Despite its products being found in millions of homes across the globe, international houseware and appliance manufacturer Instant Brands has filed for Chapter 11 bankruptcy protection. The company, which is controlled by private equity firm Cornell Capital, cited rising interest rates for its financial difficulties and Chapter 11 filing in the Southern District of Texas,…
DetailsAugust 15 (SeeNews) – Serbia sold insolvent agroindustrial company AIK Jagodina to clothing company Mona Fashion for 8.6 million dinars ($80,000/73,400 euro), the bankruptcy supervision agency said. As part of the deal, Mona Fashion acquired 60 hectares of land in the central Serbian town of Jagodina, the agency said in a statement last week. You…
DetailsAisling BrennanNCA NewsWire Camera Icon Perth builder Western Luxury Homes Pty Ltd was placed into liquidation on Friday. Credit: Supplied Share to Facebook Share to Twitter Email Us Copy the Link Twelve customers hoping to have their homes built by a West Australian building company have been left disappointed after the business collapsed. Perth builder…
DetailsA restart has been achieved for AEM, which was declared bankrupt in July. Bankruptcy was filed by the company itself on July 11. The Maasbree-based company develops and produces climate computers and installations for mushroom cultivation, composting, and horticulture. Four parties showed interest in a relaunch, according to the recent publication of the first bankruptcy…
DetailsTwelve customers hoping to have their homes built by a West Australian building company have been left disappointed after the business collapsed. Perth builder Western Luxury Homes Pty Ltd was placed into liquidation on Friday, according to a notice published by ASIC. The failing business has now been handed over to RSM liquidators Travis Kukura…
DetailsTwelve customers hoping to have their homes built by a West Australian building company have been left disappointed after the business collapsed. Perth builder Western Luxury Homes Pty Ltd was placed into liquidation on Friday, according to a notice published by ASIC. The failing business has now been handed over to RSM liquidators Travis Kukura…
DetailsHealth food brand Bounce Foods has gone into voluntary administration, with all staff stood down and administrators appointed. The company was founded in 2004 and had a failed launch into the US in 2016. John McInerney and Philip Campbell-Wilson from Grant Thornton Australia have been appointed administrators. McInerney said the company went into voluntary administration…
DetailsWishbone founders Andrea Gibson Scarlett and her husband Shayne Scarlett. Photo / Supplied Popular cafe chain Wishbone has been placed in liquidation, the Herald understands. The cafes website is no longer working and a liquidator has been appointed to The Woodward Group, a holding company used to trade the business. Mohammed Jan of insolvency firm…
DetailsWe all have debt. Whether were currently paying off student loans, a car loan, a mortgage, or even business loans, its safe to say that debt management is a priority in all of our lives. And when it comes to debt management, its always better to be proactive with your repayments rather than maintaining a…
DetailsASIC has disqualified Mathew Craig Lynch of Langwarrin Victoria, from managing corporations for three years due to his involvement in the failure of three companies. Between April 2015 and January 2022 Mr Lynch was the director of three companies that entered liquidation: Option One Construction Pty Ltd (ACN 605 515 302) (Option One Construction), C.N.…
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