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ASIC disqualifies director for insolvent trading

A Sydney director whose companies owed creditors more than $3.1 million has been banned from managing companies for two years. ....

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Radio companies owed thousands as promoter goes into liquidation

Radio companies owed thousands as promoter goes into liquidation
A number of radio companies are owed money as promotions and event planning business, Abstract Entertainment enters liquidation.
The promoter and event planning business owes close to $700,000 to 95 individual creditors spanning radio networks, ticketing companies, musicians, venues and promoters.
Its related entity, Abstract Touring, is still trading, and recently announced the Belinda Carlisle Tour of Australia for February 2022.
Abstract Entertainment largely blamed COVID-19 for its deteriorating financial performance and position which led to the self-imposed wind up.
Australian Radio Network (ARN) is owed $32,338.80, Nine Radio is down $23,716, and Southern Cross Austereo (SCA) $15,247.10. ....

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Fly365 liquidators point creditors to airlines for refunds, as probe continues into company directors – Travel Weekly

Huntley Mitchell
22 Feb
2021
Liquidators of collapsed online travel agency Fly365 have recommended creditors seeking customer refunds contact their flight provider directly.
In an update issued to creditors earlier this month, joint liquidator Ian Niccol of Aston Chace Group said that, following a “thorough” examination of the available resources, likely costs and legal implications, a court application seeking permission to directly facilitate creditor refunds “would be unlikely to succeed”.
For inquiries relating to refund/credit entitlements requested on or after 20 February 2020 (the date that Fly365 was liquidated), Niccol recommended creditors directly refer to their flight provider, with refunds to be remitted directly to the customer. ....

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