Choice Living: insolvency specialists called in for beleaguered WA builder – The West Australian

Bankruptcy

Home builder Choice Living Homes WA has gone into administration, calling in insolvency and business recovery specialists Cameron Shaw and Richard Albarran. Choice Living appointed external administrators Hall Chadwick yesterday, days after WAs building watchdog declared it had suspended Choice Livings registration. Last Thursday, Building Commissioner Ken Bowron declared the authority had suspended the registration…

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‘Business and usual’ at NQR after company enters administration – Bendigo Advertiser

Bankruptcy

The newly-appointed administrators of NQR have moved to reassure the staff and customers of the Kangaroo Flat store is operating as usual as they begin a search in earnest for buyers. The grocery clearance company offers dramatic savings on weekly shopping bills and has 24 stores across metropolitan Melbourne and country Victoria. Last week it entered administration and appointed Bruno…

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KPIT merger-demerger likely to unlock value for investors – Economic Times

Restructuring

ET Intelligence Group: The business restructuring undertaken by KPIT Technologies offers value unlocking opportunity for investors. The Pune-based mid-tier software and engineering services company plans to merge its existing operations with BirlaSoft, an unlisted software company promoted by the CK Birla Group. The merged entity will then be split into two separate publicly listed entities.…

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Schools ask the public for help in paying off student meal debt – STLtoday.com

Debt Help

More than 2,100 students in the Francis Howell School District together owe almost $19,000 in their school lunch accounts. In the Rockwood School District, students owe about $8,800, but that number climbed as high as $13,000 during the holidays, said Carmen Fischer, director of child nutrition services for the district. Sensitive to the possibility that…

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National furniture chain falls into voluntary administration – Gladstone Observer

Liquidation

THE company overseeing The Outdoor Furniture Specialists chain has gone into administration amid increasingly tough times for the retail sector. The Brisbane-based company is the head franchisor for 46 stores across Australia and claims to be the largest specialist outdoor furniture retailer in the country. Franchise store operators contacted yesterday said they were continuing to…

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RBS restructuring arm did not turn around ‘vast majority’ of businesses – CEO – Reuters

Restructuring

LONDON (Reuters) – Royal Bank of Scotlands (RBS.L) restructuring business did not turn around the vast majority of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response to lawmakers questions. McEwan and RBS Chairman Howard Davies were being grilled by members of the Treasury Select Committee, which has challenged state-backed…

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