A major restaurant chain with six locations has collapsed, suddenly shutting all venues. City Winery brisbane Pty Ltd on Wednesday made the decision to enter voluntary liquidation, closing all venues across Queensland’s capital city. Just five years after opening its first venue, all restaurants have now closed including its Fortitude Valley and Edward St locations,…
An Australian consumer affairs body is investigating the boss of a collapsed caravan company which owes millions of dollars to creditors but only has three vehicles to repay everyone. In August, news.com.au reported that Victorian-based Tango Caravans had plunged into liquidation, leaving 60 customers as much as $90,000 out of pocket each after being “sold…
Retail giant Officeworks says it was proud to have invested in brisbane-based social enterprise Circonomy, which entered creditors’ voluntary liquidation at the end of last week. Officeworks was a long-time partner of Circonomy and formalised this partnership by taking a 21% stake in the business in early 2022. On Tuesday, a spokesperson for Officeworks told…
Two Gloria Jean’s coffee stores in Joondalup and Warwick have gone into liquidation this month over money owed to the Australian Tax Office. The two stores are now in the hands of liquidators Mackay Goodwin since its court appointment on May 22, according to the Australian Securities & Investment Commission website. The Warwick store was…
The trucking company found responsible for a crash on the Eastern Freeway that killed four police officers will never pay the $2.31 million fine it received over the incident because it has been placed into liquidation. The company, Connect Logistics, will also never repay the $90,000 in legal costs incurred by the National Heavy Vehicle…
A zoo south of A zoo south of perth has gone into liquidation because of … Source link
The company that owned Pinjarra’s Ranger Red’s Zoo has gone into insolvency, potentially owing hundreds of thousands of dollars in debts, but its new owner says he is keeping the zoo open and even has plans to expand to a new location. Ranger Red’s Zoo and Conservation Park, known as Peel Zoo until 2019, entered…
Sports and fitness enthusiasts have the chance to snap up a bargain purchase as millions of dollars worth of recreational equipment heads to auction in three Australian cities. One of the country’s leading suppliers of sporting hardware, T&R Sports, has entered liquidation, sparking a massive auction event. Lloyds Auctions is handling the liquidation of the…
Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…
The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…