Insolvency Guardian Media Centre
Business insolvencies expected to climb in 2025 Insurance Business America
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NAIF-backed miner waves the white flag owing $140m Townsville Bulletin
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A husband and wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors.
George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire.
The company was struggling financially by April 2023 but continued to take orders and payments from customers in the following six months before it entered liquidation.
Both directors should have known that the majority of these orders would never be fulfilled.
DWH Trading was established in March 2021 but in just over two years the company had serious cash flow issues.
At the start of April 2023,…
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CPR Manufacturing enters liquidation with 400 machinery items up for sale Sustainable Plastics
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A major Australian fashion chain has had 51 stores shut down immediately after it was ordered into liquidation by the Federal Court.
Ally Fashion is an Australian-owned fast fashion retailer that was founded in 2001, which described itself as “dedicated to creating contemporary ready-to-wear pieces for every woman”.
As a result of the store closures, 250 staff members have also lost their jobs.
The fast fashion chain had 160 stores across Australia and an online store before its collapse.
News.com.au broke the news of its demise and that the Federal Court of Australia had appointed Jeff Marsden and Duncan Clubb of BDO Australia as liquidators on 28 February.
MORE: A guide to redundancy: Pay, entitlements and advice
The company was forced…
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It was postponed on December 20 with plans to reschedule for later this year.
An email sent to ticketholders on Friday said the Timeless tour was now cancelled “due to matters outside our control”.
“We have found ourselves in this gut-wrenching position after losing three of our sites on the New Zealand tour. We were sharing the infrastructure at three sites with Juicy Fest New Zealand, but when that event was cancelled it was no longer viable to run these shows.”
Organisers had not been to find dates that would work for the majority of the artists so had to cancel. The…
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It was postponed on December 20 with plans to reschedule for later this year.
An email sent to ticketholders on Friday said the Timeless tour was now cancelled “due to matters outside our control”.
“We have found ourselves in this gut-wrenching position after losing three of our sites on the New Zealand tour. We were sharing the infrastructure at three sites with Juicy Fest New Zealand, but when that event was cancelled it was no longer viable to run these shows.”
Organisers had not been to find dates that would work for the majority of the artists so had to cancel. The…
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Photo: Unsplash / Joey Thompson
The company behind Juicy Fest has been placed into voluntary liquidation.
1News reported Juicy Festival Limited, Timeless Events New Zealand and Timeless Events Australia Limited were placed into liquidation at 5pm, with Blacklock Rose’s Ben Francis and Garry Whimp appointed as liquidators.
Juicy Fest had cancelled the New Zealand leg of the tour in December after being declined a liquor licence in Auckland.
In an email, Juicy Festival Limited said the cancellation had caused “significant and unexpected costs”.
“As you know in 2025, we had to cancel the Juicy Fest New Zealand events as a result of our liquor licence being declined in Auckland.
“We tried to combat the situation by securing a…
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Board of Great Eastern Shipping Company approves liquidation of Great Eastern Services Business Standard
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Companies behind Juicy Fest, Timeless Summer Tour in liquidation Stuff
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MILWAUKEE – Wisconsin Better Business Bureau (BBB) says with the news that retailer JOANN Fabrics declared bankruptcy and announced the closure of all physical store locations, scammers are wasting no time setting up fake going out of business and liquidation websites.
How the scam works
What we know:
A news release from BBB says you see an online ad on social media for a JOANN “going-out-of-business” sale. You click on the ad, which takes you to a website that looks quite identical to the real JOANN website with the company’s real logo and images. There, you see that their merchandise is extremely discounted to 80-90% off. The products being sold are products that you are familiar with purchasing at JOANN, so the…
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The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition filed by IDBI Trusteeship Services Private Limited against ATS Infrabuild Private Limited for a default of Rs. 5 crore. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016.
Background of the Case
IDBI Trusteeship, acting as the debenture trustee for ASK Wealth Advisors Private Limited, initiated the Corporate Insolvency Resolution Process (CIRP) against ATS Infrabuild, a real estate developer. The dispute arose over the non-payment of dues related to 50 non-convertible debentures (NCDs) worth Rs. 5 crore issued by ATS Infrabuild for the development of a real estate project named ‘Casa…