Topic | Insolvency | The Sydney Morning Herald

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Insolvency

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New reforms welcomed after significant jump in bankruptcies
Analysis
Analysis

New reforms welcomed after significant jump in bankruptcies

A likely reason for the spike, apart from higher interest rates, is the ATO’s resumption of collection of outstanding taxes after a pause during COVID.

  • by John Collett

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Booktopia axes 165 jobs as administrators field interest from 60 parties

Booktopia axes 165 jobs as administrators field interest from 60 parties

Barely two dozen employees remain at the embattled book retailer whose administrators found the business didn’t have the funds to retain them.

  • by Jessica Yun
A series of unfortunate events: Demise of Booktopia is a page turner
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
Online bookseller Booktopia enters voluntary administration; Dymocks circles
Updated
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

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
Collapse of cult food delivery company leaves customers fuming

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
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All-Stars cricket promoter says Warnie’s death left him helpless as businesses went under

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

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

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

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

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