KAIJU! Beer have become the latest brewery to enter voluntary administration, with the Melbourne indie brewers appointing DBA Reconstruction and Advisory to financially restructure the overarching business, South East Brewing Company.

Cofounder Callum Reeves told The Crafty Pint the decision was made due to the level of debt they have been carrying, including an excise bill owed to the Australian Taxation Office (ATO). 

“I’m really confident about the business going forward; we’ve had a really good couple of months, it’s just we were never going to be able to work through the debt,” Callum says.

“This is going to be the best thing for all the stakeholders.”

Indeed, the last 12 months have brought many positives…

WATERTOWN, New York (WWNY) – So far there are no takers on a century-old downtown Watertown business.

Last April, owner Bobby Martini put Avon Shoes and its building up for sale as he wants to retire or scale back.

Martini says there’ve been no offers for the business and now a liquidation sale is underway.

Right now there is no firm date for closing up shop.

It’s kind of open-ended. Yeah, we’ll see. As long as we have product we’ll keep her going and I don’t have a set date for anything concrete yet.”

Martini says there’s still time for a buyer to come forward for the business, the building, or both. He said he’d be happy to continue working at the store under a new owner.

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Richard Raymond KC acting for White Island Tours Ltd at the Whakaari White Island sentencing sentencing hearing in the Environment Court, Auckland, 26 February 2024.
Photo: RNZ / Marika Khabazi

Liquidators of failed Whakaari White Island tour company White Island Tours have been able to realise only $53,839 in assets – but have outlined more than $8 million in debts.

Liquidators Gareth Hoole and Ray Cox of Ecovis KGA have issued their six-monthly report.

The company was put into liquidation on 7 June.

22 people died and 25 others were injured when the island – a popular tourist site – erupted in 2019.

The company, which took visitors to the island via boat, was fined $517,000 and ordered to pay $5 million in reparations to…

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The Truck Repair Group in Queensland has gone into voluntary liquidation leaving many local businesses and industry suppliers severely out of pocket. 

The Truck Repair Group (formerly The River Group) was sold by then director Russ Hill to Scott and Natalie Hunter back in 2020. There are five sites across the State all of which are affected by the liquidation.

The company closes with debts of $634,290 with a total estimate realisable value of just $550,300. As well as owing the Australian Tax Office over $2.5M, the company has unpaid debts with scores of industry suppliers with little hope of them recovering the money. Local business BDS Mechanical Repairs are down $8000, the Wholesale paint group are out by $60,000 but worst hit is…

• One Wakulla High School Alumus is selling tags to pay for remaining student lunch balances at Wakulla High School
• Proceeds from tag sales are helping pay off $6,000 in unpaid lunch debt at Wakulla High School.
• Watch the video to see why he’s doing it and how the community has responded

BROADCAST TRANSCRIPT:

After hearing that unpaid school lunch debt was preventing some Wakulla High School students from participating in extracurricular activities, local residents stepped in to help.

“I know if we were in a spot like some of these families are, we’d appreciate the community’s help also,” shared Danny Strickland, a Wakulla High School alumnus.

Strickland has taken a personal initiative to sell Wakulla-inspired tags and donate the…

Gareth Hoole and Ray Cox of Ecovis KGA in Newmarket assessed assets and liabilities of the company, incorporated in 2005 and which until 2019 took guided tours to the island.

The accounts are from June 7 to December 6 last year.

Hoole and Cox sold $53,000 of assets and paid $12,000 in that period, including to themselves in fees.

“The liquidators have received $53,839 from realisations of the company’s assets and have made payments of $12,682 associated with costs of the liquidation including the liquidators’ fees and…

All Australians will have their student debt cut by 20% next financial year, as part of a major federal government overhaul designed to boost access to education and address “intergenerational unfairness”.

The change, which will be outlined by the prime minister at a campaign rally in Adelaide on Sunday, will wipe about $16bn worth of debt and is being sold as a cost-of-living measure for young Australians.

According to government figures, a university graduate with an average debt of $27,600 will save $5,520. The 20% reduction is not capped and also applies to VET loans and apprenticeship support loans.

When combined with changes to how the indexation on student loans is set, as detailed in the May budget, close to $20bn of student…