Tagged: insolvency
13 articles we've published with this tag.
Slater & Gordon and the Quindell deal that nearly ended itThe Quindell deal turned Slater & Gordon from a pioneering listed law firm into a case study in acquisition-led corporate collapse. Here is how it unfolded.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 collapse: the debt and the court caseThe Centro Properties collapse came from short-term debt and a misclassified balance sheet, and produced a landmark Australian ruling on director duty.By Ray Petrakis
Bell Group litigation: Australia's longest corporate fightThe Bell Group litigation began with Alan Bond's 1991 collapse and ran for decades, pitting liquidators against banks across courts and parliaments.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 collapse: how a telco burned through a billionThe One.Tel collapse in May 2001 left debts that ran past a billion dollars. Here is how Packer and Murdoch money, weak oversight and rapid spending met.By Ray Petrakis
ABC Learning collapse: how Eddy Groves built and broke itThe ABC Learning collapse left 100,000 children facing lost places. How Eddy Groves built a listed childcare empire on debt and how it fell apart.By Ray Petrakis
Timbercorp and Great Southern: the agribusiness MIS collapseTimbercorp and Great Southern sold tax-driven plantations and olive groves, then collapsed in 2009, leaving about 65,000 investors with loans.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 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