Herringbone Australia owes two secured creditors $22.7 million and has an unsecured creditor toll of $1 million, Ragtrader can reveal. In minutes from the first meeting of creditors, it was revealed the debt owed to one secured creditor will increase and is not included in the $22.7 million. For more exclusive reporting on this, and…
Herringbone Australia owes two secured creditors $22.7 million and has an unsecured creditor toll of $1 million, Ragtrader can reveal. In minutes from the first meeting of creditors, it was revealed the debt owed to one secured creditor will increase and is not included in the $22.7 million. For more exclusive reporting on this, and…
A MEETING for creditors will be held next week after a Rockhampton business went into voluntary administration. Brisbane-based company McLeod & Partners was appointed voluntary administrator for KT Gold Pty Ltd, formerly trading as Bridge Motor Inn, on March 9. Rockhampton’s Bridge Motor Inn has a ‘closed for renovation’ sign in the window. A “closed…
Great Moscow Circus performers stranded, tour canned exit RELATED COVERAGE Thirteen international circus performers are stranded, cashless in Ballarat after the Great Moscow Circus went into liquidation this week. The circus was booked to perform at Ballarat Showgrounds for four nights, from Wednesday through to Saturday. Staff and contractors were told on Tuesday the company was…
MURRAY WILSON/ FAIRFAX NZ The Desert Rose in Palmerston North, originally a food caravan run by Ahmed Zaoui, closed in December. A restaurant that stemmed from a food truck started by controversial asylum seeker Ahmed Zaoui has left debts of more than $40,000 after folding. Desert Rose Cafe & Restaurant, on the corner of Rangitikei and Cuba streets…
MURRAY WILSON/ FAIRFAX NZ The Desert Rose in Palmerston North, originally a food caravan run by Ahmed Zaoui, closed in December. A restaurant that stemmed from a food truck started by controversial asylum seeker Ahmed Zaoui has left debts of more than $40,000 after folding. Desert Rose Cafe & Restaurant, on the corner of Rangitikei and Cuba streets…
Australian patients are being warned about taking cocktails of controversial weight loss drugs being offered by doctors linked to a failed medical clinic. Key points: Health authorities warn patients to be wary of doctors from failed clinic offering controversial pills ABC has obtained emails showing former patients are still being targeted Patients warned…
The new regime is one of a number of changes to technical and further education introduced to parliament in October 2016 via the Technical and Further Education Bill. It follows a government consultation that concluded last summer. Funding to the further education (FE) sector has fallen considerably in recent years, resulting in an increase in…
THE collapse of Watersun Homes has Echuca-Moama builders urging customers to do their research before they sign on the dotted line and hand over money. Watersun Homes, which had a display site in Moama, went belly up in late February and entered voluntary administration two weeks ago. The sudden collapse has left homebuyers in the…
Introduction Affected companies Companies without management Majority shareholders Consequences for breach Majority shareholders’ power in insolvency proceedings Interim managing director as possible alternative? Comment Introduction Recent changes to the Insolvency Code have considerably expanded the obligations of shareholders in insolvency situations. For example, a new obligation has been introduced which requires majority shareholders in so-called…