Another company owned by Otago businessman Malcolm Burns is in liquidation, this time owing more than $893,000. Titan Bulk Haulage Ltd, described as a road freight transport service, was placed into liquidation in the High Court at Dunedin on May 23 on the application of Inland Revenue. The official assignee was appointed as liquidator and,…
Bermuda-based R&Q Insurance Holdings is set to file for provisional liquidation as it attempts to complete the sale of a subsidiary to Canadian private equity firm Onex Corporation. The troubled insurer, which has been trying to sell programme management business Accredited since November 2023, said it considered provisional liquidation and the subsequent sale of the…
A farming business with operations across Australia has entered voluntary administration, putting some 500 jobs at risk. HS Fresh Food, which specialises in fresh salads, ready-made meals, snacks, food-to-go and pre-prepared vegetables products, collapsed on June 14, with FTI Consulting administrators Vaughan Strawbridge, Joanne Dunn and Ben Campbell brought in to restructure the troubled company.…
Darlinghurst Theatre Company has announced via social media and its website that its directors have resolved to place the company into voluntary administration as of 17 June 2024. The company was formed in 1993 by Glenn Terry. Housed in The Eternity Playhouse since 2013 and supported through Arts NSW, the Darlo has been a mainstay…
Tasmanian-headquartered food business HS Fresh Food has been placed into voluntary administration, with a sale or restructure of the business likely. HS is a major supplier of salads and fresh produce to Coles and Woolworths and the parent company behind the brands Houstons Farm, Sunfresh, Gourmet Selections and HS Fresh Farms. Advertisement Administrators from FTI…
Major food company went bust Some 500 jobs are at risk as a result By Duncan Evans For Nca Newswire Published: 11:19 AEST, 18 June 2024 | Updated: 12:50 AEST, 18 June 2024 A farming business with operations across Australia has entered voluntary administration, putting some 500 … Read the full article at: https://www.dailymail.co.uk/news/article-13540639/HS-Fresh-Food-administration.html
Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…
The Court of First Instance of Curacao has declared United Caribbean Airlines BV and JetAir Caribbean BV, collectively operating as JetAir, bankrupt. JetAir was the sole airline based in Aruba, Curaao, and Bonaire with jet aircraft, offering scheduled and charter flights connecting Curaao with Aruba, Bonaire, Jamaica, the Dominican Republic, Haiti, St. Maarten, Suriname, and…
A recent court case has demonstrated to trustees the withdrawal and transfer of superannuation benefits prior to declaring bankruptcy will not protect those assets from creditors claims even if they remain within the retirement savings system, according to an SMSF technical specialist. Heffron head of education and content Lyn Formica noted this outcome had occurred…
Key Points Bankruptcy lasts for three years but the consequences can last much longer. Bankruptcy wont release you from all your debts. Always seek the advice of a financial counsellor. Bankruptcy is a legal process that helps you regain financial control by releasing you from most of your debts. It allows you to start fresh.…