Liquidation Archives

PININFARINA SPA : ANNOUNCES THE LIQUIDATION OF THE SUBSIDIARY PININFARINA ENGINEERING SRL – Marketscreener.com

LiquidationBy Insolvency Advisory Accountants October 26, 2020

PRESS RELEASE (Translation from the Italian original which remains the definitive version) Pininfarina S.p.A. announces the liquidation of the subsidiary Pininfarina Engineering S.r.l. Torino, 26 October 2020 – Pininfarina S.p.A. (the “Company“) announces that today the Extraordinary Shareholders’ Meeting of Pininfarina Engineering S.r.l. (“Pininfarina Engineering“) – fully owned by the Company – approved the voluntary…

Have you been affected by COVID-19? Take the survey today

Business, Liquidation, MediaBy Editor October 26, 2020

Are you an owner or manager of a small business in Australia? If so, you may have felt the financial effects of the global pandemic COVID-19. We would love to know more about how you’re feeling during this time.

Staff sacked by text message after all Riot Art & Craft stores close – 9News

LiquidationBy Insolvency Advisory Accountants October 26, 2020

Owners of retail chain Riot Art & Craft have closed down all of its 56 stores after the company went into liquidation last week. Angry staff members said they were given no notice the stores were shutting down and were told via text message that they had lost their jobs last Monday evening. “All stores…

Virgin Australia’s new owners Bain want to reboot inflight WiFi – Executive Traveller

LiquidationBy Insolvency Advisory Accountants October 26, 2020

Virgin Australia’s new owners Bain Capital hope to reboot the airline’s inflight WiFi service as part of its new “customer service proposition”, although the shape of the WiFi packages and how they fit into the airline’s value-centric ‘hybrid’ model remains to be seen. Bain has severed Virgin’s contract with connectivity partner Gogo, which is in…

Lessor Avation Says Virgin Australia Owes It Nearly $75 Million – Simple Flying

LiquidationBy Insolvency Advisory Accountants October 26, 2020

Advertisement: Singapore-based Avation PLC says they are nearly US$75 million out of pocket following the collapse and sale of Virgin Australia. The lessor had 13 planes on lease to Virgin Australia when the airline went into voluntary administration in April. Five of those planes have gone to new operators, three are back at Avation, and…

Alcatraz company liquidation unlikely to raise money for creditors – Bournemouth Echo

LiquidationBy Insolvency Advisory Accountants October 24, 2020

ONE of a string of failed companies which ran a group of cafes and restaurants is likely to be dissolved with no money for the creditors owed an estimated 665,000. Candy Experience Limited operated the Alcatraz cafe bars in Bournemouth, Poole and Camberley, as well as three New Forest pubs. Its director, Paul Podvoiskis, was…

Indicators of insolvency: How to tell if your business is insolvent

Liquidation, MediaBy Editor October 23, 2020

Since 2003, corporate lawyers and insolvency accountants have benefited from a helpful ‘cheat sheet’ which answers the question, ‘how to tell if your business is insolvent‘. It comes in the form of a list that outlines 14 key indicators of insolvency. This list was established by the Courts as a general yardstick to identify if…

What to do if coronavirus leads to insolvency

Liquidation, MediaBy Editor October 23, 2020

From family operations to national firms, COVID-19 has made things tough for Australian businesses. Thousands have been forced to reduce their business hours, cut down on staff or shut down completely. As the global pandemic causes revenues to fall despite the unstoppable march of bills and expenses, one word becomes more prominent for businesses that…

Has Coronavirus made your business insolvent? Here’s how to tell

Business, Liquidation, MediaBy Editor October 23, 2020

As coronavirus continues to sweep across Australia, lockdowns and restrictions have brought intense financial strain upon thousands of businesses, with many facing company liquidation. Because continued restrictions like social distancing have made it almost impossible for any business to escape the pandemic’s effects, it is more important than ever to know how to tell if…

Insolvency checklist: Preparing for company liquidation

Free Consultation, Liquidation, MediaBy Editor October 23, 2020

If your company has become insolvent as a result of Coronavirus, you will find that preparing for company liquidation can be a stressful aspect of the process. Providing company details and other information related to your insolvency is important to allow liquidators, and the Australian Securities and Investments Commission (ASIC), to wind things up. Whether…

Category Archives: Liquidation