BizPay in Receivership: Cathro & Partners Take the Helm

cathro

BizPay Hits Financial Turbulence, Enters Receivership with Cathro & Partners at the Fore.

BizPay Hits Financial Turbulence, Enters Receivership with Cathro & Partners at the Fore

BizPay, another buy now, pay later service provider, has encountered financial difficulties, culminating in its entry into receivership. Initially harboring ambitions of a $400 million stock market listing, BizPay offered invoice payment options primarily to small and medium-sized businesses. Jonathon Keenan and Peter Krejci from BRI Ferrier were initially appointed as administrators, seeking to restructure or sell the business. However, on November 29, a secured creditor moved the company into receivership, appointing Simon Cathro and David Mutton of Cathro & Partners as receivers. This turn of events marks a significant shift for BizPay, which had undergone substantial changes, including a workforce reduction and the resignation of its CEO, David Price, in July 2022.

Click here for the telecast – Buy now pay later provider in receivership (news.com.au)

Recovery of Outstanding Superannuation Guarantee Charge

The Superannuation Guarantee Charge (“SGC”) is the amount employers are required to pay in respect of their eligible employees when they fail to pay the required minimum to the nominated funds by the due date. SGC is comprised of superannuation shortfall amount, nominal interest and administration fee which becomes payable

Pre-appointment Sale Contracts & Trustee’s CGT obligations s254

I was recently appointed Bankruptcy Trustee to a matter which had to consider the recent case update to s254 of the Tax Act. Please refer to my previous article for more information Given the recent uncertainty, I obtained a private tax ruling to confirm my requirements as Trustee and whether

Insights on insolvency litigation and public examinations with Hannah Griffiths from Pinsent Masons

In this episode of The Cut, Simon Cathro speaks with Hannah Griffiths from Pinsent Masons. Their discussion provides valuable insights into the complexities of insolvency proceedings, the various types of claims available to liquidators, and the importance of thorough investigations in pursuing these claims. Hannah Griffiths is the head of