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Latest news: Financially Distressed Company

Star's chips down as $940m debt deal comes off table

Star's chips down as $940m debt deal comes off table

Embattled casino giant Star Entertainment is back on the brink of collapse after a refinancing deal fell through, but talks with a US casino giant continue.

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

More than 250 outlets of two leading retail chains will close, costing nearly 1000 jobs, after receivers failed to find a buyer for the stores.

Rivers' stores to close after no buyer found

Rivers' stores to close after no buyer found

Rivers' stores to close after no buyer found

Rivers' stores to close after no buyer found

Iconic clothing and footwear brand Rivers will close its doors after more than 40 years, after failing to find a buyer.

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Star shares hit the skids as survival odds take a blow

Star shares hit the skids as survival odds take a blow

Shares are down seven per cent at Star after the embattled casino company warned of "material uncertainty" about its ability to continue.

More time to win buyers for made-over 'Rex 2.0' airline

More time to win buyers for made-over 'Rex 2.0' airline

Moves to make regional airline Rex more commercially desirable have been flagged as administrators struggle to find a buyer to keep the company afloat.

Fight to save jobs as The Star's casino empire teeters

Fight to save jobs as The Star's casino empire teeters

Star Entertainment's financial woes have fuelled concerns for the future of thousands of casino jobs.

Flights guaranteed for regional Rex Airlines customers

Flights guaranteed for regional Rex Airlines customers

The federal government has guaranteed bookings on Rex Airlines as it goes through the administration process, as sacked workers call for their entitlements.

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Asset sale launched as administrators try to save Rex

Asset sale launched as administrators try to save Rex

Asset sale launched as administrators try to save Rex

Asset sale launched as administrators try to save Rex

An asset sale program has been launched at troubled regional airline Rex in a desperate bid to keen the heavily indebted carrier flying .

Buyers hover as administrators plot course to save Rex

Buyers hover as administrators plot course to save Rex

Buyers hover as administrators plot course to save Rex

Buyers hover as administrators plot course to save Rex

Embattled Rex has received significant interest from potential buyers, administrators say, as the regional carrier battles to stay in the air.

Advisors called in as taxpayer bailout weighed for Rex

Advisors called in as taxpayer bailout weighed for Rex

Advisors called in as taxpayer bailout weighed for Rex

Advisors called in as taxpayer bailout weighed for Rex

The federal government has engaged three external consultants as it considers its options in coming to the aid of cash-strapped regional carrier Rex.

PM downplays airline duopoly as Rex waits for lifeline

PM downplays airline duopoly as Rex waits for lifeline

PM downplays airline duopoly as Rex waits for lifeline

PM downplays airline duopoly as Rex waits for lifeline

A competition tsar has taken issue with the prime minister's suggestion that regional airline Rex engineered its own demise by targeting capital-city routes.

Opposition leader can't run state after claim: premier

Opposition leader can't run state after claim: premier

Opposition leader can't run state after claim: premier

Opposition leader can't run state after claim: premier

The Queensland premier says the opposition leader is not fit for the top job after liquidators claimed he led a company that may have been trading insolvent.

Struggling online bookseller Booktopia collapses

Struggling online bookseller Booktopia collapses

Struggling online bookseller Booktopia collapses

Struggling online bookseller Booktopia collapses

Online bookstore Booktopia has entered voluntary administration after being unable to line up additional financing to sustain its loss-making operations.

Bonza reaches end of tarmac as budget carrier wound up

Bonza reaches end of tarmac as budget carrier wound up

Bonza reaches end of tarmac as budget carrier wound up

Bonza reaches end of tarmac as budget carrier wound up

Creditors have voted to liquidate embattled airline Bonza with more than $110 million believed to be owed to creditors, workers, landlords and the tax office.

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Air Vanuatu cancels Australian flights amid cash woes

The national airline of Vanuatu has cancelled all its flights to and from Sydney and Brisbane for the rest of the week amid reports of financial difficulties.

No bailout for Bonza as more than 300 staff stood down

Passengers and more than 300 staff are in limbo after administrators grounded Bonza's planes, with the government rejecting a bailout for the penniless airline.

Rivals offer parachute for Bonza staff after collapse

Australia's major airlines have thrown Bonza workers a lifeline after their employer collapsed into voluntary administration.

Rugby's cash-strapped Rebels vow to fight for survival

In voluntary administration, the embattled Melbourne Rebels feel their off-field challenges will galvanise the players as they fight for Super Rugby survival.

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Customers lose thousands in scams due to telco failures

Telecommunications company Medion has been fined $260,000 after failing to comply with customer ID rules that caused users to lose tens of thousands of dollars.

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