Friday, 28 February, 2014 - 15:36
Insolvency firms to merge
Experienced insolvency practitioner Gary Anderson has agreed to merge his practice with Kim Wallman at HLB Mann Judd.
Kim Wallman specialises in insolvency and reconstruction involving all types of personal and corporate administrations. The past 27 years of experience have embraced a wide range of industries. In many cases, by necessity he has undertaken the tasks of restructuring companies whilst trading on, including implementation of day to day management controls and reporting systems to ensure the administrator’s policies are being adhered to. Additionally Mr Wallman is recognised for his ability to negotiate settlements in complex and difficult circumstances including the liaison with financiers, creditors, Government institutions and taxation authorities, to maximise the return to all stake holders.
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Experienced insolvency practitioner Gary Anderson has agreed to merge his practice with Kim Wallman at HLB Mann Judd.
EY partner Vince Smith has been appointed liquidator of six funds management companies associated with the late David Jones, following a successful court application by the Australian Securities and Investments Commission.
SPECIAL REPORT: WA’s economic slowdown hasn’t led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.
Rental, hiring and real estate services were among the industries that fared worst as external administrations jumped 14 per cent in Western Australia for the September quarter, as insolvency experts warn that an economic rebound has not yet clearly emerged.
Corporate administrations in Western Australia fell for the 2016-17 financial year, down by 5.2 per cent on the previous period, although a poor result for the three months to June suggests it is too early to call a recovery.
Osborne Park-based Barbaro Homes has entered liquidation, a week after it ceased operations.
Two businesses at Yagan Square have shut up shop in recent weeks, with warnings more may follow as tenants grapple with low foot traffic.
The rate of business failures in hospitality and retail during the past year should be ringing alarm bells for decision makers.
Outdoor sports retailer Mainpeak has gone into administration after the local brand suffered continued financial losses.
Industry peak body Fashion Council WA entered administration on Friday, four months after private business Perth Fashion Festival suffered the same fate.
Business insolvencies in April were at their lowest in almost a decade in Western Australia, suggesting emergency COVID-19 provisions for directors had a major impact.
One of the state’s largest building surveyors, John Massey Group, has been placed into liquidation after it warned an insurance impasse could hike up costs.
ANALYSIS: About 110 shops in central Perth sit empty after challenging years in retail, but some in the sector believe now is the time to make their move.
The number of businesses collapsing in Western Australia fell by almost half in the 2021 financial year, matching decreases across the country.
A Kalgoorlie-Boulder engineering company is believed to owe about $5.2 million to 195 creditors, with a Supreme Court ruling giving its liquidators the power to sell assets.
Industry watchdog Building and Energy says it has been investigating concerns regarding residential builder Flexible Homes, which went into liquidation this week.
Republic of Fremantle has called in administrators to restructure the urban distillery and bar business, after grappling with pandemic-induced delays and industry challenges.
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