Arthur Tzaneros has stepped aside as chief executive of ACFS Port Logistics as the Australian logistics company navigates voluntary administration and mounting pressure from creditors. Tzaneros announced his resignation after apologising for comments made in a private WhatsApp group concerning a serious sexual assault case currently before the courts. “On Friday, I made comments on…
REVEALED: Latest business liquidations in Mount Alexander Herald Sun Read the original article here
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Key Facts: Small Business Restructuring (SBR) appointments accounted for less than 10 per cent of all new insolvency appointments in July 2026, with overall numbers falling to levels last seen in 2023, according to the latest Alares Credit Risk Insights. Business recovery firm Jirsch Sutherland is warning directors and accountants that SBR proposals require thorough…
New Delhi: The bankruptcy regulator has called on insolvency professionals (IPs) to be watchful of at least nine “indicators”-including the initiation of resolution process involving firms with no or negligible operations and assets, and such entities with substantial loans to or from related parties-to curb any potential abuse of law. The move, experts said, would…
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Famous British department store plunges into liquidation after 21 years with 33 jobs at risk The Sun Read the original article here
The Tzaneros family’s property portfolio in Sydney’s eastern suburbs is mortgaged to Commonwealth Bank via business loans, making the lender a secured creditor as the family fights to save its logistics business from liquidation. Six of the family’s mansions, which stretch from Bellevue Hill to Vaucluse, are tied to two agreements that set out obligations…
The High Court has rejected an attempt to liquidate a financially sound company after an estranged couple failed to resolve a dispute over its management and assets. The court dismissed Joan Catherine Wangui’s petition against her partner Robert Gethenji, seeking liquidation of RAK Limited, a company they incorporated in 2012. The judge held that liquidation…