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Optus partner enters liquidation owing $500K to creditors – ARNnet

Sydney-based Optus services provider Anderson IT has entered into voluntary liquidation with more than $500,000 owed to creditors.

The 10-year-old company, which ran an Optus Business Centre in North Sydney, appointed liquidator Graeme Beattie of Worrells, on 3 June facing more than $1.1 million in total financial liabilities.

Subsequent liquidation proceedings revealed the insolvent company owes Optus $123,333 and $48,500 to Vocus-owned telco M2 Commander.

Optus confirmed to ARN that it ended its partnership with Anderson IT on 31 May. Four days later, Anderson ceased trading altogether and initiated liquidation proceedings.

The company w…

Read the full article at: https://www.arnnet.com.au/article/663087/optus-partner-enters-liquidation-owing-500k-creditors/

Category: BankruptcyBy Insolvency Advisory AccountantsJune 19, 2019

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Optus partner enters liquidation owing $500K to creditors – ARNnet

Sydney-based Optus services provider Anderson IT has entered into voluntary liquidation with more than $500,000 owed to creditors.

The 10-year-old company, which ran an Optus Business Centre in North Sydney, called in liquidators on 3 June this year facing more than $1.1million in total financial liabilities.

Subsequent liquidation proceedings revealed the insolvent company owes Optus $123,333 and $48,500 to Vocus-owned telco M2 Commander.

Optus confirmed to ARN that it ended its partnership with Anderson IT on 31 May. Four days later, Anderson ceased trading altogether and initiated liquidation proceedings.

The company was incorporated in…

Read the full article at: https://www.arnnet.com.au/article/663087/optus-partner-enters-liquidation-owing-500k-to-creditors/

Category: BankruptcyBy Insolvency Advisory AccountantsJune 18, 2019

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PreviousPrevious post:Debt repayment threshold lowered – The Western WeekenderNextNext post:Defining and Dealing with Digital Assets in – https://bitnewstoday.com/

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Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
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