As soon as you realise you arent coping with your repayments, you must take the necessary steps to protect yourself from getting into more debt, as well as any legal action a credit provider could take against you. At this point, a few options can offer some debt relief, such as contacting your credit provider…
Dominic Chappells company Retail Acquisitions Limited (RAL) has been put into liquidation, opening the door for creditors including Sir Philip Greens Arcadia Group to recoup plundered BHS funds. RAL was placed into liquidation last Thursday following a high court ruling, allowing liquidators to scour the companys financial records to establish the legitimacy of the millions…
The Turnbull government is proposing new laws to crack down on phoenix activity and corporate restructures after a blowout in the Fair Entitlements Guarantee scheme saw it shoulder $1 billion in employee entitlements for companies that went bust. The reform options, raised in a consultation paper on Thursday, flag a big push by the government to tackle illegal phoenix…
Backpacker tour operator Wicked Travel has entered liquidation owing a reported $1 million to employees, customers and other businesses. On April 29 Lawrence Fitzgerald of William Buck Chartered Accountants was appointed liquidator of three companies: Wicked Travel Pty Ltd, Indie Travel Pty Ltd and Out of Bounds Backpackers Pty Ltd. The companies operated travel and…
Abattoirs future in the balance The future of a local abattoir will be decided today, after the slaughterhouse went into voluntary administration on February 24. Photo: File image. The future of a local abattoir will be decided today, after the slaughterhouse went into voluntary administration on February 24. Photo: File image. exit The future of…
NBN contractor and infrastructure delivery company Daly International has called in administrators under the weight of millions in debt to unsecured creditors and employees. The company, which has offices in Australia and the UK, appointed Peter Dinoris of Artemis Insolvency on 13 April after more than 25 years in business, predominantly delivering projects for mobile…
CONSUMERS and operators were the biggest losers in the sale of Wicked Travel assets to Greyhound Australia last month, as announced at the creditors meeting on May 10. Director of Business Recovery at William Buck, Laurie Fitzgerald, said the meeting was predominately attended by the former company’s operators, however they have been in contact with…
SIPPING on an espresso latte while waiting for a loved one to arrive at the Gladstone Airport will no longer be as simple as placing an order at the arrivals cafe. Last week the the Cafe Espresso, located in the Gladstone Airport arrivals area, closed for good after operator Lortons, better known as Gladstone Catering…
news One of two cafe’s located at the Gladstone Airport has colsed down, meaning to get your morning coffee will require a security clearance. Paul Braven SIPPING on an espresso latte while waiting for a loved one to arrive at the Gladstone Airport will no longer be as simple as placing an order at the…
The Alice Springs sub-branch of the RSL has closed its doors indefinitely after it was unable to repay a multi-million-dollar debt. The club was placed under voluntary administration on Monday with casual staff told their final shift was last night. Alice Springs RSL vice president Shane Caden said it was a “sombre mood” for…