Yesterday the Federal Court of Australia made Orders extending the convening period for the second meeting of the creditors of the companies pursuant to section 439A of the Corporations Act to 14 May 2019. The second meeting of creditors may now be held at any time during or within five business days after 14 May 2019.

The first meeting was held simultaneously across four locations: Sydney, Brisbane, Melbourne, and Perth at 2.30pm AEDT and concluded at 3.02pm AEDT. Only a few creditors and proxy-holders attended the meeting, with the majority of votes conducted on voting papers.

Worrells Solvency & Forensic Accountants’ Simon Cathro, Chris Cook, and Ivan Glavas announced they are now in a position as voluntary administrators to honour gift cards and e-vouchers. Worrells advises that such decisions in a company trade on is a discretionary and critical matter to uphold creditor’s best interests during the voluntary administration process, under the Corporations Act 2001. The Australian Competition & Consumer Commission’s (ACCC) website also outline consumer rights during these appointments, in several scenarios, including gift cards.

Today marks the beginning of the restructuring phase of the administration by right sizing the store profile and presence, Australia-wide. Worrells over the weekend undertook an assessment of each store’s performance and positioning in its current market environment and is now complete. The administrators state that these steps are critical to ensure the business is saleable.

All stores nationally were closed yesterday by the administrators for a full stocktake instore and online. Today, all 56 stores threw open their doors for an unprecedented, 30 percent off storewide and online. Just halfway through Friday trade, the Napoleon Perdis point-of-sale systems and e-commerce platform behind its website showed the strategic sale is off to a stunning start.

On 31 January 2019, the directors of Napoleon Perdis Group appointed Simon Cathro, Chris Cook, and Ivan Glavas of Worrells Solvency Accountants as voluntary administrators. All stores are continuing to trade as at the appointment date.

RemPak Pty Ltd entered into voluntary administration on 17 January 2019. Aaron Lucan and Graeme Beattie, Partners of Worrells Solvency and Forensic Accountants NSW & ACT, have been appointed as the Administrators. Aaron Lucan and Graeme Beattie were also appointed Voluntary Administrators of Remapak Forwarding Pty Ltd and RemaPak Plastic Pty Ltd.

The Dubbo Railway Bowling Club Ltd, trading as Sporties Dubbo, entered into voluntary administration on 15 November 2018. Aaron Lucan and Graeme Beattie, Partners of Worrells Solvency and Forensic Accountants NSW & ACT, have been appointed as the Administrators.

The Joint Administrator of Foodora Australia Pty Limited (Administrators Appointed), Mr. Simon Cathro, confirms that at the meeting of creditors held today, creditors present voted to accept the Deed of Company Arrangement (DOCA) proposal.

Worrells consider that the Cairns region is an important economic hub with its tourism and primary production industries contributing substantial growth and possibilities to the region, Queensland and nationally. As insolvency practitioners, Worrells know their insights make them best placed to help all stakeholders involved be guided and supported through all phases of business cycles and environments.

foodora Australia Pty Ltd have appointed Simon Cathro and Ivan Glavas of Worrells Solvency and Forensic Accountants as Voluntary Administrators, effective immediately.

Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Logan office. The office will be headed up by partner, Chris Cook alongside Hanzel Hizola at M1 Business Centre at Suite 2, 3972 Pacific Highway Loganholme. The office opens on 1 August 2018.

On 28 June 2018 the owners of ‘Life with Bird Pty Ltd (Liquidator Appointed)’ and ‘LWB Enterprises Pty Ltd (Liquidator Appointed)’, trading as: “LIFEwithBIRD” resolved to appoint Matthew Kucianski of Worrells Solvency & Forensic Accountants as liquidator.

On 11 April 2018, Morgan Lane of Worrells Solvency and Forensic Accountants was appointed administrator of Jeygar Investments Pty Ltd trading as Good Real Estate, in Gladstone.

On 2 April 2018, Morgan Lane of Worrells Solvency and Forensic Accountants was appointed, via a creditors’ voluntary liquidation to Kezra Pty Ltd trading as Michel's Patisserie Yeppoon Central.

On 23 March 2018, Ivan Glavas and Matthew Jess of Worrells Solvency and Forensic Accountants were appointed voluntary administrators of Project Group Construction Pty Ltd. The company operates as a residential and commercial builder in Melbourne.

