Posts tagged "liquidation"

The business behind alternative clothing, body piercing, and bong retailer Off Ya Tree has fallen into liquidation, as the retail chain assures customers a dozen stores will remain operational.

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.

High-profile homewares and interior decor business Fenton & Fenton has collapsed into administration, surprising both admirers and customers of the fifteen-year-old brand.

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.

The family-owned pie brand has reportedly been sold to a mystery buyer, following months of financial pressure and tough times stemming from the COVID-19 pandemic.

The Geelong-based company is the latest construction firm to struggle as material costs and fixed-price contacts dig into the sector.

Condev Construction has become the latest casualty in the flailing construction industry, following a string of high-profile collapses.

SMEs have begun registering for temporary restructuring relief, under the country’s new insolvency regime that began on January 1. 

Travel company EWT, which specialised in overseas high school trips, has collapsed into liquidation, owing more than $2 million to students. 

The liquidator of retailer Riot Art & Craft has confirmed its e-commerce arm was sold to a “related entity” prior to the business collapsing. 

Payment times are increasing for small businesses, with creditors unable to chase up debts amid an extension in insolvency protections.

The Morrison government has announced bankruptcy and insolvency protections will be extended until the end of the year.