Category Archives: Liquidation

Redback Technologies goes into voluntary administration in Australia – pv magazine International

Redback Technologies, an Australian inverter and battery company, is trying to secure new investment after entering voluntary administration this week. March 8, 2024 Bella Peacock From pv magazine Australia Brisbane-based Redback Technologies has entered voluntary administration and is now actively seeking new investment. McGrathNicol Restructuring has been appointed as voluntary administrator of Redback Operations Pty.…

NDIS software provider GoodHuman wound up amid unpaid wages accusations – The Australian Financial Review

Mar 9, 2024 5.00am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? National Disability Insurance Scheme software provider GoodHuman has been forced into liquidation amid a court ruling that it has nearly $3 million in debts. The Melbourne-based company, which sells…

Evergrande: The Lehman liquidators taking on the Chinese company – The Australian Financial Review

Success would mean that, when it comes to winning restructuring business from Hong Kong, A&M will be totally unassailable for years, a former colleague of the pair said. A long-established team Middleton and Wong have worked together for more than two decades, starting at KPMG in 2002 when Middleton ran a team Wong worked on.…

Kimberley Meat Company placed into voluntary administration – Beef Central

Another chapter has been added to the troubled history of northern meatworks in Australia with the Kimberley Meat Company near Broome in WA and its parent company being placed into voluntary administration. Kimberley Meat Co plant near Broome Administrators were appointed to the Kimberley Meat Company on 27 February and to its parent company Yeeda…

Addressing business distress: ADGM's robust restructuring landscape – Economy Middle East

Many companies resort to restructuring in the face of financial challenges. Its a process where an entity revamps its financial and operational framework to mitigate distress and boost business performance. In the United Arab Emirates, the restructuring and insolvency landscape has evolved substantially. And it has taken inspiration from best practices across the globe. After…

Locks changed, staff sacked in $4m collapse – news.com.au

Staff realised it was no ordinary day at work when they turned up at their Melbourne offices to find they could no longer access the building. Men in suits told them the company had gone into administration and it was now under their control. The locks had been changed. For a few days, the 20…

Redback Technologies goes into voluntary administration pv magazine Australia – pv magazine Australia

Australian inverter and battery company Redback Technologies is working to secure new investment after entering into voluntary administration this week.  March 8, 2024 Bella Peacock Brisbane-based inverter and battery company Redback Technologies has entered voluntary administration and is now actively seeking new investment. McGrathNicol Restructuring has been appointed as voluntary administrators of Redback Operations Pty…

Aussie swimwear brand goes into administration for second time – 9News

An Aussie swimwear company started by the former wife of James Packer has gone into administration for the second time. Administrators have been brought in at Tigerlily, which was originally set up by model Jodhi Meares, before changing hands multiple times. PKF’s Glenn Franklin and Jason Stone were jointly appointed on March 4, according to…

Charles Turner joins Opus as third sector restructuring expert – Consultancy.uk

Professional services firm Opus Business Advisory Group has announced the hire of Charles Turner in its restructuring and insolvency division. Speaking on the news, Opus Partner Colin Wilson noted that it was a great addition to the Opus team.   Wilson continued, Charles is a model professional with in-depth experience in his specialist sectors. His…

2023 Business Insolvencies in Canada | Davies Ward Phillips & Vineberg LLP – JDSupra – JD Supra

As we predicted in earlier issues of Davies Insolvency Now, the year 2023 reflected the anticipated increase in business insolvency activity. In this issue, we perform a comparative review of business insolvencies from 2023, examine the fluctuating volume and decreasing asset values, look at how CCAA activities surged, breakdown small business insolvencies and present a…