Virgin Atlantic has filed for bankruptcy in the United States as it claims it will run out of cash next month without a rescue deal. The cash-strapped airline filed for Chapter 15 bankruptcy protection in New York, a move that allows a foreign company with US assets to protect itself from creditors as it works…
By Wayne Robinson | 5 August 2020 Former marketing services powerhouse Salmat will ask its general meeting at the end of the month for approval to delist, wind itself up, and appoint liquidators. Two blokes and a map: Phil Salter and Peter Mattick in 1979 The company, which enjoyed supersonic growth for 35 years, sold…
FOR every successful Gympie business there is another fallen by the way side and some have collapsed in the most spectacular ways, occasionally leaving financial wreckage in their wakes. Here are some of the most prominent and longstanding business to have fallen into liquidation over the past five years, whether through mismanagement, bad timing, or…
A TWEED Heads travel agency has likely become the latest victim of COVID-19 – falling into liquidation owing $155,000. The directors of D P & C Ryan Pty Ltd, which traded as Global Travel & Cruise and was part of the Helloworld Travel group, made the decision to undertake a creditors’ voluntary winding up of…
A TWEED Heads travel agency has likely become the latest victim of COVID-19 – falling into liquidation owing $155,000. The directors of D P & C Ryan Pty Ltd, which traded as Global Travel & Cruise and was part of the Helloworld Travel group, made the decision to undertake a creditors’ voluntary winding up of…
CLOSE Consumers are scared to go out and retailers are floundering. Is there a future for the traditional indoor shopping mall? Wochit Lord & Taylor, of one of the nation’s oldest department store chains, has started liquidating 19 of its 38 stores. The retailer filed for Chapter 11 bankruptcy protection Sunday, joining the growing list…
kikki.K has been saved from voluntary administration after securing a partnership with US-based EC Design. The global stationery brand was placed into voluntary administration in March 2020. The stationery brand will now expand its e-commerce offering and continue to operate its 30 stores across the world. The retailer entered Receivership in March, saying it was…
It’s been a tough few months for businesses, butone beloved retailerhas just announced some good news. Stationery brand kikki.K was placed into Voluntary Administration in March just as the world began to be seriously affected by COVID-19. Today they have announced apartnershipwithUS-based EC Design which means that they will continue to trade as well as…
A TWEED Heads travel agency has likely become the latest victim of COVID-19 – falling into liquidation owing $155,000. The directors of D P & C Ryan Pty Ltd, which traded as Global Travel & Cruise and was part of the Helloworld Travel group, made the decision to undertake a creditors’ voluntary winding up of…
Willie Mason has been accused of partying too hard, leading to the loss of his life savings. Picture: AAP Image/Joel Carrett Former rugby league star Willie Mason has been accused of aiding and abetting the regular hard partying that led to the failure of an investment company and, with it, the loss of his life…