Adriano Zumbo’s businesses placed into voluntary administration, with debts reportedly as high as $10 million

Famous celebrity pastry chef Adriano Zumbo’s businesses are reportedly facing a $10 million debt to creditors after three of his sweets-serving companies have entered voluntary administration. The companies, 611 Pty Ltd, Mel611 Pty Ltd and I’m So Fancy Pty Ltd had administrators DW Advisory appointed on July 22. The first two companies operate eight Zumbo…

Flights cancelled, Australians stranded as government considers putting Air Vanuatu in voluntary administration

In short: Travellers are stranded in Vanuatu after the country’s national airline cancelled international flights until Sunday. The airline confirmed its owner, the Vanuatu government, is considering putting it into voluntary administration.  Australian tourists booked to fly back on the airline are waiting to hear when they can travel home. Australian tourists are stranded in Vanuatu…

Peter Stevens Motorcycles to enter voluntary administration

Australian motorcycle retailing giant Peter Stevens Motorcycles is to enter voluntary administration amid financial woes, a source has told INFO MOTO.  Peter Stevens Motorcycles, including Harley-Davidson dealership chain Harley-Heaven, are under threat of liquidation if the company cannot rectify its position. The company is expected to announce it is entering voluntary administration today, with one…