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Category Archives: Liquidation

Prefab builder Archiblox more than $5.5m in debt, preliminary report to ASIC shows – Domain News

LiquidationBy Insolvency GuardianJune 8, 2020

Melbourne-based prefab home builder Archiblox was more than $5.5 million in debt when it went into voluntary administration in February, and may have been trading insolvent for more than 18 months. These were some of the findings in a preliminary report from liquidators Vince & Associates which was handed to ASIC on May 22. The…

Two-hatted Bowral restaurant Biota Dining in liquidation – Good Food

LiquidationBy Insolvency GuardianJune 8, 2020

Bowral two-hat restaurant Biota Dining was weighed down with liabilities of $761,708 and had just $698 in the bank when it slipped into liquidation. A report from insolvency firm SV Partners paints a bleak picture for Viles Group (formerly trading as Biota Dining), with employees owed $288,368, trade creditors $207,283, the ATO $166,057 and related…

Company Liquidation Noosa

Get the right company liquidation support in Noosa

Articles, Free Consultation, LiquidationBy June 5, 2020

Are you looking for company liquidation support in Noosa? At Company Liquidation Noosa we understand that insolvency hurts. It is a stressful time that only feels worse knowing that there is no time to rest and reflect, because company directors must act as soon as possible when faced with insolvency or risk a range of…

How Corporate Insolvency and Governance Bill will help your business – Mirage News

LiquidationBy Insolvency GuardianJune 4, 2020

On Wednesday 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) introduced the new Corporate Insolvency and Governance Bill. The measures in this Bill will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate. What this means for businesses The…

Tuchuzy shuts its doors after 25 years and goes into voluntary administration – Daily Mail

LiquidationBy Insolvency GuardianJune 4, 2020

The retail apocalypse claims yet ANOTHER victim, as beloved Australian designer brand Tuchuzy shuts its doors after 25 years Tuchuzy will go into voluntary administration, it was announced on Wednesday The Bondi store operated for 25 years and sold top brands like Ksubi and Bassike It comes after Australia’s retail sector suffered its worst slump…

Insolvency Reforms Under the Corporate Insolvency and Governance Bill – JD Supra

LiquidationBy Insolvency GuardianJune 2, 2020

OVERVIEW On 20 May 2020, the Corporate Insolvency and Governance Bill (the Bill) was introduced to the House of Commons for its first reading, with the aim of completing all its stages in the Commons and progressing through the House of Lords by late June or early July. The Bill has the purpose of introducing…

Modes of closing a business – Series-I: Summary procedure of liquidation – YourStory.com

LiquidationBy Insolvency GuardianJune 2, 2020

The COVID-19 pandemic situation is challenging the economies of the world, including an impact on large and small businesses. Despite the many relaxations granted by the government of India and various state governments, the impact on businesses is deep. While some large businesses have cash reserves and resources to bide them by, the impact on…

Dairy co-operative goes into voluntary administration – Riverine Herald

LiquidationBy Insolvency GuardianJune 2, 2020

Organic Dairy Farmers of Australia has gone into voluntary administration following increased pressure from the coronavirus pandemic. The dairy co-operative was taken over by Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants on May 15. Based in Geelong, Organic Dairy Farmers of Australia is the largest producer of certified organic milk in…

Dairy co-operative goes into voluntary administration – Country News

LiquidationBy Insolvency GuardianJune 1, 2020

Organic Dairy Farmers of Australia has gone into voluntary administration following increased pressure from the coronavirus pandemic. The dairy co-operative was taken over by Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants on May 15. Based in Geelong, Organic Dairy Farmers of Australia is the largest producer of certified organic milk in…

Liquidation for Peart’s multi-million dollar land venture – Warwick Daily News

LiquidationBy Insolvency GuardianJune 1, 2020

A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…

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