Based in Brisbane, Data Centre Technologies had made a name for itself thanks to its data centre consulting work designing, building, maintaining and improving mission critical data centre facilities for enterprises of all sizes. Liquidator Claudio Trimboli confirmed details about the amount the business owes and the number of creditors would be presented to the Australian Securities and Investments Commission on Monday.
However, in practice, debtors often pay substantial fees to debt agreement administrators.
They were designed to offer debtors a low-cost way to make arrangements with their creditors, while avoiding bankruptcy and some of its more serious consequences. Under ASX rules, a company must not issue equity to a related party without shareholder approval. Only four months after it was feared Channel 10 may be on the verge of drawing its last breath, the station is now precisely where Cricket Australia wants it … on its feet throwing punches.
Another director Christian Bernecker was issuedoptions via his entity Longreach Group — through they were not exercised. Its future has yet to be decided, but it is believed it will remain a community facility.
Murray Goulburn chairman John Spark says the bid represents the best available outcome for milk suppliers and investors. The charges were brought by the Australian Health Practitioner Regulation Agency AHPRA after the clinic published newspaper advertisements which claimed they could treat testosterone deficiency.
It will be much harder for the chronically underfunded Puerto Rico Electric Power Authority PREPAwhich went bankrupt in July amid mounting maintenance problems, years-long battles with creditors, a shrinking workforce and frequent management turnover. News of the deal pushed Lufthansa shares up more than 3 percent to their highest level in nearly 17 years.
SGH has called on its shareholders to vote in favour of a recapitalisation of its "unsustainable debt levels" otherwise it will become insolvent. The company, Premier Building Solutions, is one of the entities caught up in the long-running legal brawl between Mr Scaffidi and his estranged brother, Gino.
Bankruptcy Court hearing in Richmond, Virginia, adding that the company was well-stocked with the "latest and greatest" in toys. The Hayes Street Community Child Care building was bought by the council for a fraction of its value after the centre was declared bankrupt. Joint liquidators were appointed on 14 October; more than two decades after the Data Centre Technologies began operating, albeit under a number of trading names.
There were many interested parties in the auction, with four active bidders taking part. The company lost its founder and managing director Frank Wilson in March and has been in a trading halt since May.
The Treasury is expected to release a widely anticipated review of the policy in the coming weeks, which was ordered by President Donald Trump in April. Three interconnected issues have it bogged down, which are in turn driving rapid change.
Severino Homes went into liquidation last week, months after reports of unfinished homes first surfaced.