WEST Perth creditors can get back 4 per cent of what they are owed or get nothing. That is essentially the message after administrator KordaMentha released its recommendations this week into the finances of the Joondalup WAFL club, which went into voluntary administration last month with about $790,000 debt. It means if the Falcons owe…
The Government will give new powers to the Insolvency Service to crack down on reckless directors who phoenix their firms. The Department for Business, Energy & Industrial Strategy (BEIS) has unveiled a series of new measures on corporate governance and insolvency which include new powers for the Insolvency Service to investigate directors of dissolved companies where they are suspected of…
Foodora announced it would close operations in Australia on August 2, but 15 days later was placed in voluntary administration. Its believed that concerns over outstanding tax liabilities to both the NSW and federal governments led the German parent company, Delivery Hero, to pull its support for the business, hastening its demise. Delivery Hero, worth…