The liquidators of failed adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, have taken a $1.45 million hit on the sale of a country property bought using company funds by the startup’s now bankrupt founder, David Fairfull.
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In this episode of The Cut, Simon Cathro speaks with Keiran Breckenridge and Jonathon Turner from Lander & Rogers about secured creditors and receiverships, a topic not covered in previous episodes Jonathan Turner is a partner at Landers and Rogers, specialising in corporate restructuring, insolvency, and finance. He joined the
Running a commercial enterprise, such as a company comes with numerous responsibilities, but one of the most critical—often overlooked—is maintaining accurate and complete business records. In Australia, directors are legally required to ensure their companies keep financial and corporate records that are clear, organized, and up-to-date. Failing to do so
When a company enters liquidation, the liquidation process is overseen by a liquidator. One of the key responsibilities of the liquidator is to manage the distribution of the company’s assets to its creditors. This process is referred to as the “dividend to creditors” and is crucial in ensuring that creditors
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