Category Archives: Liquidation

Rochfort Distillery enters liquidation: Injunction halts the auctioning of whisky at Hindmarsh Valley property | The Times | Victor Harbor, SA – Victor Harbor Times

The Rochfort Distillery in Hindmarsh Valley has been placed into liquidation, faced with potentially more than $500,000 of debts. The award-winning distillery and 200 seat restaurant opened in 2018 just outside of Victor Harbor, at the site of the former Victor Harbor Winery. It may now be forced into selling off its stock of whisky,…

COVID-19 hotel security company has worked on expired licence for a month – The Age

The Age and The Sydney Morning Herald can also reveal that a company closely linked to Unified Security, which had an almost identical name and operated from the same Sydney address, has been embroiled in a protracted liquidation process and as recently as February this year still owed unsecured creditors $4.5 million. Melbournes second COVID-19…

Tuchuzy founder Daria Sakic offers rare glimpse into voluntary administration – Ragtrader

This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here. One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured. If the answer is…

Liquidated company’s $2.8m lawsuit for mine worker’s fall – Chronicle

A LIQUIDATED Central Queensland mining labour hire company is being sued for $2.8 million in a workplace injury lawsuit. Michael Thorogood, 43, is suing One Key Workforce for negligence and breach of contract after he fell 1.5 metres to the ground, causing a severe wrist injury that required 10 surgeries. The claim was served to…

Tuchuzy founder Daria Sakic offers rare glimpse into voluntary administration – Ragtrader

This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here. One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured. If the answer is…

Liquidated company’s $2.8m lawsuit for mine worker’s fall – Noosa News

A LIQUIDATED Central Queensland mining labour hire company is being sued for $2.8 million in a workplace injury lawsuit. Michael Thorogood, 43, is suing One Key Workforce for negligence and breach of contract after he fell 1.5 metres to the ground, causing a severe wrist injury that required 10 surgeries. The claim was served to…

REVEALED: 21 businesses that went bust in the last year – Chronicle

BUSINESS is full of highs and lows. The Toowoomba business community has been through a lot in the last year. Here are the businesses that shut up shop. The Florence Public House Nev Madsen The Florence ITS owner said in August 2019 that The Florence was “temporarily shut” for some renovation work. “We’re just going…

Liquidated company’s $2.8m lawsuit for mine worker’s fall – Daily Mercury

A LIQUIDATED Central Queensland mining labour hire company is being sued for $2.8 million in a workplace injury lawsuit. Michael Thorogood, 43, is suing One Key Workforce for negligence and breach of contract after he fell 1.5 metres to the ground, causing a severe wrist injury that required 10 surgeries. The claim was served to…

All Trades Queensland, nation’s largest commercial employer of apprentices and trainees, in administration amid COVID-19 ‘economic downturn’ – 9News

All Trades Queensland (ATQ), the largest commercial employer of apprentices and trainees in Australia, has collapsed into administration. Administrators say business will continue, with the first creditors meeting due August 3. John Park and Joanne Dunn of FTI Consulting were appointed as voluntary administrators of ATQ today. ATQ employs 414 apprentices and has 638 active…

Key Takeaways From the Corporate Insolvency and Governance Act 2020: Restriction on Ipso Facto Clauses – JD Supra

On 26 June 2020 the Corporate Insolvency and Governance Act 2020 (the Act) came into force, introducing a number of permanent reforms to English insolvency and restructuring law. Among these reforms is a restriction on the effectiveness of certain termination clauses in contracts for the supply of goods and services where a counterparty enters an…