The long list of Australian businesses to collapse in the past few months has claimed another big scalp after Majestic Cinemas entered into administration. The business announced it had gone into voluntary administration on January 31 following a turbulent period. It has been affected by the COVID-19 pandemic, cost-of-living pressures as well as natural disasters…
The long list of Australian businesses to collapse in the past few months has claimed another big scalp after Majestic Cinemas entered into administration. The business announced it had gone into voluntary administration on January 31 following a turbulent period. It has been affected by the COVID-19 pandemic, cost-of-living pressures as well as natural disasters…
Rebecca Betterton February 3, 2024 at 6:58 AM Key takeaways Working with a debt relief company can carry risks and may not be the best solution for everyone struggling with debt. Alternatives to debt relief, such as budgeting, negotiating with creditors and debt consolidation, could help individuals avoid further damaging their credit. Seeking help from…
The West Australian exclusive The WA insolvency firm that has taken an unusual deviation by buying failed seafood company Catalano is backing itself to take on and run other companies pulled back from the brink. Having started out restructuring or temporarily running businesses on behalf of creditors, Avior Consulting is now calling the shots in…
AMSTERDAM Reorganizing at Corbion will involve simplifying the companys structure into two business units from three business units and reducing its workforce by about 200, which will include closing a fermentation plant in Peoria, Ill. Executives gave details Jan. 31 in Amsterdam during a capital markets update for analysts and investors. Corbion executives also gave…
ElectricBrands states that it has filed an application for insolvency under self-administration with the Darmstadt Local Court and is seeking to reorganise the company by taking this step. The court ordered provisional self-administration on 29 January 2024. The aim is to completely reorganise the company, according to a company press release. In addition, The affiliated…
AMSTERDAM Reorganizing at Corbion will involve simplifying the companys structure into two business units from three business units and reducing its workforce by about 200, which will include closing a fermentation plant in Peoria, Ill. Executives gave details Jan. 31 in Amsterdam during a capital markets update for analysts and investors. Corbion executives also gave…
TURNKEY a leading provider of software solutions to the insolvency industry, is thrilled to announce the appointment of Craig McDonnell as the Director of Personal Insolvency and Creditor Services. With approx. 90% of the Corporate Insolvency case management market in the UK, Craig joins the team, and brings with him a wealth of experience and…
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: Company insolvencies in 2023 reached their highest annual total in 30 years reflecting the difficult business environment that companies have faced over the last 12 months. The final quarter of 2023 also saw the highest quarterly number ofCreditors Voluntary Liquidations (CVLs)since this data started to…
Majestic Cinemas has gone into voluntary administration leaving the future of several beloved Mid North Coast venues up in the air. Tonight, the CEO maintains the business isnt going anywhere- and has urged communities to support their local cinemas. Read the full article at: https://www.nbnnews.com.au/2024/02/01/majestic-cinemas-announces-voluntary-administration/