Seven childcare centres in Adelaide are in danger of shutting down after the company behind them went into voluntary administration. Precious Cargo Education called in administrators this morning, with founder and director Cheryl Shigrov saying difficulties facing the entire industry were behind the company’s struggles. “In recent years there have been some challenges that the…
Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete its insolvency process. It was the fourth time it was doing so. In this issue of DH Deciphers, Abhilash Reddy, unpacks why the matter is dragging and how it got here. How long has the…
Mumbai: Fortis Healthcare, Apollo Hospitals, Medanta and Max Healthcare are among half-a-dozen companies that have shown preliminary interest in acquiring Jaypee Healthcare, the last of the Jaiprakash Group’s priced assets to be admitted into bankruptcy. On Friday, the Allahabad bench of the National Company Law Tribunal (NCLT) gave an oral order to admit Jaypee Healthcare…
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…
Germany’s Federal Statistical Office (Destatis) on Friday said 5,209 companies filed for bankruptcy in Germany in the first three months of 2024 with the trend expected to continue. Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases this year as part of a longer-term pattern. How do the figures stack…
A string of companies linked to a heating and cooling business have collapsed in recent months, leaving customers and staff in the lurch. News.com.au can reveal that eight companies which made up Victorian-based business Pact Services Group collapsed into liquidation two months ago. Pact Services has been around as a whole for nearly 50 years,…
In short: A US judge has ordered conspiracy theorist Alex Joness personal assets be liquidated in order to pay $US1.5 billion to the families of the Sandy Hook shooting victims. Jones had claimed the 2012 school shooting that killed 20 students and six teachers was a hoax, leading to victims’ families being harassed. What’s next?…
Jun 15, 2024 A judge has appointed a trustee to liquidate the personal assets of conspiracy theorist Alex Jones. -AP A United States bankruptcy judge has ordered the court-supervised liquidation of Alex Jones’ personal assets, but has dismissed the bankruptcy of the conspiracy theorist’s company Free Speech Systems. Hold tight – were checking permissions before…
In short: Childcare group Precious Cargo has gone into voluntary administration. Founder and director Cheryl Shigrov says seven operating childcare centres are affected in South Australia. A further four non-trading entities are in liquidation. What’s next? She says the childcare centres will remain operational until a buyer is found. A Montessori childcare chain that has…
May 23, 2024 6.02pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Luxury Australian fashion brand and favourite to the stars, Dion Lee, entered voluntary administration on Thursday. Antony Resnick of insolvency firm dVT Group has been appointed administrator to the…