Category Archives: Liquidation

Australian farming business HS Fresh Food enters voluntary administration – FreshPlaza.com

Australian agribusiness HS Fresh Food, known for its fresh salads, ready-made meals, and pre-prepared vegetable products, has entered into voluntary administration, impacting around 500 jobs. The company, which operates under brands such as Houston’s Farm, Sunfresh, and Gourmet Selections, and supplies to major retailers like Coles and Woolworths, appointed FTI Consulting administrators Vaughan Strawbridge, Joanne…

The language of insolvency: why getting it wrong can harm struggling firms – The Conversation

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…

ARYZA appoints experienced insolvency practitioner – Insolvency News Online

Advertorial ARYZAs new head of corporate insolvency, Tom OConnor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom OConnoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…

Looking back and thinking forward: The insolvency landscape in 2024 and beyond – AccountantsDaily

Several of these factors contributed to the rising levels of formal insolvency appointments and distressed asset sales seen over the past year, which is likely to continue into 2024.  In this article, we look back at, and think forward to, the trends and legal developments which businesses, insolvency professionals, accountants and investors need to be…

Reforms of Small Business Insolvency in Australia and India | ANU College of Law – ANU College of Law

On the 24 September 2020, the Australian Government announced changes to Australias insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduced new processes suitable for small businesses, reducing complexity, time and costs for small businesses. Effective from 1 January 2021, these are the most significant reforms to Australias…

Alex Jones' personal assets to be sold to pay $1.5B Sandy Hook debt. Company bankruptcy is dismissed – The Associated Press

HOUSTON (AP) A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones personal assets but dismissed his companys separate bankruptcy case, leaving the immediate future of his Infowars media platform uncertain as he owes $1.5 billion for his false claims that the Sandy Hook Elementary School shooting was a hoax. Judge Christopher…

All staff sacked in monster $23m collapse – news.com.au

The debts of a collapsed group of NSW businesses have blown out to almost $23 million, while other subsidiaries have quietly gone under in recent weeks. News.com.au reported in April that a western Sydney factory had closed down and all workers had been terminated on the spot. It comes after two companies linked to the…

Designer Projects Victoria Pty Ltd: Melbourne home building company liquidated after being fined for underpaying worker – Daily Mail

By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 17:56 AEST, 24 June 2024 | Updated: 13:02 AEST, 25 June 2024 A major home building company has collapsed just 18 months after it was fined more than $40,000 for underpaying a worker… Read the full article at: https://www.dailymail.co.uk/news/money/article-13561889/Designer-Projects-Victoria-Pty-Melbourne-home-building-company-liquidated-fined-underpaying-worker.html

The Secret Brewer: Voluntary Administration Part II – The Crafty Pint

In part one of The Secret Brewer: Voluntary Administration, a brewery owner discussed a number of their concerns surrounding the impact of two years of VAs across the local beer industry. We put a number of questions raised by the article to the people running breweries that have been through the VA process in the past…

Access Print Solutions for sale after entering voluntary administration in NSW and SA – Sprinter

Above: Sule Arnautovic from Salea Advisory Access Print Solutions, Graphic Print Group (GPG) and Graphic Web in Sydney and Adelaide are now for sale after entering voluntary administration with 50 employees affected. Sule Arnautovic from Salea Advisory has been appointed voluntary administrator for the three businesses by the directors of the business. Arnautovic is a…