Isolate Manufacturer Australian Plant Proteins Enters Voluntary Administration – vegconomist – the vegan business magazine

Liquidation

Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in…

Australia's biggest bookstore Booktopia collapses into voluntary administration – 9News

Liquidation

Booktopia has entered voluntary administration after failing to secure emergency funding. In an ASX announcement today, the book retailer said it had appointed McGrathNicol partners Keith Crawford, Matthew Caddy and Damien Pasfield to oversee the company’s restructuring. “The Administrators are undertaking an urgent assessment of Booktopia’s business while options for its sale and/or recapitalisation are…

Online bookseller Booktopia enters voluntary administration; Dymocks circles – Sydney Morning Herald

Liquidation

By Jessica Yun Updated July 3, 2024 5.34pmfirst published at 10.40am Normal text sizeLarger text sizeVery large text size Booktopia has gone into voluntary administration weeks after suspending its shares on the ASX as rival Dymocks considers snapping up some of its assets. The embattled online book retailer, which has been scrambling to secure emergency…

Online retailer Booktopia goes into voluntary administration, customers waiting on unfulfilled orders – ABC News

Liquidation

In short: Australian book retailer Booktopia has gone into voluntary administration.  The company has been trading at a loss for over a year and earlier made 50 staff redundant.  What’s next? Administrators are looking at selling or restructuring the main Booktopia business and its three subsidiaries. Australian online book retailer Booktopia has gone into voluntary…

Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin

Liquidation

Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…

How the new personal bankruptcy threshold could hit SME directors – SmartCompany

Liquidation

The involuntary bankruptcy threshold will lift from $10,000 to $20,000, Attorney-General Mark Dreyfus says, giving debtors more breathing room before their creditors can launch court action. On Monday, Attorney-General Dreyfus said the federal government will introduce a suite of reforms to the bankruptcy system, bringing it up to speed with the contemporary economic landscape. In…

Holistic vs piecemeal: the state of review of Australian corporate insolvency laws – Clayton Utz

Liquidation

It has been 33 years since the “recession we had to have” in 1991. Fears that Australia would enter a technical recession during 2023 didnt eventuate. At the time of writing, our economy continues to still be resilient (relying on massive population growth through migration) despite ongoing decreasing consumer sentiment but another year of slow…

Isolate Manufacturer Australian Plant Proteins Enters Voluntary Administration – vegconomist – the vegan business magazine

Liquidation

Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in…