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Posted: 10/02/2025 Introduction Digital assets, including cryptocurrencies and non-fungible tokens (NFTs), have seen exponential growth. With the continued adoption and
The marketing and advertising services group GrowthOps has appointed liquidators McGrathNicol to wind up the business.
The group comprises agencies including AJF Partnership, Khemistry, PENSO, GO Digital, Voodoo, FORWARD and Asia-Pacific Digital.
GrowthOps liquidators are Katherine Soxou and Damien Pasfield, according to documents filed with the Australian Securities and Investments Commission.
GrowthOps launched in 2017 under the name Trimanthium, and rebranded a to GrowthOps a couple of years later.
At the time it positioned the group as “a new kind of service provider that fuses together marketing, technology and people disciplines to help large organisations acquire and retain new customers, build and launch transformational…
The ACTU welcomes the opportunity to make a submission to this inquiry of the Parliamentary Joint Committee on Corporations and Financial Services because working Australians, their families and the wider community have a vital interest in the long-term viability and sustainability of well-governed and competently managed businesses (however they are structured) that provide secure, well-paid jobs.
When businesses fail and enter formal insolvency direct and indirect employees (labour-hire, dependent contractors) risk losing and/or having delayed access to entitlements, are exposed to financial hardship and stress precipitated by sudden job loss, involved in protracted wind-ups and then being permanently detached from the…
To qualify as a “foreign proceeding” under the Model Law the proceeding must, among others, be collective in nature and a judicial or administrative proceeding in a foreign state [Ascentra Holdings, Inc (in official liquidation) and others v SPGK Pte Ltd [2023] 2 SLR 421 at [29]]. The court found that the CIRP amounted to a collective proceeding. This was because the CIRP’s objectives are to provide a mechanism for corporate turnaround through (a) a structured process involving the formation of a Committee of Creditors and appointment of a resolution professional, (b) mandatory safeguards ensuring fair treatment of all stakeholders, and (c) a clear preference for reorganisation over…
A Co Antrim woman who lost more than £8,000 after entering the FBA Brand Builder programme says her life has been “destroyed” and is now struggling to pay off a loan she took out to enter it.
The Ballymena company, owned by entrepreneur Darren Campbell, announced it was being liquidated on Monday after more than 100 people signed up to a group legal action alleging they had lost thousands due to malpractice by the firm.
Mr Campbell and the company have strenuously denied the claims and vowed to robustly defend them in court.
Portglenone woman Nicola Graffin, 35, said she signed up to the FBA Brand Builder in August 2024. Months later after never getting to the launch stage of her business, she had borrowed £8,500 which she says she…
THE Pastoralists and Graziers Association of Western Australia is preparing to take back control of its affairs now that its creditors have accepted a Deed of Company Arrangement.
Proposed by voluntary administrators RSM Australia, the deed was accepted at the second meeting of creditors held in Perth on March 7.
RSM Australia partners Jerome Mohen and Greg Dudley were appointed as joint and several voluntary administrators of the PGA on January 30 after the PGA executive and committee identified “financial irregularities and a funding shortfall”.
The administrators are now working with the PGA executive to return control of the PGA to the committee in coming weeks, and distribute the deed fund to creditors.
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Digital assets, including cryptocurrencies and non-fungible tokens (NFTs), have seen exponential growth. With the continued adoption and expanding personal ownership of digital assets, they will increasingly become a regular part of insolvency proceedings. This is true whether they are assets to be realised in the insolvency or if an insolvent company operates a digital asset-related business, such as the high-profile crypto exchange insolvencies of FTX and Three Arrows Capital.
Digital assets in an insolvency raise various practical issues which every insolvency practitioner (IP) needs to prepared for so that they can identify, secure and realise them…
This year was brutal for several well-known companies and their bottom lines.As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks.At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an outplacement services firm.Notably, retail closures have picked up this year because the sector’s sugar high of 2021 and 2022 — when consumers were buying new furniture, televisions and clothing — has ended. There have been more than 7,100 store closures through the end of November, according…
Proposed by voluntary administrators RSM Australia, the deed was accepted at the second meeting of creditors held in Perth on March 7.