Australians who say they have been left stranded overseas and broke after their travel agency collapsed have now been told the company was likely trading while insolvent. melbourne-based agency Traveldream — which was registered as Australian Travel Deals Pty Ltd and sold discounted flights, cruises and international tour packages — collapsed in April and went…
As the Senate Economic References Committee (SERC) begins its public hearings into insolvency in the Australian construction industry, the vexed issue of phoenixing deserves to be highlighted. It is generally believed that illegal phoenix activity – where a company is liquidated and rises again in a way that avoids paying creditors – is widespread in…
Northern Beaches Hospital, sydney, Australia [Photo by Cabrils via Wikipedia / CC BY-SA 4.0] Australia’s second biggest private hospital operator, Healthscope, was placed in receivership on Monday. This means the future prospects of 38 hospitals, 19,000 staff and hundreds of thousands of patients are now in the hands of ruthless international hedge funds, to which…
THE failed real estate venture of Ocean Grove entrepreneur Taylor Dow owes more than $280,000 to creditors, according to ASIC documents. Documents lodged with the corporate watchdog reveal the Taylor Dow Property Group owes $29,000 to melbourne-based developer SMA Projects and $27,500 to Queensland-based Property Solutions. More than $66,600 is owed to the Australian Taxation…
Air Locker Training in the brisbane suburb of Newstead has gone into voluntary liquidation this week. As reported by 7NEWS, it was resolved at a company meeting on 8th November the inner-city altitude training gym would be wound up and liquidators would be appointed. Part of a nationwide franchise which has 26 locations, Air Locker…
A luxury fashion brand beloved by Australia’s wealthy and fabulous has gone into liquidation. The Daily Edited, which specialised in engraving people’s initials onto bags, phone cases and other items, was wound up after a meeting of company members on September 30. The glamorous brand goes into liquidation just over a year after co-founder Alyce Tran…
Construction on Investa’s stalled $450 million build-to-rent development in melbourne could resume by June if a new builder can be appointed to replace failed contractor Roberts Co, which went into administration last month, sources close to the fund manager said. The decision by Rich List businessman Andrew Roberts to call administrators into his Victorian company…
By NICHOLAS COMINO FOR DAILY MAIL AUSTRALIA Published: 11:43 AEST, 13 May 2025 | Updated: 12:25 AEST, 13 May 2025 Two popular Asian fusion restaurants have shut up shop overnight after their wealthy owner sparked an investigation by the corporate watchdog. Kekou and Klae, in the inner
Beau Homes, a gold coast building company that focuses on pools, has gone into liquidation. Rodgers Reidy’s David Hambleton and Kaily Chua have been appointed as administrators of the Currumbin-based company. The company is reported to owes its creditors $1 million. According to the Queensland Building and Construction Commission (QBCC) Beau Homes’ building licence was…
Project Overview Fraudulent phoenix activity is of great concern to Australian policymakers. It occurs where there is the deliberate liquidation of a company to avoid paying debts but the business continues through another company, and in corporate groups through the liquidation of undercapitalised subsidiaries and transfer of business to other companies in the group. This…