Developer Bensons Property Group saved from liquidation

melbourne-based property developer Bensons Property Group has avoided being plunged into liquidation after creditors signed off on a rescue deal, settling for half of what they are owed. Bensons, which collapsed in December with more than 1000 homes under construction worth about $1.5b, owed creditors more than $811m. Among those owned money are builders, other…

Element Five and V-Struct entities collapse after VCON liquidation

The collapse of a high-end melbourne construction group has dramatically expanded with dozens of additional employees sacked as four more companies go bust. VCON, known for its award-winning projects across Melbourne including winery Jackalope on the Mornington Peninsula and apartment block Fawkner House in South Yarra, collapsed into liquidation late last year. The Herald Sun…

Pub venture linked to Dane Swan collapses amid $4.5m debt pile

Albert Park Leisure, which until recently owned South melbourne bar Albion Rooftop, called in the liquidators earlier this month. The Herald Sun revealed in early February the Albion, located on York St, had been sold to nightclub and entertainment business District 14. Corporate records list businessman Matt Darcy, brother of media identity and ex-AFL player…

Brunel Chauffeur Drive and Limousines collapse: Sydney luxury transport company’s surprise link to Schapelle Corby, Vladimir Lisin, Matt Damon and other high profile clients

A convicted drug smuggler, Russian billionaire and world famous singer are among the high-profile clients chauffeured by a transport company before it collapsed.  Brunel Chauffeur Drive and Limousines Pty Ltd went into liquidation on July 13, owing $11.7 million to more than 100 creditors. The sydney-based company offered premium passenger transport in every state capital as…

Economic conditions put strain on Australia’s tech startups as food delivery service Providoor shuts up shop

melbourne food delivery platform Providoor has entered liquidation, joining a rapidly growing list of tech startups around the country that have gone bust.  Key points: Providoor has entered liquidation after three years in business About 50 restaurants in Melbourne and sydney will be affected by the closure Experts say the company was well-run and a victim…

Newtown Oporto goes into liquidation

Documents reveal the popular late-night haunt failed to pay employees’ superannuation, suppliers’ invoices and more. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it Newtown Oporto…