Importance and Role of the Voluntary Administrator – Industry Today (press release)

Liquidation

DCL Advisory is a professional insolvency consultation firm that offers Voluntary Administrator services. Voluntary Administration Voluntary Administration offers relief to an insolvent company so it can determine its future. Protections include: unsecured creditors cannot pursue claims against it without the administrators or courts approval secured creditors cannot impose charges non-perishable property owners or those who…

Fashion labels David Lawrence and Marcs in administration, getting prepared for sale – Stuff.co.nz

Liquidation

Fairfax Media The companies behind fashion brands David Lawrence and Marcs have been placed in voluntary administration. Vision courtesy ABC News 24. It’s business as usual at fashion stores David Lawrence and March, administrators say, as they get the struggling businesses ready for sale. Poor sales and market conditions led to the decision to voluntarily…

David Lawrence, Marcs in voluntary administration – The Age

Liquidation

High-profile Australian fashion labels Marcs and David Lawrence have collapsed under debts of close to $30 million, including close to $3 million in worker entitlements and a $700,000 debt to the tax office. The  appointment of voluntary administrators to two of the country’s best-known fashion brands leaves close to 1200 workers facing the the loss of their livelihoods as insolvency specialist Rodgers Reidy reviews…

N.D.B. COMPANY, INC. Announces Record Date of Liquidation Distribution, Affiliate of North Dallas Bank & Trust Co … – Yahoo Finance

Liquidation

DALLAS, TX–(Marketwired – February 01, 2017) – N.D.B. COMPANY INC.’s, an affiliate of North Dallas Bank & Trust Co. (Bank), Board of Directors has set March 31, 2017 as the record date for the distribution of the proceeds from the liquidation of N.D.B. COMPANY, INC. Distributions will be made April 7, 2017, on a pro…

Douglas Aerospace survives turbulence and is back painting Rex’s planes – Daily Advertiser

Liquidation

Douglas Aerospace is back painting planes in the hangar it was forced to vacate after defaulting on a building loan from ratepayers. RETURN FLIGHT: The company responsible for wasting $120,000 of ratepayer money after defaulting on a loan from council is back in business. Regional Express (Rex) has licensed the hangar to Douglas Aerospace for their paint activity…