Appster may have traded while insolvent and made $750,000 in concerning payments, liquidator claims – SmartCompany.com.au

Liquidation

The liquidator for collapsed app-development business Appster is rallying creditors to pursue legal action against founders Mark McDonald and Josiah Humphrey, alleging they traded while insolvent. Releasing an anticipated statutory report into the affairs of Appster on Tuesday, liquidator Paul Vartelas revealed the once-upon-a-time market darlings financial position had been worsening for several years prior…

Retail, food sectors see spike in corporate insolvency | My Business – My Business

Liquidation

We havent been imagining it retailers, along with the accommodation and food sectors, have seen a spike in corporate insolvency appointments over the last 12 months, an insolvency specialist has confirmed. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017-18 financial year, while the retail…