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Residents evicted from Mt Providence aged care facility after company’s liquidation – Muswellbrook Chronicle

Residents at Mount Providence Village aged care facility have been told to leave following the organisation’s announcement it has gone into liquidation. The news comes just 30 months after the venture began, with COVID-19 and a shortage of public support being suggested for the facility’s lack of success. The company which owns Mt Providence, New Aged Projects No.2 Pty Ltd – still directed and owned by Dylan Walsh, has appointed SV Partners as liquidator. KordaMentha are now the receiver and manager, after they were appointed by Zagga Investments, who are the secured lender of the asset. Given two month’s notice to leave, residents claim they were left in the dark about the facility’s operations. Mr Walsh has moved to reinsure those …

Read the full article at: https://www.muswellbrookchronicle.com.au/story/6881614/elderly-evicted-from-mt-providence/?cs=1487

Category: LiquidationBy Insolvency GuardianAugust 18, 2020

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Residents evicted from Mt Providence aged care facility after company’s liquidation – Muswellbrook Chronicle

Residents at Mount Providence Village aged care facility have been told to leave following the organisation’s announcement it has gone into liquidation. The news comes just 30 months after the venture began, with COVID-19 and a shortage of public support being suggested for the facility’s lack of success. The company which owns Mt Providence, New Aged Projects No.2 Pty Ltd – still directed and owned by Dylan Walsh, has appointed SV Partners as liquidator. KordaMentha are now the receiver and manager, after they were appointed by Zagga Investments, who are the secured lender of the asset. Given two month’s notice to leave, residents claim they were left in the dark about the facility’s operations. Mr Walsh has moved to reinsure those …

Read the full article at: https://www.muswellbrookchronicle.com.au/story/6881614/elderly-evicted-from-mt-providence/

Category: LiquidationBy Insolvency GuardianAugust 17, 2020

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Residents evicted from Mt Providence aged care facility after company’s liquidation – Muswellbrook Chronicle

Residents at Mount Providence Village aged care facility have been told to leave following the organisation’s announcement it has gone into liquidation. The news comes just 30 months after the venture began, with COVID-19 and a shortage of public support being suggested for the facility’s lack of success. The company which owns Mt Providence, New Aged Projects No.2 Pty Ltd – still directed and owned by Dylan Walsh, has appointed SV Partners as liquidator. KordaMentha are now the receiver and manager, after they were appointed by Zagga Investments, who are the secured lender of the asset. Given two month’s notice to leave, residents claim they were left in the dark about the facility’s operations. Mr Walsh has moved to reinsure those …

Read the full article at: https://www.muswellbrookchronicle.com.au/story/6881614/elderly-evicted-from-mr-providence/?cs=12

Category: LiquidationBy Insolvency GuardianAugust 17, 2020

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Residents evicted from Mt Providence aged care facility after company’s liquidation – Muswellbrook Chronicle

Residents at Mount Providence Village aged care facility have been told to get out following the organisation’s announcement it has gone into liquidation. Upset tenants have had to scramble to find new accommodation, with some having only recently bought property at the location in South Muswellbrook. The news comes approximately just 30 months after the venture began, with COVID-19 and a shortage of public support being blamed for the institution’s lack of success. The company which owns Mt Providence, New Aged Projects No.2 Pty Ltd – still directed and owned by Dylan Walsh, has appointed SV Partners as liquidator. KordaMentha are now the receiver and manager, after they were appointed by Zagga Investments, who are the secured lender …

Read the full article at: https://www.muswellbrookchronicle.com.au/story/6881614/elderly-evicted-from-mr-providence/

Category: LiquidationBy Insolvency GuardianAugust 17, 2020

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