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yesterdayTuesday, 26 May 2015

Thousands of insolvent businesses could be saved with new safe harbour laws, says liquidator

Around one-third of businesses liquidated could be saved and billions of dollars recovered for the Australian economy if the government adopts draft safe harbour recommendations from the Productivity Commission. by Kirsten Robb

Tuesday, 19 May 2015

Vocation forced to repay $8 million and withdraw thousands of students’ qualifications

Troubled training provider Vocation has been forced to repay $8 million in funding to the Victorian government as it seeks to regain an even keel in the industry. by Kirsten Robb

Monday, 18 May 2015

MissChu 2.0: Turnaround specialists Mawsons reveal control of 75% of MissChu and outline expansion plans

The Melbourne-based restructuring firm that helped turn around jewellery chain Bevilles has taken charge of Vietnamese restaurant chain MissChu and has plans to open more pop-up shops and expand the company’s catering service. by Eloise Keating

Tuesday, 12 May 2015

83-year-old business W.E. Smith Engineering collapses

A New South Wales engineering company that was established in Sydney in 1922 has collapsed into voluntary administration. by Kirsten Robb

Tuesday, 5 May 2015

ASX-listed strip club operator collapses

The only strip club operator listed on the Australian Securities Exchange has collapsed into voluntary administration. by Kirsten Robb

Monday, 20 April 2015

ASX-listed drug company Pharmanet Group collapses

A Perth-based drug company listed on the Australian Securities Exchange has collapsed into voluntary administration. by Kirsten Robb

Tuesday, 14 April 2015

An insider’s account of the “spectacular implosion” of Pie Face

Sule Arnautovic, one of the administrators responsible for keeping Pie Face alive, has admitted there was a point during the voluntary administration of the pie chain when there was “no really obvious parachute” to save the company. by Eloise Keating

Thursday, 26 March 2015

All 103 remaining Homeart stores to close, 550 jobs lost

Iconic homewares retailer Homeart is set to be liquidated, with all 103 stores nationwide set to close and around 550 staff to lose their jobs. by Andrew Sadauskas

Homeart liquidation fears grow, with 103 stores and 550 jobs on the line

There are growing fears Homeart could be liquidated, with the iconic homewares chain offering discounts of up to 80% on merchandise and claims the company’s administrators are struggling to find a buyer. by Andrew Sadauskas
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