The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…
The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…
A Brisbane trucking company has collapsed into voluntary administration after 23 years of operation. ASIC records show Newnham Trucking, based near Logan in Brisbane’s south, entered voluntary administration this week after it stopped trading in June. The Courier Mail reported the company owed about $1m in debts. A creditors’ meeting has been scheduled for next…
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Creditors might get final say on Smith City’s fate The Press Read the original article here