Modco co-founder’s entity in liquidation

The business entity controlled by collapsed builder Modco Residential‘s co-founder has fallen into liquidation. Ms Lu Holdings – an entity solely controlled by Modco co-founder Cynthia Lu – was placed into the hands of liquidator Mathieu Tribut from Mackay Goodwin this afternoon. Ms Lu held a stake in Modco Residential alongside her partner Yusuf Khan,…

Jetski dealership sinks into liquidation

A perth jetski and quad bike dealership has stumbled in liquidation, calling in experts Greg Prout and David Hurt from WA Insolvency Solutions to sift through its affairs. Late last month the Seadoo WA Pty Ltd, trading as Sea-doo Sport and Leisure, made the decision to call in liquidators from WAIS after struggling to get…

Sydney Investment House in provisional liquidation

The last of eight companies within the sydney Investment House Group, alleged to have operated an unregistered managed investment scheme, have been placed in provisional liquidation. The New South Wales Supreme Court yesterday appointed Quentin Olde of Taylor Woodings as provisional liquidator to Sydney Investment House (Newcastle) Pty Ltd , following an application by the…

$400 million NSW building company collapses

The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…

Hudson’s Bay receives court approval for revised liquidation plan, excludes six locations

Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process. Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors…