AXL Entities Creditors’ Trust

Case studies

AXL Entities Creditors’ Trust


Case information

Appointment type:

Creditors’ Trust

Appointment date:

19 September 2019 

Appointees:

Sal Algeri, Glen Kanevsky

Office:

Melbourne

Enquiries:

General enquiries
T: +61 2 9322 5526
Email

Media enquiries
Simon Rushton
Tel: +61 2 9322 5562
Email
 

URL:

www.deloitte.com/au/acn603323182

 

Related links

ASIC
Insolvency information sheets

Help for workers who have recently lost their jobs
Job Services Australia publication

Taking care of yourself after retrenchment or financial loss
Beyond Blue publication

Background information 

Sal Algeri, Glen Kanevsky and Vaughan Strawbridge were appointed as Voluntary Administrators on 7 April 2019 to the following companies:

  • Axsesstoday Limited, ACN 603 323 182
  • ACN 603 303 126 Pty Ltd, ACN 603 303 126
  • Axsesstoday Operations Pty Ltd, ACN 604 340 785
  • Axsesstoday Retail Pty Ltd, ACN 161 130 696
    (the AXL Group)

They were subsequently appointed as Deed Administrators on 3 September 2019. The Deeds of Company Arrangement have since been finalised and the entities are operating under new owners and directors.

The AXL Entities Creditors’ Trust was created on 19 September 2019 for the purpose of administering a distribution to eligible creditors who were owed money by the AXL Group prior to 7 April 2019. Sal Algeri and Glen Kanevsky are the Trustees of the Trust.

Further information can be found in the reports and circulars below.

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