“Don’t touch these people”: Beware pre-insolvency advisors as industry faces review Finance Matthew Elmas 11 October 2019 Two pre-insolvency advisors are pleading guilty to money laundering in a case brought by ASIC as two separate reviews pledge to examine the industry.
Small business insolvency under the microscope as ombudsman investigates restructuring Finance Matthew Elmas 10 October 2019 Kate Carnell will investigate the operation of insolvency practitioners in a new inquiry that will examine why restructuring rates aren't higher.
Fast failure: Forever 21 files for bankruptcy protection Retail Matthew Elmas 30 September 2019 Fast-fashion retailer Forever 21 has filed for bankruptcy protection in the United States in an effort to restructure its failing business.
Don’t write off debts: How to navigate supplier or client insolvency Finance Aamena Hussein 20 August 2019 In business, we’re always in a position where others owe us money. So what do you do if one of these businesses suddenly goes bust?
Mighty Good Undies in liquidation in wake of supplier dispute Retail Matthew Elmas 7 August 2019 Prominent brand Mighty Good Undies is in liquidation this morning after failing to find a buyer amid a worsening financial situation.
A Pressed Juices cleanse: Court appoints liquidators to troubled Aussie drinks chain Retail Matthew Elmas 22 July 2019 An investigation is underway this morning into the affairs of Pressed Juices after a court appointed liquidators to the holding company for the chain.
“So long and thanks for all the fish”: Melbourne fine-dining institution enters liquidation Hospitality Dominic Powell 12 July 2019 Melbourne-based fine dining establishment Woodland House has closed its doors for good, with the business entering liquidation yesterday.
Customers furious as travel agent claims it collapsed but is still registered to trade Tourism Matthew Elmas 19 June 2019 A travel agent which says it has appointed administrators but is still registered to trade has become the centre of customer anger in recent weeks.
“Unsustainably high rents”: National furniture chain Focus Group collapses into administration Retail Matthew Elmas 17 May 2019 National retail chain Focus Group has collapsed into administration, blaming "unsustainably high rents" for unprofitable operations.
National gym chain Result Based Training falls into administration after “very large” tax bill Retail Matthew Elmas 18 April 2019 International gym business Result Based Training has appointed administrators this week and is now being reviewed for possible sale or restructure.
Napoleon Perdis to be restructured under $1.6 million deal Retail Matthew Elmas 9 April 2019 Napoleon Perdis has been saved and will test the waters internationally next year after a restructure in the coming months.
Napoleon Perdis finds possible saviour in Chinese e-commerce experts Retail Matthew Elmas 29 March 2019 Collapsed cosmetics retailer finds a firm suitor in Chinese e-commerce experts who intend to expand the business overseas.
