The playing future of Wallabies stars Taniela Tupou and Andrew Kellaway are up in the air amid reports the cash-strapped Melbourne Rebels have entered voluntary administration needing a bailout of up to $500,000 to pay players and staff. Less than a month out from their season-opening clash against the Brumbies on February 23, the Rebels…
Jan 25, 2024 1.45pm The Melbourne Rebels is expected to fall into voluntary administration as early as Thursday afternoon, adding to a long list of companies chaired by businessman Paul Docherty that have collapsed in the last two months. The Australian Financial Review revealed last month that the rugby union club had outstanding tax bills…
This article attributes to the entire Australian Restructuring team. Overview There has been a growing appetite for corporate insolvency law reform in Australia in the last 18 months. In 2021, public consultations were completed on improvements to creditors schemes of arrangement and the treatment of insolvent trusts, and there was an independent review of the…
By Wayne Robinson | 22 January 2024 Industry hardware and consumables supplier Starleaton is in voluntary administration, with Simon Cathro and Andrew Blundell of Cathro & Partners, Sydney, now in charge. Starleaton in administration: Ben Eaton Creditors are invites to contact Cathro and Blundell to lodge claims for outstanding invoices, with a first meeting of…
Wayward Brewing and the Local Drinks Collective (LDC) distribution company they launched with Batch Brewing Co in 2022 have exited a period of voluntary administration with the existing owners still in charge. The news comes just over three weeks after they entered voluntary administration, looking to return the two operations to a cash flow positive state, describing…
By Wayne Robinson | 22 January 2024 Industry hardware and consumables supplier Starleaton is in voluntary administration, with Simon Cathro and Andrew Blundell of Cathro & Partners, Sydney, now in charge. Starleaton in administration: Ben Eaton Creditors are invites to contact Cathro and Blundell to lodge claims for outstanding invoices, with a first meeting of…
By Eliza Mcphee For Daily Mail Australia Published: 09:39 AEDT, 24 January 2024 | Updated: 10:09 AEDT, 24 January 2024 A major construction company that built houses across Melbourne has collapsed, owing up to $3.5million. Alpha Building Group Pty Ltd fell into liquidation last … Read the full article at: https://www.dailymail.co.uk/news/article-12998511/Alpha-Building-Group-Melbourne-builder-liquidation.html
Taking a deep dive into the outlook for global insolvencies in 2024 is Allianzs 2023 research report Global Insolvency Outlook 2023-25: From maul to ruck?, which suggests that a back to back acceleration is looming, with global insolvencies forecast to further accelerate in 2024 (up 10 percent year on year from 6 percent in 2023),…
By Wayne Robinson | 22 January 2024 Industry hardware and consumables supplier Starleaton is in voluntary administration, with Simon Cathro and Andrew Blundell of Cathro & Partners, Sydney, now in charge. Starleaton in administration; Ben Eaton Creditors are invites to contact Cathro and Blundell to lodge claims for outstanding invoices, with a first meeting of…
An Australian blockchain start-up lauded as the future of banking and backed by some of the countrys biggest financial institutions has collapsed. News.com.au can reveal that Lygon went into liquidation with debts of $14.3 million last year, according to a statutory report lodged with the corporate regulator at the end of 2023. Lygon, headquartered in…