List of Australian businesses collapsed, bankrupted, liquidated around GFC:
Some of them once were the darlings in Australian Stock Market.
Allco Finance Group, once the company had a market capitalization of more than $3.5 billion.
Babcock & Brown, the company once dubbed Macquarie Bank’s "Mini-Me" was worth $10 billion.
MFS, was once valued by the market at more than $3.2 billion.
Westpoint, the property group collapsed leading to investor losses of more than $300 million owed to 3500 investors.
Storm Financial, the financial planning business encouraged clients, many of whom were on relatively meager fixed incomes, to assume significant margin loans and invest in market based investment products, once market value $2.4 billion.
Bridgecorp, the property investment company costing 18,000 (mostly New Zealand based) investors more than $450 million.
ABC Learning Centres, once valued by the market at more than $4.5 billion, eventually collapsed under more than $3.5 billion in debt.
Timbercorp, the agribusiness company once capitalised at approximately $1 billion, hopelessly insolvent and left 14,000 Timbercorp shareholders have lost the entire value of their equity holdings.
Great Southern Plantations, another agribusiness operator, 43,000 grower investors lost more than $2 billion into its managed investment schemes.
Beechwood, the building company had left 300 home buyers with semi completed homes and 400 subcontractors owed upwards of $10 million.
Australian Discount Retail, the private equity owned retail chain collapsed owing more than $201 million.
Bill Express, was placed in administration with debts of more than $250 million, including a $50 million liability to ANZ.
Commander Communications, once boasted a market capitalisation of more than $600 million, collapsed after being unable to convince its banking syndicate to extend debt of $300 million, left empty handed approximately 3,000 small creditors.
Ventracor, once boasted a market worth of almost $1 billion collapsed and left 17,500 mostly small shareholders most likely lose their entire holdings.
Opes Prime, possibly the greatest debacle of all the corporate collapses, with more than 1,200 highly leveraged investors losing a significant portion of their security holdings when Opes collapsed, total loss of approximately $560 million.
Lift Capital, much like Opes Prime, once clients share portfolios is worth around $800 million, was placed in administration with debts of $650 million, leaving 1,600 clients lose around half of the value of their holdings.
Fincorp, raised $200 million from 800 investors, collapsed left secured creditors expected to receive 30 cents in the dollar, unsecured creditors expected to receive nothing.
Australian Capital Reserve, raised money from the public in the form of unsecured notes and loaned those funds to related parties to conduct property development, collapsed and owing $330 million to 7000 investors.
Chartwell, the Geelong based Ponzi scheme collapsed with debts of more than $50 million.