The future of a well-known Perth luxury builder hangs in the balance after a last minute proposal to buy the company out of administration.
Matt Mckenzie
Administrators have secured another two months to restructure hydrogen hopeful Infinite Green Energy after a late rescue bid was lobbed at the eleventh-hour.
Creditors have knocked back a proposal to revive troubled builder Inspired Property Group, instead sending the company to liquidation.
Three companies linked to the former owners of Zorzi Builders have lodged a $3.4 million legal action linked to their deal to exit the construction empire in 2019.
NRW will cop a $113 million impairment charge after the contractor revealed it may now lose rights to property thought to be pegged as security over unpaid work at the collapsed Whyalla Steelworks.
Simone Grogan
Administrators of collapsed home builder Inspired Property Group have knocked back a low-ball rescue bid and warned that the company was likely insolvent by June 2024.
Federal prosecutors fear alleged fraudster Michael Dunjey is trying to discourage former clients from engaging with investigators.
Matt Mckenzie & Neale Prior
Luxury bridal house Pallas Couture has collapsed into administration for a second time in less than eight years, but customers have been assured they will still receive their wedding dresses.
Cheyanne Enciso
A decision on the future of Mercedes Group - which trades as Zorzi Builders - has been punted back weeks after a last-minute proposal to buy the company out of administration.
A $10 million legal fight and seven years of losses helped sink luxury Perth construction empire Zorzi Builders, with the company likely headed to liquidation.
New filings reveal that the 90-store national retailer owes millions to its 600 staff and is sitting on nearly $776,000 in unclaimed gift vouchers.
Sean Smith
The liquidators chasing the tax office for $3.8m of payments made while former Mrs Mac’s Pies company allegedly broke in 2022.
Neale Prior
The former boss of Worx Group says he deeply regrets the company’s collapse as creditors look set to send the equipment hire business to liquidation.
Australia’s oldest dairy company is looking for its fifth owner in 20 years after being put on the market in the wake of a loan default by its Chinese parent.
Insolvency experts from McGrathNicol have been put into Brownes’ parent, Australian Zhiran, by the Hong Kong-listed China Mengniu Dairy Company, which is owed $200m.
Administrators of hydrogen hopeful Infinite Green Energy will have four weeks to bring together a restructure deal for the company, with the Supreme Court yesterday adjourning a liquidation bid.
The entertainment company behind the hit reality series Luxe Listings is on the rocks as its co-founders continue their lengthy battle over their Amazon deal.
Adelaide Lang
The debts of collapsed home builder Inspired Property Group can now be revealed, two weeks after the business hit the wall.
The business, which was founded over a century ago, collapsed into administration amid a tough operating environment for retailers.
Michael Dunjey, the Perth promoter behind Ascent Investment, has been hit with more than 30 criminal charges after an exhausting investigation by the corporate watchdog.
Former Woodside boss Peter Coleman spearheaded moves to bring administrators into troubled hydrogen hopeful Infinite Green Energy.
A key shareholder in Zorzi Builders is set for a Supreme Court fight over unpaid debt just weeks after the luxury construction company entered administration.
Jeanswest is selling a pair of jeans every three minutes as administrators clear $20m worth of stock before they close down all of the collapsed retailer’s store.
Daniel Newell
The green energy hopeful has called in administrators after a rough 12 months, which included the departure of big-name directors last year.
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