Introduction The economic impact of COVID-19 will be far reaching. Governments around the globe are currently grappling with a balance between the protection of the health of their populations and limiting damage to their economies. Corporates that are over-burdened with debts will undoubtedly struggle to take advantage of market opportunities as global economies recover. The…
Jonas Stankevicius, from Doncaster, was appointed the sole director of S Jonas Solutions Limited in July 2018, at the same time the payroll services company was incorporated. S Jonas Solutions started trading shortly after incorporation from premises in Stockhill Road, Doncaster, but only a few months later entered into creditors voluntary liquidation in December 2018.…
Creditors of STA Travel have agreed with the administrators recommendation that the company be wound up, with the likelihood of a return not looking all that promising. The company, which was placed into voluntary administration back in August, operated online travel agent services and a network of 27 shopfront outlets across Australia. Its COVID-induced collapse…
Reserve Bank governor Philip Lowe, right, and deputy governor Guy Debelle…the bank warns bankruptcies will increase next year.Alex Ellinghausen Emergency measures such as JobKeeper, cash flow payments from the Australian Taxation Office and a temporary freeze on director liability for insolvencies will roll off between January and March. If the estimated 3 per cent fall…
news, latest-news, hawks, illawarra, mat campbell, general manager, basketball, nbl, national basketball league THE man who saved the Hawks has walked away from his role as general manager. Mat Campbell, whose No.32 playing singlet hangs from the WIN Entertainment Centre rafters, was behind the campaign to rescue the embattled club in 2009 and has since…
One of Adelaide’s most-lauded restaurants has folded amid its months-long pandemic-induced closure. Owned by MasterChef Australia judge Jock Zonfrillo, Orana was operated by two companies which will now be sold off by KPMG administrators. Founded seven years ago, restaurant Orana was an Adelaide based venue which sought to build its menu around Indigenous foods and…
MasterChef Australia’s Jock Zonfrillo put his restaurant Orana into voluntary administration before closing its doors due to the coronavirus crisis By Mary Mrad For Daily Mail Australia Published: 16:28 AEDT, 8 October 2020 | Updated: 18:43 AEDT, 8 October 2020 View comments MasterChef Australia judge Jock Zonfrillo had put hisrestaurant Orana into voluntary administration one…
The board stated that it still backs members’ voluntary liquidation of Gabelli Value Plus+ The board of Gabelli Value Plus+ Trust said it received a letter on 2 October from the general counsel to majority shareholder Associated Capital Group (ACG) “indicating that (unspecified) litigation concerning the company [Gabelli Value Plus+] may be a distinct possibility”.…
A prominent Adelaide hotels syndicate that did secret deals with major breweries over access to an Adelaide pub’s beer taps has fallen into liquidation. Key points: The Bloody Mary Group ran a series of licensed venues across SA Its directors were previously ordered to pay $383,000 in damages Liquidators say the group has little assets…
STA Travel has been using New Zealand customers’ deposits for overseas holidays to cover company wages and office rent. Photo: File / Getty Images Additional funding may be required to try and recover creditor claims in the liquidation of budget travel agent STA Travel, which shut down owing more than $11 million. Liquidators from Deloitte,…