by PSC Trade Credit Risk | Dec 3, 2019 | Blog
The company behind famous retail brands Australian Geographic and the Co-op Bookshop has entered voluntary administration owing more than $15 million to toy sellers and publishers. The administrators confirmed they were investigating payments made to a major supplier...
by PSC Trade Credit Risk | Nov 21, 2019 | Blog
A national restaurant institution has called in administrators with some staff told several locations will not open its doors again. Italian chain Criniti’s is the latest hospitality institution to fall victim to the weak economy and crippled consumer spending after...
by PSC Trade Credit Risk | Nov 21, 2019 | Blog
The Victorian Government has proposed tough laws that will act on deterring illegal “phoenix activity” – where construction firms declare bankruptcy as a way out of trouble before restarting as a new entity and continuing to trade. Expanded powers will be given to the...
by PSC Trade Credit Risk | Aug 1, 2019 | Blog
One of Sydney’s largest property developers, Ralan Group, has entered into voluntary administration, leaving billions of dollars worth of apartment projects in doubt and around $500 million owing to creditors. Administrators Grant Thornton said they would...
by PSC Trade Credit Risk | Jul 30, 2019 | Blog
In relation to builders who closed their doors to avoid cladding-related claims, Premier Daniel Andrews has stated that legislative changes would take time and that changes in anti-phoenixing laws were up to the federal government. State legislative changes would...
by PSC Trade Credit Risk | Jan 31, 2019 | Blog
Australian cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk . Company directors had been trying to find a buyer for months, but Administrators will now consider restructuring or pursuing the sale...
