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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Dashdot owed $16.5 million at time of collapse

Property buyers agency Dashdot owed more than $16.5 million at the time of its collapse, with the Australian Taxation Office, Meta, startup lender Mighty Partners, and 695 customers among its creditors. A preliminary report prepared by Dashdot liquidator Rebecca Gill, of corporate advisory firm Teneo, shines a light on the finances of a startup that…

Call to reinstate travel compensation scheme after millions lost in AVG Travels collapse

Australian travellers who collectively lost millions of dollars after their travel agency collapsed are calling on the federal government to overhaul consumer protections in the travel sector. Melbourne-based agency AVG Travels, which sold discounted international tour packages to Asia, Europe and Africa, was placed into liquidation in May. New documents lodged with ASIC show the…

Towards a fair, efficient insolvency regime

Image used for representative purpose only. | Photo Credit: Getty Images/iStockphoto The outline of India’s Insolvency and Bankruptcy Code (IBC) has long been demarcated by an innate stiffness between the inevitability to preserve distraught companies and the necessity to safeguard the interests of creditors. This contradiction is often cited as the ‘Chakravyuha Challenge’— a structural…

Dashdot encouraged customers to proceed days before collapse as liquidators examine insolvency timeline

Customers were still being encouraged to proceed with Dashdot’s property investment services just days before the buyer’s agency entered voluntary liquidation, according to emails and messages obtained by ABC News. The communications do not prove any wrongdoing occurred. But they raise fresh questions about what was happening inside the company in the weeks before its…

GameStop SEC Filing Highlights Coinbase Custody Liquidation Risk For Bitcoin Holdings — TradingView News

TL;DR GameStop’s Form 10-Q includes digital asset custody risk disclosures. The filing discusses circumstances in which a custodian may liquidate or retain custody assets under default or insolvency-related events. The issue should be framed as a risk disclosure, not as a current liquidation threat. GameStop Discloses Digital Asset Custody Risks GameStop’s latest Form 10-Q filing…