Insolvency
A $180m deal was meant to rebuild Simon’s fortunes. Six months on, he struggled to scrape together $1m
Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead, he lost colleagues, his house and became entangled in multiple court battles.
- by Anne Hyland
Latest
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
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
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
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
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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For subscribers
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