“ABSOLUTELY gutting” is how a director of the Cooloola Waters Retirement Resort labelled the decision to push the business into liquidation, despite it still running in the black. Rodney Lohse, who ran Cooloola Retirement Villages with his mother Lorraine Gay Lohse, said the village had not only been a Tin Can Bay fixture for 30…
TM Lewin goes into voluntary administration with fears menswear company could close all Melbourne stores in the coronavirus pandemic Australian menswear company TM Lewin entered into voluntary administration The formal wear brand has five stores across Australia and a team of 40 staff TM Lewin’s parent company in the UK recently closed all of its…
Equestrian Australia has avoided liquidation. Picture Sarah Reed Equestrian Australia will live to ride another day, as the embattled body narrowly avoided going into liquidation on Tuesday after its creditors voted to support administrator KordaMenthas proposal to reform the sport. They agreed the administrators proposal, endorsed by Sport Australia, the Australian Olympic Committee and the…
Holiday company goes BUST leaving desperate holidaymakers $50,000 out of pocket as the coronavirus pandemic continues to battle the travel industry Viaggio Italia Travel in Queensland expected a popular year for holidaymakers Due to coronavirus and travel bans, the company has fallen into liquidation The company now owes travellers a massive $50,000 following deposits Their…
TRAVELLERS have been left more than $50,000 out of pocket after a family-owned European tour company collapsed into liquidation. The Queensland-based Viaggio Italia Travel went into liquidation last month after it was forced to halt tours due to the COVID-19 pandemic. Viaggio operated small group tours to destinations across Italy for more than 30 years…
Wirecard NZ – the fully-owned subsidiary of the scandal-plagued German payments group – has today been placed in voluntary administration. McGrathNicol partner Andrew Grenfell, who has been appointed voluntary administrator, told the Herald, “It’s business as usual”, for around 20 Auckland-based staff. He hoped to find a buyer. Overnight, BDO partners Andrew Fielding and Nicholas…
Image copyright GoogleImage caption The Paisley car park has now been put on the market Two companies that raised 25m from a car park investment scheme near Glasgow and Manchester airports have been forced into liquidation. The land has now been put up for sale after the Insolvency Service ruled the initiative was “misleading” and…
Cladding manufacturer Fairview Architectural has filed for voluntary administration, citing challenges posed by COVID-19 and $1.5 million spent so far defending a class action alleging [] Subscribe for instant access to all Lawyerly content. Already a subscriber? Lost your password? Want to test drive Lawyerly? Contact us to take a free trial. Read the full…
Liquidators say it is not yet clear whether there will be a return to unsecured creditors following the collapse of construction-focusedinsurance group Qamvis. As insuranceNEWS.com.au has reported, Qamvis operated agency Qiducia Underwriting Australia and brokerage Qtrust Insurance & Advisory, both of which sourced capacity from Guild Insurance. On June 18 Melbourne-based Qamvis was placed into…
National swimwear retailer Seafolly has collapsed into voluntary administration amid the impact of the COVID-19 pandemic on Australias beleaguered retail sector. Scott Langdon and Rahul Goyal of KordaMentha Restructuring were appointed as voluntary administrators of the business on Monday and will now attempt to sell the company after an assessment of its affairs is completed.…