Insolvency
Opinion
Booktopia
A series of unfortunate events: Demise of Booktopia is a page turner
A blindingly bright-coloured flag appeared only a month ago when the listed company told the market that directors’ fees for the year would be paid by issuing shares, rather than in cash.
- by Elizabeth Knight
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Booktopia
Online bookseller Booktopia enters voluntary administration; Dymocks circles
The embattled retailer has appointed voluntary administrators after several months of trying to secure funding.
- by Jessica Yun
Bonza likely traded while insolvent, say administrators
Hall Chadwick has issued a damning report into the failed budget carrier which found Bonza should have entered administration earlier than it did.
- by Amelia McGuire
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Collapse of cult food delivery company leaves customers fuming
A company which operated a popular grocery delivery service run by a foodie couple has gone into liquidation, with loyal customers saying they are owed money and products.
- by Jessica McSweeney
All-Stars cricket promoter says Warnie’s death left him helpless as businesses went under
Professional poker player Raj Ramakrishnan once rubbed shoulders with cricket’s elite but now faces allegations he engaged in tax fraud and owes the ATO $14 million.
- by Sarah Danckert
Harbour views, poker machines not enough to save RSL club from cash woes
The Kirribilli Club has been placed in voluntary administration months after it sought $2000 from members following a hike in rental costs.
- by Andrew Taylor
Darlinghurst Theatre goes into administration owing ticket holders
The Darlinghurst Theatre Company will be offered free rent in a desperate bid to prevent it going bust.
- by Andrew Taylor
Bonza hopes dashed, hundreds sacked after no rescue bid emerges
More than 300 workers at budget carrier Bonza have been told their roles have been terminated as no one has offered to buy the plane-less airline.
- by Amelia McGuire
Cyberattack target MediSecure enters voluntary administration
The national prescription delivery service provider, which was victim to a cyberattack that compromised personal health information, will face its creditors later this month.
- by Millie Muroi
Chinese variety retailer Miniso goes into administration for a second time
The Japan-inspired discount chain store has appointed administrators yet again as consumers close their wallets.
- by Jessica Yun
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Rozelle
The high-profile Sydney yoga studio at the centre of a decidedly un-zen scandal
Egg of the Universe has been accused of trading while insolvent, owing tens of thousands of dollars while plunging further into debt and making generous loans to directors.
- by Sally Rawsthorne