Optima Technology Group (ASX:OPA) and subsidiary enter voluntary administration – The Market Herald

Liquidation

Join our daily newsletter At The Bell to receive exclusive market insights Optima Technology Group (OPA) and its subsidiary, Optima Technology Group (Operations), enter voluntary administration The companys directors appointed Glen Kanevsky and Jason Tracy from Deloitte Financial Advisory as joint and several administrators The directors believe voluntary administration would have the best outcome for…

Inquiry calls for shake-up of insolvency laws – Yahoo Sport Australia

Bankruptcy

Australia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and financial services committee released on Wednesday. “Australia’s corporate insolvency system is overly complex, difficult to access, and creates unnecessary cost…

Calia restaurants in administration, owe Liven $2 million – SmartCompany

Liquidation

Calia’s Melbourne CBD location. Source: Facebook Upmarket Melbourne CBD eatery Calia has collapsed into voluntary administration, owing an estimated $2 million to Australian diner loyalty platform Liven and raising questions for diners with unredeemed restaurant credits. Documents listed by the Australian Securities and Investments Commission (ASIC) show Calia Australia, which operates the flagship restaurant and…

Insolvency specialist Begbies Traynor sees rise of companies going bust continuing into 2024 – Yahoo News Australia

Bankruptcy

Among the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino. (David Davies/ PA) (PA Wire) Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump. Profit…