IPO Wealth set for liquidation – ifa

Mayfair 101s IPO Wealth declared voluntary administration and appointed administrators from Cor Cordis in an attempt to prevent its trustee, Vasco, to prevent a fire sale of its assets. But the Supreme Court of Victoria has now decided that it was appropriate for Vasco to appoint receivers from insolvency firm Dye & Co a move…

Deal saves former All Black Dave Hewett’s housebuilding company from liquidation – Stuff.co.nz

KAVINDA HERATH/STUFF Dave Hewetts financial position was described in the creditor compromise offer as being exhausted. Former All Black Dave Hewett has done a deal with creditors to prevent the liquidation of his home-building business. Hewett, the sole director and shareholder of Bainbridge Homes, sought a deal with creditors after realising the company could not…

Deal saves former All Black Dave Hewett’s housebuilding company from liquidation – Stuff.co.nz

KAVINDA HERATH/STUFF Dave Hewetts financial position was described in the creditor compromise offer as being exhausted. Former All Black Dave Hewett has done a deal with creditors to prevent the liquidation of his home-building business. Hewett, the sole director and shareholder of Bainbridge Homes, sought a deal with creditors after realising the company could not…

‘Collapsing by the dozen’: 63 companies go under – Fraser Coast Chronicle

QUEENSLAND companies are collapsing by the dozen as the nation’s businesses head towards an economic cliff when COVID-19 support ends. In the final month of the financial year, 63 Queensland companies collapsed into liquidation or administration. The numbers remain below the average monthly collapses, which hovered around 100 per month prior to COVID-19. Liquidator Brendan…

TM Lewin Australia collapses into administration, as UK-based parent restructures – SmartCompany.com.au

A T.M. Lewin store in the UK. Source: Facebook Apparel retailer T.M. Lewin Australia collapsed into voluntary administration on Thursday, days after its UK parent announced a restructuring deal that will see all its stores close indefinitely. Stuart McCallum, Adam Nikitins and Colby OBrien, directors of Ernest & Youngs local restructuring arm, were appointed joint…