Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Make your business immune to supply chain contagion  The Scotsman Read the original article here
Our insolvency expertise is called upon by practitioners and creditors in Australia’s largest and highest profile insolvency administrations. We are
Its owner at the time had plans for an upper-end drinks operation utilising a pre-existing water resource consent for the
Bruno Mars Jokes He'll 'Be Out of Debt in No Time' While Sharing 150 Million Streaming Milestone amid Gambling Chatter  MSN
Legal Discussions with Vengai Madzima: Liquidation Processes for Businesses in Zimbabwe  New Zimbabwe.com Read the original article here
Breadcrumb Trail LinksFinanceInvestorWeiss Multi-Strategy Advisers LLC’s collapse leaves some staff standing to lose more than US$1 million in deferred compensationAuthor
When one of China’s once-popular electric vehicle startups went bust, car owners encountered an unexpected problem: Their vehicles went “offline.”
Today, all Australian breweries and distilleries are being faced with another biannual tax increase in line with CPI inflation, the
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors  MSN Read the original article
Alex Jones' assets to be liquidated as his company exits bankruptcy  Reuters.com Read the original article here
Winding-up orders were made against Crown Agents Limited and Greenshields Cowie & Co. Limited on 1 August 2024.   The court
The struggling DIY chain Homebase has collapsed into administration, leaving thousands of workers facing an uncertain future, despite the purchase

Make your business immune to supply chain contagion  The Scotsman

Read the original article here

Our insolvency expertise is called upon by practitioners and creditors in Australia’s largest and highest profile insolvency administrations. We are the only national firm with market-leading insolvency expertise that is free to act against trading banks. This sets us apart to achieve our clients’ commercial objectives. 

We have instructed on the largest provisional liquidation in Australia, Crown Group, the largest receivership in Western Australia, Griffin Coal, the largest receivership in South Australia, Revolution Roofing and its associated businesses. We continue to be legal advisors to the liquidators to Babcock & Brown, one of the largest liquidations in Australia. In addition, we regularly advise many major corporations in…

Read the original article here

Read the original article here

Bruno Mars Jokes He’ll ‘Be Out of Debt in No Time’ While Sharing 150 Million Streaming Milestone amid Gambling Chatter  MSN

Read the original article here

Legal Discussions with Vengai Madzima: Liquidation Processes for Businesses in Zimbabwe  New Zimbabwe.com

Read the original article here

Weiss Multi-Strategy Advisers LLC’s collapse leaves some staff standing to lose more than US$1 million in deferred compensation

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The order came down from George Weiss, hedge-fund pioneer: Sell. Sell it all.

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The fund was closing, he said, near tears, to a group…

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When one of China’s once-popular electric vehicle startups went bust, car owners encountered an unexpected problem: Their vehicles went “offline.”

Richard Qian didn’t know what to expect when he heard that WM Motor, a Shanghai-based EV maker popular for its low prices, filed for bankruptcy in October 2023. He tried to drive his compact EX5 SUV as he normally would, but discovered that he could no longer log into WM Motor’s smartphone app, which remotely controlled the car lock and air conditioner. He also couldn’t see his car’s mileage and charging status on the dashboard. 

Qian was not alone. Other WM Motor owners reported that the smartphone app was unusable, and the built-in car stereo, which required…

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Today, all Australian breweries and distilleries are being faced with another biannual tax increase in line with CPI inflation, the 84th since the policy was first introduced by Paul Keating in 1983.

However, the increase comes at an increasingly difficult moment for Australia’s brewing sector, with producers of all scales feeling the impact of trading in the current economic climate. Over the past 24 months, at least 47 Australian breweries have either been through voluntary administration or have entered liquidation. In addition to this, iconic breweries such as CUB’s Matilda Bay and Lion’s Malt Shovel have been forced to shut their doors due to surmounting economic pressures.

Stephen Ferguson, CEO of the Australian Hotels…

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Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors  MSN

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Alex Jones’ assets to be liquidated as his company exits bankruptcy  Reuters.com

Read the original article here

Winding-up orders were made against Crown Agents Limited and Greenshields Cowie & Co. Limited on 1 August 2024.  

The court appointed the Official Receiver, Gareth Jonathan Allen, as liquidator of:  

On 5 August 2024, Benjamin Wiles and Robert Goodhew of Kroll Advisory Ltd, The Shard, 32 London Bridge Street, London, SE1 9SG replaced the Official Receiver as liquidator of Crown Agents Ltd. The joint liquidators will wind-down Crown Agents Limited in accordance with their statutory duties. 

The Official Receiver will wind-down Greenshields Cowie & Co Limited in accordance with his statutory duties. The Official Receiver will also inquire into the cause of the companies’ failure and conduct of the current and former…

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The struggling DIY chain Homebase has collapsed into administration, leaving thousands of workers facing an uncertain future, despite the purchase of the bulk of its stores by the owner of The Range homeware retailer.

Gavin Park, Gavin Maher and Adele Macleod from the financial advisory firm Teneo were appointed as joint administrators of Homebase’s owners, HHGL Limited and Hampden Group Limited.

The owner of The Range and Wilko, CDS Superstores, has bought 70 of Homebase’s stores, saving up to 1,600 jobs, as well as the brand and intellectual property.

The Homebase brand will continue to trade online, while the stores bought by CDS will continue to trade until they are handed over, at which point they will be rebranded as The Range…

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