Citation enters voluntary administration

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau. perth-based Citation said today it had entered voluntary administration, with Richard Tucker and Scott Langdon of KordaMentha appointed to oversee the company’s affairs. “The board advises…

Harris Scarfe for sale after being put into receivership and entering voluntary administration – realestatesource

Harris Scarfe – one of South Australia’s oldest retail chains – entered voluntary administration today after being put into receivership by a creditor. The move comes less than a month after the company traded to Allegro Funds, a sydney-based private equity firm known to turn around struggling businesses. In that deal, for an undisclosed sum,…

Elias Jreissati-founded apartment builder Bensons Property Group in voluntary administration

The nationwide crisis of failing construction companies has claimed one of its biggest victims after apartment builder Bensons Property Group was placed into voluntary administration late on Friday, threatening to derail a development pipeline of more than 1300 homes across $1.5bn of property projects. The demise of Bensons, a well-known builder for 30 years, will…