The Australian arm of US restaurant chain Hooters has been placed in liquidation.
The Hooters chain in Australia had restaurants in Parramatta, Cronulla and Mermaid Beach. Continue reading
Tag Archives: corporate insolvency
ATO responsible for 7% of company liquidations
THE tax office is winding up and bankrupting thousands of self-employed workers and small businesses instead of restructuring their tax debts.
The Australian Taxation Office admitted it was responsible for 2 per cent of bankruptcies and 7 per cent of all company wind-ups in the last financial year. Continue reading
Director banned from managing corporations for 5 years
ASIC has disqualified property developer and shoe wholesaler Mr John Georgiadis, 49, of Mansfield Queensland from managing corporations for a maximum period of five years. Continue reading
New ASIC insolvency portal
ASIC has just launched a new online insolvency portal specifically designed to meet the needs of stakeholders likely to be impacted by corporate insolvency. The portal is part of ASIC’s response to the increasing number of companies experiencing financial difficulty, or becoming insolvent, in the current economic environment. Continue reading
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