast printing operation trading as Express Print & Mail took a five-year lease on its new 1400sqm Kunda Park premises on 1 April, before the company that had previously owned the business and the same name, was put into liquidation with debts listed at $4m. New…
A filing made to the Securities and Exchange Commission today has confirmed holders of stock in Yingli Green Energy Holding Co Ltd will be left empty-handed some time around the end of the month. September 24, 2020 Max Hall Shareholders have heard the news they have long expected. Image: geralt/Pixabay Shareholders in the parent company…
“A lot of SMEs will be ineligible to use the new scheme and that might mean that the only option is to go into liquidation.” Clayton Utz restructuring and insolvency partner Jennifer Ball said the initial requirement to pay employee entitlements could be an “obstacle” for small firms. The current temporary director insolvency measures which…
Huge changes to bankruptcy laws mean the way Australians do business will change FOREVER … here’s what it means for YOU Small businesses on brink of collapse could be saved by newbankruptcy laws Treasurer Josh Frydenberg has unveiled biggest insolvency change in decades Draws on features of the ‘Chapter 11’ bankruptcy code used in the…
“The reforms are a critical part of our economic recovery plan and will help to boost business confidence and dynamism across the economy by allowing viable businesses to survive as our economy rebuilds,” Mr Frydenberg said. Loading The changes come as Mr Frydenberg resets fiscal policy to drop old assurances about a return to surplus…
Harlow-based Simon Moir (58) has been disqualified from acting as a director for 14 years, one year below the maximum term. From 22 September, the holiday parks boss will be banned from acting as a director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of…
The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Publish Date: Mon, 21 Sep 2020 08:51 PM IST New Delhi | Jagran Busines Desk:The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Responding to the…
The owner of a Brisbane building company that collapsed owing more than $5.5m now faces legal action over his family home in an exclusive suburb. Mansfield-based Bulkbuild Pty Ltd into voluntary administration in June and later liquidators Hall Chadwick’s Ginette Muller and Marcus Watters were appointed. The liquidators have filed an application with the Supreme…
Ministers are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of collapse. Sky News has learnt that officials are discussing an extension of the ban on statutory demands being used as the basis for winding-up…