Posts tagged "creditor"

The number of small businesses turning to the Australian Small Business and Family Enterprise Ombudsman for assistance with insolvencies spiked in the September quarter, revealing how corporate collapses are leaving local traders grasping for help.

Food delivery platform Menulog says it will honour vouchers for former competitor Deliveroo Australia, after the company's collapse effectively left gift card holders as unsecured creditors.

Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.

The administrator for collapsed footwear retailer Sneakerboy is "urgently" reviewing its stock levels as customers raise concerns about delayed deliveries and frayed communication with the company.

Extremely low insolvency rates through the COVID-19 pandemic mean there is now a "backlog", Creditorwatch CEO Patrick Coghlan says.

International gym business Result Based Training has appointed administrators this week and is now being reviewed for possible sale or restructure.

  One of the sad facts of business is that ventures go broke, and when they do there’s a trail of former customers, suppliers and employees…

Financial planning group Storm Financial was lost around $16 million in the last six months before collapsing with debts of about $88 millio…

The founders of collapsed financial planning group Storm Financial received a special $2 million dividend just weeks before the company was …

Parents who have watched the financial crisis destroy half of their retirement savings in the last few months have been warned to look out f…

The administrator of stricken car repair chain Midas Australia has closed eight of the company’s 90 stores, with 17 of the company’s 125…

As the economy slows, disputes with the taxman are only going to increase. And as ROBERT RICHARDS explains, the tax office will not hesitate…