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Coolamon Sport and Recreation Club pledged $16000 by community intent on keeping it afloat – Daily Advertiser

The Coolamon community has rallied behind its embattled sport and recreation club, pitching in $16,000 to keep it afloat.

On Tuesday The Daily Advertiser revealed the club was on the edge of falling into voluntary administration, after board members were told more than $360,000 was owed to creditors and police were investigating missing funds from the clubs Keno facilities.

Club president Trevor Jose said one of the biggest worries was a $63,000 bill from the Australian Tax Office, which could close the club down at any time.

At a community meeting, Mr Jose explained there were three paths ahead of the club: do nothing, go into voluntary administration, or get the community to pitch in.

Voluntary administration would ultimately mean an extra…

Read the full article at: http://www.dailyadvertiser.com.au/story/4282364/community-pitches-in-to-bail-out-club/?cs=148

Category: LiquidationBy Insolvency Advisory AccountantsNovember 9, 2016

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Coolamon Sport and Recreation Club pledged $16000 by community intent on keeping it afloat – Daily Advertiser

The Coolamon community has rallied behind its embattled sport and recreation club, pitching in $16,000 to keep it afloat.

On Tuesday The Daily Advertiser revealed the club was on the edge of falling into voluntary administration, after board members were told more than $360,000 was owed to creditors and police were investigating missing funds from the clubs Keno facilities.

Club president Trevor Jose said one of the biggest worries was a $63,000 bill from the Australian Tax Office, which could close the club down at any time.

At a community meeting, Mr Jose explained there were three paths ahead of the club: do nothing, go into voluntary administration, or get the community to pitch in.

Voluntary administration would ultimately mean an extra…

Read the full article at: http://www.dailyadvertiser.com.au/story/4282364/community-pitches-in-to-bail-out-club/?cs=4085

Category: LiquidationBy Insolvency Advisory AccountantsNovember 9, 2016

Post navigation

PreviousPrevious post:SoLocal Group: Additional Information Concerning the Draft Revised Financial Restructuring Plan – Business Wire (press release)NextNext post:New Jersey takes over debt-ridden Atlantic City government – Daily Mail

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July 17, 2026
Gold Coast Insolvency Firm Reviews FY2026 Activity, Calls for Early FY2027 Action – News Hub
July 15, 2026
Sydney firm faces liquidation over missing $17 million, fake bonds
July 15, 2026
Estate sales and business liquidation company opens in Georgetown | Georgetown
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Oak Capital liquidation: Melbourne lender’s High Court and Supreme Court cases paused
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Geedup Co: Cult Australian streetwear brand enters liquidation
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