There are concerns former Victorian Liberal leader John Pesutto will be bankrupted after being ordered to pay costs of $2.3 million after losing his defamation battle with Moira Deeming.
You keep reading about voluntary administration, but do you know what it means?
Do you know what happens when a business enters voluntary administration? We asked an expert to explain in simple terms.
Topic:Explainer
Chairman reveals trigger for Booktopia's downfall as administrators tally up $60 million in outstanding debts
Publishers, authors and readers have growing concerns pre-orders made through Booktopia won't make it into customers' hands.
What the collapse of a major book retailer tells us about the state of Australian publishing
Booktopia's collapse has rocked an industry that was already financially on thin ice, so what will fill the giant hole left by its collapse?
Financial stress 'through the roof' as interest rate hikes come home to roost
Higher interest rates and rising rents are seeing a flood of calls and messages to the National Debt Hotline, mostly from younger people.
Olivia's small business failed and she's finding ways to deal with the financial impact
Self-professed "over-achiever" Olivia Franklin shares what she has learnt after being forced to move on from her failed dream, and the more than $100,000 worth of debt that has come with it.
Day surgeries cancelled and patients transferred as Melbourne private hospital enters voluntary administration
The 51-bed hospital in Melbourne's western suburbs had been open for just over a year before announcing its closure and the appointment of administrators.
Bonza staff futures remain in limbo as administrators given more time to find a buyer
The Federal Court grants an extension so the airline can try and avoid liquidation, meaning employees will remain stood down without pay and unable to accept other work for a further two months.
Bonza administrators tell creditors they are hopeful airline can be saved despite $116m debt
Administrators say up to 20 parties are interested in saving the embattled airline as large debts are revealed at the first creditors' meeting.
The mysterious man behind 777 Partners, the strange private equity firm that owns Bonza
Bonza's US private equity backers, 777 Partners, is fighting financial and legal fires around the world with its portfolio of budget airlines and financially struggling football clubs.
Little leg room, crowded aircraft and crammed lockers: Why budget airlines need to do more to survive
A number of strategic issues are blamed for Bonza entering voluntary administration, but some analysts argue it never stood a chance in the first place. Is there still a future where new budget airlines in Australia could thrive?
Topic:Explainer
April runs two beauty services — the high-end one is booming, the other struggling. It’s a microcosm of the economy
Australians are being told to brace for a tidal wave of small businesses going bust, and the job losses that may come with that.
Bonza doomed to failure from the start, just like so many Australian airlines before it
Bonza's collapse is merely the latest in a long history of failed Australian airline experiments, but it probably won't deter others from going in on a wing and a prayer.
The cracks in Australia's economy are starting to appear as business insolvencies hit record highs
Australia's economic cracks are widening, with a record number of businesses now under external administration and many heading for collapse under the weight of weak demand, rising costs and large tax debts.
As cameras followed him, a paedophile held up an item with his victim's name on it
With media cameras in position outside court, paedophile John Wayne Millwood pulled an item from his satchel bag. He held it in front of his face as he walked past. The item had his victim's name on it.
'Some days you do so bad you can't even pay staff' as falling demand collides with rising costs for restaurants and cafes
It might be a labour of love, but passion isn't paying the bills for thousands of cafes and restaurants who are struggling to stay in business amid rising costs and falling demand.
Montreal's Just For Laughs comedy festival cancels 2024 event and lays off majority of staff
The Canadian company that operates the festival has taken the extreme moves in order to avoid bankruptcy.
'Barbenheimer' not enough to save regional theatre chain from voluntary administration
Majestic Cinemas says a slump in film releases has forced it to enter voluntary administration this week despite record-grossing films last year.
Will Evergrande's liquidation have a contagion effect?
Should the liquidation of Evergrande mean a squeeze on Chinese lending, it will have enormous effect on the global economy – especially the Australian mining industry.
How Kirsty rebuilt her financial independence and credit rating after domestic violence and bankruptcy
Determined for a better life for her children, a regional South Australian woman has gone from bankrupt to home owner. Kirsty experienced financial abuse, and wants others to know it is possible to rebuild their lives.
Administrators say creditors voted to sell this famed Victorian gold mine, but the union disagrees
Creditors met to decide the future of Ballarat Gold Mine yesterday after 10 months under administration, but not everyone is in agreeance of what actually transpired.