An Australian consumer affairs body is investigating the boss of a collapsed caravan company which owes millions of dollars to creditors but only has three vehicles to repay everyone. In August, news.com.au reported that Victorian-based Tango Caravans had plunged into liquidation, leaving 60 customers as much as $90,000 out of pocket each after being “sold…
Retail giant Officeworks says it was proud to have invested in brisbane-based social enterprise Circonomy, which entered creditors’ voluntary liquidation at the end of last week. Officeworks was a long-time partner of Circonomy and formalised this partnership by taking a 21% stake in the business in early 2022. On Tuesday, a spokesperson for Officeworks told…
Two Gloria Jean’s coffee stores in Joondalup and Warwick have gone into liquidation this month over money owed to the Australian Tax Office. The two stores are now in the hands of liquidators Mackay Goodwin since its court appointment on May 22, according to the Australian Securities & Investment Commission website. The Warwick store was…
The trucking company found responsible for a crash on the Eastern Freeway that killed four police officers will never pay the $2.31 million fine it received over the incident because it has been placed into liquidation. The company, Connect Logistics, will also never repay the $90,000 in legal costs incurred by the National Heavy Vehicle…
A zoo south of A zoo south of perth has gone into liquidation because of … Source link
The company that owned Pinjarra’s Ranger Red’s Zoo has gone into insolvency, potentially owing hundreds of thousands of dollars in debts, but its new owner says he is keeping the zoo open and even has plans to expand to a new location. Ranger Red’s Zoo and Conservation Park, known as Peel Zoo until 2019, entered…
Sports and fitness enthusiasts have the chance to snap up a bargain purchase as millions of dollars worth of recreational equipment heads to auction in three Australian cities. One of the country’s leading suppliers of sporting hardware, T&R Sports, has entered liquidation, sparking a massive auction event. Lloyds Auctions is handling the liquidation of the…
Another major Australian developer has gone into voluntary liquidation following the collapse of a major project on the Gold Coast last year. Property Solutions Holdings, responsible for some of Brisbane’s most famous urban renewal projects, is leaving behind debts running into millions of dollars, the Source link
Brisbane-based Property Solutions Holdings and associated companies are being liquidated as another high-profile property player is laid low. Property Solutions, which was behind a number of landmark developments in south-east Queensland including The Barracks at Petrie Terrace, and Centro on James Street, Fortitude Valley, entered voluntary liquidation on May 4. The liquidation of the…
A controversial restaurant chain has collapsed just two years after launching in Australia after being mired in controversy. On Monday, a notice was released on ASIC that Viral Ventures (Australia) Pty Ltd had gone into voluntary liquidation. The appointed liquidators are Chris Johnson and Andrew McCabe of insolvency firm Wexted Advisors. Viral Ventures (Australia) Pty…