Tagged: insolvency
13 articles we've published with this tag.
Slater & Gordon and the Quindell deal that nearly ended the firmHow Slater & Gordon's 2015 UK acquisition of Quindell's professional services arm turned a listed law firm into a case study in corporate collapse.By Ray Petrakis
MFS/Octaviar: the Gold Coast collapse that unravelled a $2.5bn empireHow MFS Limited grew into a sprawling Gold Coast financial empire, then collapsed in 2008 into one of Australia's longest-running insolvency sagas.By Ray Petrakis
Centro Properties: the $18bn debt maturity that nearly ended it, and the court case on director dutyCentro Properties survived the GFC only just, undone by short-term debt and a balance-sheet reclassification error that produced one of Australia's landmark director-duty rulings.By Ray Petrakis
Bell Group: the collapse that spawned the longest litigation in Australian corporate historyAlan Bond's Bell Group fell in 1991. What followed was a banks-versus-liquidators legal war that consumed three decades, two jurisdictions and hundreds of millions in costs.By Ray Petrakis
Harris Scarfe: the accounting scandal that brought down a 150-year-old retailerHarris Scarfe traded through two world wars and the Depression before collapsing in 2001. The accounting fraud that accelerated its end took years of litigation to untangle.By Ray Petrakis
Compass Airlines: the low-cost challenger that crashed twiceIn the early 1990s, Compass Airlines twice tried to break the Ansett–Australian Airlines duopoly and twice ended in administration. Here's how it happened.By Ray Petrakis
One.Tel: how Australia's fourth-largest telco burned through a billion dollarsBacked by Packer and Murdoch interests, One.Tel collapsed in May 2001 with debts that ultimately ran to over a billion dollars. This is the story of how it happened.By Ray Petrakis
ABC Learning: how Eddy Groves built and broke the world's largest listed childcare companyEddy Groves turned a single Brisbane childcare centre into a listed empire spanning three continents. When the debt came due in 2008, 100,000 children faced losing their places overnight.By Ray Petrakis
Timbercorp and Great Southern: how the tax-driven agribusiness dream ended in ruinTwo ASX-listed giants sold Australians on tax-effective tree plantations and olive groves. When they collapsed in 2009, thousands of investors were left holding loans they could never repay.By Ray Petrakis
Ansett's 2001 collapse: the job losses, stranded passengers and the entitlements fightWhen Ansett grounded its fleet in September 2001, roughly 16,000 workers lost their jobs overnight. What followed was one of Australia's messiest corporate wind-downs.By Ray Petrakis
Opes Prime: how a stock-lending firm turned retail investors into unsecured creditors overnightIn March 2008, Opes Prime collapsed owing nearly $1 billion. The retail investors who thought they owned shares discovered they had signed them away. This is how it happened.By Ray Petrakis
Allco Finance Group: the leasing empire that GFC finished offAllco Finance Group collapsed in 2008 with debts in the billions. The related-party questions that followed were almost as complex as the structure itself.By Ray Petrakis
Babcock & Brown: the gearing machine that couldn't survive the GFCBabcock & Brown was Australia's second-largest investment bank at its peak. Then the debt that built the empire became the thing that destroyed it.By Ray Petrakis