Liquidators of Andrew Donnelly-linked Profounder Turfmaster have been cleared to enter into a funding agreement as they navigate the company's estimated $3.7 million debt.
Insolvency practitioners have taken control of Margaret River wine producer Tate Wine, the latest local alcoholic beverage maker to buckle under industry headwinds.
Creditor claims of more than $740 million have piled up against the taxpayer-backed East Rockingham waste-to-energy plant, including from Acciona and National Australia Bank.
The East Rockingham Waste to Energy plant has been handed over to administrators and receivers with an eye to sell the nearly completed project, which remains embroiled in a legal dispute.
The Federal Court has approved a six-month extension sought by administrators of collapsed miner Panoramic Resources as they examine the dozens of expressions of interest to buy.
Swedish multinational Epiroc has bolstered its ranking as one of WA's largest mining services companies, after coming to the rescue of local manufacturer Schramm and saving 80 jobs in the process.
Drilling and equipment supplier Schramm Group has brought in voluntary administrators less than two weeks after an employee was fatally injured at the company's workshop in Welshpool.
Our weekly appointments wrap includes Nicky Long, Rebecca Adam, Matthew Beattie, Timothy Murray, Navin Gupta, Chris Robertson, Grace Mugabe, Hayden White, Jennifer Lawrence and Craig Gouws.
Receivers have been appointed to Salt Lake Potash after the embattled business was unable to repay creditors and raise further funds needed for its Lake Way project in the Goldfields.
The man at the centre of a $126 million alleged betting scandal has been placed in bankruptcy by the Federal Court, forced to represent himself amid what he described as a “media frenzy”.
The liquidators of Brierty have launched Supreme Court action to recover millions of dollars from 12 companies they claim received payments while the civil and mining contractor was insolvent.
Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, which it expects to operate early next year. The sale comes five months after Berrington went into administration.
Fifteen businesses have expressed an interest in buying Berrington Care Group, an aged care provider which went into administration earlier this month, while residents consider options for nearly $125 million of deposits.
King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.
ASX-listed AnaeCo has gone into administration after Monadelphous Group terminated an $11.5 million contract with the waste technology company and a Chinese enterprise.
Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.
Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work.
Uranium miner Paladin Energy, which at its peak was one of WA's most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $US277 million ($A370 million) debt.
The Federal Court has granted the corporate watchdog's request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.
The corporate regulator has asked the Federal Court to appoint representatives of KPMG as liquidators of several subsidiaries of Pilbara-based property developer Macro Group.
