APM Human Services is set to assume control of collapsed NDIS services provider Therapy Focus, after creditors approved a proposal that ensures they are repaid in full.
APM Human Services has emerged as the front runner to pull Therapy Focus out of administration after the insolvency practitioners' sales campaign attracted 64 interested bidders.
Administrators have taken control of one of the state's biggest disability therapy service providers and its 14 branches, as a sale of the business is urgently assessed.
Mineral Resources has been cleared to take control of Chris Ellison's brother's collapsed Resource Development Group, acquiring its subsidiaries in exchange for forgiving $160 million in debt.
Mineral Resources is prepared to forgive $160 million of debt as part of a deal to acquire the companies and assets of Chris Ellison's brother's collapsed Resource Development Group.
Mineral Resources will front up to $14.5 million to fund the administration of Chris Ellison's brother's collapsed Resource Development Group, after putting brakes on funding last month.
The long-running process of winding-up companies associated with former mining high-flyer Michael Fotios has progressed after a debtors' deed for Delta Resource Management was approved.
Today's board moves wrap includes KeCheng Cai, Apple Paget, Shelley Robertson, Mona Gill, Phil McKeiver, George Terpens, Louisa Ho, Rob Brauer, Jason Preston, Rob Kirman and Katie Jackson.
Barramundi farm operator Marine Produce Australia has received help from a Tasmania-based company to continue trading after exhausting funds, including from NAB.
Liquidators of Chris Marco's property are seeking repayment from several people and a company they believe received funds from the unregistered investment scheme.
Perth recruitment business GO2 Group has received a $3 million loan to continue its operations and potentially avoid layoffs after entering into voluntary administration.
Perth-based recruitment business The GO2 People has entered into administration amid liabilities to Australian Taxation Office of more than $3 million and a legal dispute with a client.
ASX company M8 Sustainable has been placed into voluntary administration after being overwhelmed by growing debts and lack of cash flow into the business.
The Federal Court in Perth has approved the appointment of interim receivers to the property of Chris Marco, who the corporate watchdog has accused of running a large Ponzi scheme that is deeply in the red.
Aloha Surfhouse has been bought by a company connected to local fashion industry personality Natasha Marshall-Donnelly, after the Joondalup-based indoor wave park entered administration in July.
The sale of RCR Tomlinson's Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.
