Category Archives: Liquidation

Australian Crypto Exchange Halts Trading, Enters Voluntary Liquidation – Crypto News Bitcoin News

Liquidation Details The Australian cryptocurrency exchange group DAEX has halted all trading operations and entered voluntary liquidation, leaving investors in a state of uncertainty regarding the recovery of their funds. According to the Daily Telegraph, the collapse affects several platforms operating under the DAEX umbrella, including AUDX Australia, AUDX Global and GlobalOne Exchange. Statements appeared…

Sydney-based financial planning firm enters into liquidation

The firm was placed into liquidation on 8 May, 2019 and Adam Prienier of O’Brien Palmer was appointed as a liquidator. Gayle Dickerson and Stephen Vaughan of KPMG were subsequently appointed as agents for the mortgagee in possession in relation to the secured property of the company. Creditors were advised to contact the liquidators if…

Apex Cabs enters voluntary liquidation following bans from Sydney Airport and NSW roads

sydney cab operator Apex Cabs has entered liquidation in the wake of a tumultuous few months for the company. The company entered into voluntary liquidation on Tuesday just weeks after it was banned from NSW roads. Andrew John Spring of insolvency solutions company Jirsch Sutherland appointed as liquidator. The taxi service provider was slapped with…

Why are so many Australian caravan companies collapsing?

When the news broke earlier this week that luxury caravan manufacturer Zone RV had collapsed into administration, it left hundreds of customers and employees reeling. But this is just the latest in a string of Australian caravan companies that have gone under in recent years. While each business’s circumstances are different, experts say a number…

Brisbane furniture store plunges into liquidation as chain collapses

An embattled brisbane furniture store has been forced into liquidation, the latest collapse in a chain that left customers out of pocket and authorities issuing a ‘do not deal’ warning. Home Sweet Home Sofa’s & Living (North Lakes) was ordered to go into liquidation in the Federal Court last Friday, after the Australian Taxation Office…

Embattled Sydney radio host Mark Levy’s collapsed restaurant debt soars into seven figures amid liquidation process

Debts associated with popular sydney radio host Mark Levy’s collapsed restaurant have spiraled into seven-figures as he attempts to push back on liquidation proceedings. Saint George Hospitality, the company behind Mr Levy’s closed Pronto Sylvania eatery, owed nearly $1.8 million, according to a report lodged with the Australian Securities and Investments Commission (ASIC). That figure…

BDS Group boss shares his story behind company’s collapse

BDS Express offered a wide range of services, including freight operations, warehousing and storage. Image: BDS Group BDS Group Managing Director Harry Rathour has shared his account of why the melbourne-based company he started from scratch in 2014 was placed into liquidation last week. Six entities under the group – BDS Express Trading, BDS Tyres,…

Australian electric vehicle-startup MEVCO goes into liquidation owing millions of dollars to an array of creditors

A Western Australian electric vehicle company that strived to refurbish utes into environmentally friendly equipment for the mining industry has gone under. perth-based start-up Mining Electric Vehicle Company (MEVCO) launched in 2022 with plans to convert Toyota Hilux and LandCruiser utes to battery power. MEVCO hoped to supply the mining sector with the revamped vehicles…

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Billionaire Adrian Portelli backs out of Derrimut 24:7 gym deal

This was published 6 months ago November 1, 2025 — 9:25am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA Billionaire businessman Adrian Portelli will no longer purchase a stake in the floundering Derrimut 24:7 Gym empire, saying he could not see “eye to…