On 19 March 2018, Raj Khatri of Worrells Solvency and Forensic Accountants was appointed, via debtor’s petition as trustee of Damian Griffiths’ bankrupt estate.

Runtong Investment and Development Pty Ltd, which is behind the $117 million Datong U2 apartment complex in Waymouth Street, has appointed Nick Cooper and Dominic Cantone of Worrells Solvency and Forensic Accountants as voluntary administrators.

Worrells NSW and ACT are proud to announce its partnership with Golf NSW. Worrells has entered into a one-year partnership, which complements its existing sponsorship arrangement with Clubs NSW and underlines Worrells’ approach of being “resourced nationally, focused locally”.

Worrells Solvency & Forensic Accountants has released its third edition of The Worrells Insolvency Report. Their Report aims to show the extent and reach of insolvency, in all its forms, across Australia. By crunching the data, and adding anecdotal insight to the numbers, Worrells hopes it helps to soften the perception and judgement on debt issues.

Custom Bus Australia Pty Limited and Custom Bus Holdings Pty Limited entered in to Voluntary Administration on Thursday 18 January 2018. Partners Simon Cathro and Aaron Lucan of Worrells Solvency & Forensic NSW & ACT have been appointed as the administrators.

On 11 January 2018, the directors of the Gidget Retro Teardrop Camper Pty Ltd appointed Lee Crosthwaite and Chris Cook of Worrells Solvency & Forensic Accountants as voluntary administrators.

Today, a meeting of creditors of Sandgate R.S.L. Memorial Club Inc (trading as Club Sandgate) appointed Raj Khatri and Morgan Lane of Worrells Solvency & Forensic Accountants (Worrells) as liquidators of the Club.

On 28 November 2017, the members of Comet Training Pty Ltd appointed Christopher Darin and Simon Cathro of Worrells Solvency and Forensic Accountants as liquidators in a members’ voluntary winding up.

On 4 September 2017, the director of Medifield Pty Ltd appointed Dane Hammond of Worrells Solvency & Forensic Accountants as voluntary administrator of Medifield Pty Ltd, trading as Gladstone Valley Medical Centre & Calliope Medical Centre (Medical Centres).

The second meeting of creditors for the nine companies that form the ‘Bubs Baby Shops Group’ was held today. No Deed of Company Arrangement was proposed, and creditors resolved to appoint Worrells’ voluntary administrators as liquidators of the companies.

The first meeting of creditors for the nine companies that form the ‘Bubs Baby Shops Group’ was held today. Worrells Solvency & Forensic Accountants’ Simon Cathro and Chris Cook were appointed to the Bubs Baby Shops Group on 17 August 2017.

On 17 August 2017, the directors of the Bubs Baby Shops Pty Ltd and associated entities appointed Simon Cathro and Chris Cook of Worrells Solvency & Forensic Accountants as voluntary administrators. Numerous parties are affected by the voluntary administration including suppliers, who have supplied their stock under a myriad of security provisions; the landlords of each of the eight Bubs Baby Shops and warehouses; trade creditors, the employees of businesses, and customers.

Worrells, a national insolvency firm, explain how insolvency practitioners can help small-to-medium enterprises in response to Suncorp’s SME vs ME Report, which revealed almost two-thirds of small business owners’ wellbeing is suffering because their business and personal affairs were too intermingled.

Worrells announce the appointment of three new partners in the Worrells Group, effective 1 July 2017.

On 11 January 2017, the board of the CQ Leagues Club Limited appointed Morgan Lane and Paul Nogueira of Worrells Solvency & Forensic Accountants as voluntary administrators. Investigations into reasons for the Club's insolvency are underway and a report to creditors will be issued in due course.

Worrells are not appointed in any capacity to the above company or associated entities. Worrells, however, advocate that businesses that have agreements in place with the company/businesses, and assets under lease or security, should obtain independent advice promptly. While the season break allows some pressure alleviated from associated trade, under the various insolvency appointments, the critical meeting dates are looming, with the first creditors meeting held for the voluntary administration appointment is 5 January 2017.

Morgan Lane and Michael Peldan, partners Worrells Brisbane were appointed liquidators of Australian Commercial Publishing Pty Ltd (trading as Australian Property Investor) on 20 December 2016 pursuant to a creditors' voluntary liquidation by its director. Worrells are calling for expressions of interest for the sale of the intellectual property. Expressions of interest close on 16 January 2017.

