Openpay Enters Liquidation: Cathro & Partners Appointed as Liquidators

cathro

Major Buy Now, Pay Later Firm Openpay Faces Liquidation After Financial Collapse.

Major Buy Now, Pay Later Firm Openpay Faces Liquidation After Financial Collapse

Openpay, a major player in the buy now, pay later market, has entered liquidation following its collapse earlier this year. The company, which had accrued more than $66.1 million in debts to creditors and owed significant amounts in unpaid wages, struggled to find a buyer or secure recapitalization. Simon Cathro and Declan Lane of Cathro & Partners have been appointed as liquidators and administrators to manage the winding-up process. This development marks a significant turn in the fortunes of Openpay, which had listed on the ASX in 2019 but failed to achieve profitability since its stock market debut.

Click here for the telecast – Buy now pay later company Openpay has gone into liquidation following its collapse earlier this year. | news.com.au — Australia’s leading news site

Insights into Growing a Professional Practice

Building a successful practice demands more than technical skill—it calls for relentless commitment, strategic mindset shifts, and the courage to delegate. In this episode of The Cut, host Andrew Blundell sits down with Nick Hitchens, founder of Hitch Advisory, to trace his rise from managing distressed pub sales to advising

Stamford Capital on the current lending and property market

Commercial Property Finance: A renewed sense of optimism After several years of turbulence, the commercial property finance market has entered 2025 with renewed, if cautious, optimism. The economic headwinds of recent years, including rising interest rates, global instability and shifts in asset class performance, prompted many investors and developers to

Meet Chris Bergin – New Principal at Cathro & Partners, Melbourne

We’re pleased to welcome Chris Bergin to Cathro & Partners. Joining the team in February 2025, Chris brings with him 18 years of experience across a broad spectrum of corporate and personal insolvency matters. His background includes work in voluntary administration, receiverships, liquidations, safe harbour advisory, and complex restructuring assignments.