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A popular Melbourne eatery has been forced into voluntary administration.
An award-winning Melbourne restaurant which began as a delivery service during lockdown has gone bust.
1800 Lasagne graduated to a physical store in August 2020, winning a cult following, awards, and the patronage of Jamie Oliver in the inner-north suburb of Thornbury.
But external administrators have now been called in, and the business may be wound up, sold, or picked apart by people owed money.
“1800 Lasagne has entered into voluntary administration and we are working closely with the administration team to streamline and restructure our model to ensure we take the best steps while moving forward,” owner Joey Kellock posted online on…
A Melbourne restaurant which started as a COVID-19 lockdown favourite has fallen on hard times.
1800 Lasagne entered voluntary administration last week.
The beloved eatery in Thornbury began as the delivery service side hustle for music festival organiser Joel Kellock, but then ballooned in popularity during the pandemic in 2020.
It later laid down roots with a brick-and-mortar boasting wine, music, merchandise, and its trademark small menu and late-night service.
The business garnered a loyal local following over the years with trendy marketing and quality to back it up, becoming the state’s first hatted lasagne restaurant.
Few councils offer school uniform support, and one of the UK’s largest debt advisers has called on the government to change that
Low-income families in England struggling with the cost of school uniform should be offered grants as standard, one of the UK’s largest debt advisers has said.
In Scotland, Wales and Northern Ireland, all families on certain benefits can claim between £93 to £200 per child for back-to-school clothing.
But Money Wellness found only a fifth of councils in England offer any support and has called on the UK government to introduce a statutory school clothing grant.
The Department for Education (DfE) said it was already changing the law to…
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A Delaware bankruptcy judge on Tuesday granted final approval for California-based gene-editing technology supplier Synthego Corp.’s liquidation plan, which transfers control of the company to its secured lender following a $90…
To successfully qualify for Safe Harbour protection, directors and the company must also meet the various qualifying criteria. The most significant of which is that one or more courses of action needs to be reasonably likely to lead to a better outcome for the company (than the appointment of an administrator or liquidator to the company). The interpretation of ‘reasonably likely’ and ‘better outcome’ can be hard to determine and subject to individual opinion.
Furthermore, the Safe Harbour is only open to directors who are acting honestly and diligently and who have taken appropriate steps to ensure the company has:
paid entitlements of its employees by the time they fall due
given returns, notices, statements, applications or…
As a leading professional services firm, KPMG Australia (KPMG) is committed to meeting the requirements of all our stakeholders – not only the organisations we audit and advise, but also employees, governments, regulators and the wider community. We strive to contribute to debate that seeks to develop a strong and prosperous economy and welcome the opportunity to provide a submission in relation to the consultation on improving schemes of arrangements to better support insolvent companies.
KPMG has one of the largest restructuring services practices in Australia and around the world. We provide restructuring, turnaround and insolvency services to a wide range of clients from small and medium businesses to large institutional and…
A Receiver may be appointed by a secured creditor, or in special circumstances by the Court, to take control of the assets that are the subject of the security. The charge, or security, held by the secured creditor under which the appointment of a Receiver is made may comprise:
a non-circulating security interest (fixed charge) over particular assets of the company (e.g. land, plant and equipment); and/or
a circulating security interest (floating charge) over assets that are used and disposed of in the course of normal trading operations (e.g. debtors, cash and stock).
The powers of the Receiver are governed by the charge document and Corporations Act 2001 Cth (the Act).
If a Receiver has, under the terms of their appointment, the power…
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Relief is tackling the unspoken debt crisis in America.
Courtesy of Relief
While headlines focus on inflation, market instability, and job growth, another crisis has been quietly unfolding: student loan debt. As of April 2025, roughly 5.8 million federal student loan borrowers were 90 days or more behind on their payments. That’s nearly one-third of all borrowers who currently have a payment due. This delinquency rate is almost three times higher than it was before the pandemic and represents a silent yet deeply personal financial emergency affecting millions of households.
While experts debate interest rate hikes and economic policy, the reality is far more personal and immediate. For millions of Americans, it’s not just about…