The Voluntary Administrators of FFC, Paul Burness and Con Kokkinos of Worrells Solvency and Forensic Accountants, have now finalised their formal report and have called a meeting of all FFC’s creditors for the morning of 3 October 2016. At that meeting, the fate of FFC will be decided by the club’s creditors.

On 26 August 2016 the board of the Frankston Football Club Inc resolved to appoint Paul Burness and Con Kokkinos of Worrells Solvency & Forensic Accountants as Voluntary Administrators.

The Worrells Partners made a submission to The Treasury in response to its Proposals Paper: Improving bankruptcy and insolvency laws April 2016.

Worrells Solvency & Forensic Accountants has released a new initiative with their inaugural The Worrells Insolvency Report 2014-15.

Worrells Solvency & Forensic Accountants continues to grow with the addition of a new partner, Simon Cathro, formerly a partner of a large accounting firm.

Worrells Solvency and Forensic Accountants partners, Morgan Lane, and Michael Griffin, were appointed by the court, as liquidators of the Indooroopilly Bowls Club Inc on 9 October 2014.

Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Lismore office.

Mr Nick Cooper, the Adelaide Partner with national solvency and forensic accountancy firm Worrells, said today the decision by Leane Electrical Pty Ltd to enter liquidation was a matter for its director.

The growth in the number of 24-hour gymnasiums in Adelaide is shaking up the fitness industry with less financially secure operators hitting the wall, an Adelaide insolvency expert has warned.

Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Rockhampton office. Their insolvency practice will be the only permanent office in the Rockhampton region.

Paul Burness and Con Kokkinos of Worrells Solvency & Forensic Accountants were appointed as voluntary liquidators of Shiva Yoga Inc on the 23rd April 2015 by resolution of the members.

Worrells Solvency & Forensic Accountants (Worrells) is excited to announce the opening of their new Geelong office. The office will be lead by Regional Manager, Scott Andersen, who brings a wealth of solvency and forensic accounting experience to the Region.

Aaron Lucan, partner of Worrells Solvency and Forensic Accountants, was appointed trustee of the bankrupt estate of Dolores Lavin on 19 February 2015.

Worrells Solvency and Forensic Accountants partners, Morgan Lane, and Michael Griffin, were appointed by the court, as liquidators of the Indooroopilly Bowls Club Inc on 9 October 2014.

Raj Khatri and Morgan Lane were appointed Voluntary Liquidators of Barlow’s Piping Pty Ltd on the 20th November 2014 pursuant to a resolution of the Board of Directors.

Nathan Deppeler and Paul Burness were appointed Voluntary Administrators of Macedon Grammar School Co-Op Ltd on 27th November 2014 pursuant to a resolution of the Board of Directors. Macedon Grammar School has been in operation since 1979.

Worrells Solvency & Forensic Accountants were appointed by the court, as liquidators of the Indooroopilly Bowls Club Inc on 9 October 2014. Morgan Lane and Michael Griffin, Partners in Worrells Brisbane are managing the liquidation, which is in its early days.

Adelaide’s insolvency industry is facing a major shake-up with national solvency and forensic accountancy firm Worrells expanding into South Australia.

Nathan Deppeler and Paul Burness of Worrells Solvency & Forensic Accountants were appointed Voluntary Liquidators by the members of the Eaglehawk Golf Club Inc. (Eaglehawk) on 10 December 2013.

Last month the Insolvency and Trustee Service Australia released the provisional personal insolvency activity statistics for 2012–13.

Worrells Solvency & Forensic Accountants (Worrells) has announced the opening of the new Worrells Toowoomba office. It will be the only insolvency practice to have staff regularly on site in the Toowoomba region so as to better serve the Darling Downs.

Christmas is suddenly brighter for former employees of a car dealer that left over 1000 car owners across Australia out of pocket and 53 full time staff out of a job when the company went into liquidation in July.

The business operating in Australia under the brand WEBUYANYCAR.COM.AU is separate from, and has no connection with, the business operating in the United Kingdom and internationally under the brand WEBUYANYCAR.COM.

The business operating in Australia under the brand WEBUYANYCAR.COM.AU is separate from, and has no connection with, the business operating in the United Kingdom and internationally under the brand WEBUYANYCAR.COM.

Worrells Solvency & Forensic Accountants (Worrells) and Ramsay Clout Insolvency and Forensic Accountants (Ramsay Clout) have today announced the merging of their respective firms to form the largest insolvency practice on the Sunshine Coast.