Shoppers left without lay-by answers as Bubs Baby Shops collapses into voluntary administration – SmartCompany.com.au

Liquidation

Customers have taken to Facebook with questions about lay-by orders and the future of stores after baby supplies retail chain Bubs Baby Shops collapsed into voluntary administration last week, leaving 70 workers with uncertain futures. According to ASIC notices published on Tuesday, Simon Cathro and Christopher Cook of Worrells Solvency were appointed as voluntary administrators of nine company entities…

What Subcontractors and Suppliers Need to Know About Head Contractor Insolvencies – Sourceable

Liquidation

As noted in The Age, however, that was not to be. Reed Constructions, the company contracted by the Victorian Government to undertake the upgrade, famously collapsed in 2012 owing $89.2 million to unsecured creditors, including $85.6 million to subcontractors many of whom had been engaged (mostly in New South Wales) to work on major public-sector…

Insolvency professionals face threats, draw staff ire while evaluating plans for debt-laden companies – Economic Times

Bankruptcy

MUMBAI:On a Friday afternoon this month, Milind Kothari looked at his WhatsApp message with a furrowed brow. The India head of BDO, a leading professional services firm, had received a message from his turnaround and business support partner, Sundaresh Bhat, who had just taken over ABG Shipyard as interim resolution professional (IRP) on an order…

Jaypee buyers move Supreme Court against insolvency proceedings – Hindustan Times

Bankruptcy

Aggrieved flat-buyers who have invested in Jaypee Infratechs projects have challenged the insolvency proceedings against the company in the National Company Law Tribunal (NCLT) before the Supreme Court. Buyers have expressed concern that the case would leave them in a lurch and remediless to either get a house or compensation from the company. A bench…

Received a Winding Up Order In Abbotsbury

Liquidation

Received a Winding Up Order It goes without saying that in a number of industry sectors, small businesses are doing it tough in Abbotsbury When you would think that some compassion and assistance may be offered, the tax office and government bodies in Abbotsbury continue to be more aggressive by applying for company wind-up orders…