Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

Tuchuzy founder Daria Sakic offers rare glimpse into voluntary administration – Ragtrader

This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here.

One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured.

If the answer is no, the idea is that it will drive the best return to creditors versus an immediate liquidation or sale of the business.

Only about one in every four voluntary administration regimes meet the objective and recover and I was determined to be one of them.

Giving up the business and sitting on the sidelines, even though it was a relatively short period of time was challenging, but I had to trust in the administrators …

Read the full article at: https://www.ragtrader.com.au/news/tuchuzy-founder-daria-sakic-offers-rare-glimpse-into-voluntary-administration

Category: LiquidationBy Insolvency GuardianJuly 23, 2020

Post navigation

PreviousPrevious post:European LED screen manufacturer insolvency – AV MagazineNextNext post:COVID-19 hotel security company has worked on expired licence for a month – The Age

Related Posts

SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
May 31, 2025
RPs can now invite interim finance providers to CoC meetings
May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
May 31, 2025
Corporate insolvencies reach highest level since July
May 31, 2025
IBBI Insolvency Reforms 2025 | SCC Times
May 31, 2025

Tuchuzy founder Daria Sakic offers rare glimpse into voluntary administration – Ragtrader

This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here.

One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured.

If the answer is no, the idea is that it will drive the best return to creditors versus an immediate liquidation or sale of the business.

Only about one in every four voluntary administration regimes meet the objective and recover and I was determined to be one of them.

Giving up the business and sitting on the sidelines, even though it was a relatively short period of time was challenging, but I had to trust in the administrators …

Read the full article at: http://www.ragtrader.com.au/news/tuchuzy-founder-daria-sakic-offers-rare-glimpse-into-voluntary-administration

Category: LiquidationBy Insolvency GuardianJuly 23, 2020

Post navigation

PreviousPrevious post:Don’t worry about debt, deficits and drama-filled disasters – Switzer Financial NewsNextNext post:Liquidated company’s $2.8m lawsuit for mine worker’s fall – Chronicle

Related Posts

SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
May 31, 2025
RPs can now invite interim finance providers to CoC meetings
May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
May 31, 2025
Corporate insolvencies reach highest level since July
May 31, 2025
IBBI Insolvency Reforms 2025 | SCC Times
May 31, 2025
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button