Documents reveal the popular late-night haunt failed to pay employees’ superannuation, suppliers’ invoices and more. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it Newtown Oporto…
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A full liquidation plan at Canada’s oldest company could begin as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline. Lawyers for the beleaguered retailer said in an Ontario court Monday morning that if approved by the judge, the liquidation…
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The Schwartz Family Company (SFC), which owns sydney Brewery, has acquired the Rocks Brewing Company, including its productions facilities and restaurant/bar in Sydney’s Alexandria. Rocks Brewing entered into voluntary administration in October 2024. It will now be incorporated into the operations of Sydney Brewery, with the brewery and restaurant re-branded as Sydney Brewery Alexandria, complementing…
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A week after it was put into voluntary administration, the official Liquidator for the brisbane Baroque Festival has issued a report that puts the company’s total liabilities at $994,762, almost $200,000 higher than previous estimates. Mayfields Business Advisors also suggests that there is “ample public evidence to suggest that the directors may have traded whilst…
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An online flight booking company with links to collapsed budget airfare company Bestjet has left travellers thousands of dollars out of pocket after it entered voluntary administration just days after customers say they handed over money to the firm. sydney-based Fly365 appointed a voluntary administrator on Friday, wiping both its website and Facebook page and…
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Prof Jason Harris, Sydney Law School One of the problems is that our insolvency laws adopt a ‘one-size-fits-all’ approach that makes little distinction between winding up a national transport company and dealing with a failed corner store business. This work must be paid for and while the former may well justify the attention of what…
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melbourne sign company Aussie Signs has gone into liquidation three years after a freak accident where the collapse of a wall carrying its signage killed three people. The industrial accident resulted in a lengthy court case, and the company was fined $250,000 earlier this year for pleading guilty to an occupational health and safety act…
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sydney developer Merhis Corp and a clutch of related entities have gone into liquidation owing the Australian Taxation Office at least $6 million and its director Mark Merhi has left Australia. Helm Advisory managing director Stephen Hathway said he triggered the liquidation of the 23 Merhis companies last week after they defaulted on a settlement…
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sydney Beer Co has joined the list of Australian breweries to be put into voluntary administration, just months after expanding into the United States. The brewery, co-owned by former Australian fast bowler Brett Lee and acclaimed writer and actor Matt Nable, had recently raised over $6m to fund its expansion into the US. RSM Australian…
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In a worrying trend for the Australian business landscape, thousands of companies have vanished over the past year, and experts warn that the situation is poised to deteriorate even further. Among the casualties is E-Mersion Media, a melbourne-based tech start-up that recently went into liquidation with debts exceeding $12 million. The liquidator’s report reveals that…
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