Apex Homes collapses into liquidation over $46k unpaid debt

A building company has collapsed after a long, drawn-out death, placing the fate of at least a dozen projects into jeopardy. On Wednesday, the Victorian Supreme Court ordered Apex Homes Australia Pty Ltd to go into liquidation. Judicial Registrar Gitsham forced the melbourne-based construction company to liquidate on the grounds of “insolvency” and she said…

Melbourne company collapses owing $900k

An Australian company has collapsed leaving a trail of creditors owed more than $900,000, including up to 20 customers who had paid deposits but never had the work done. melbourne (Wholesale) Roller Shutters went into liquidation in March with 41 unsecured credits left out of pocket by $908,000, according to an initial report from liquidators…

Cricket tour company insolvent for three years before collapse

Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…