Traveland, Australia's largest travel agency network, is in bankruptcy for the second time in less than three months, and its overseers have closed its 100 company-owned locations while seeking to restructure it as a franchise chain.

http://www.twcrossroads.com/news/newswrapper.asp?ArticleID=30171

The actions of ten directors of the failed Traveland travel group are likely to be examined in relation to insolvent trading, according to a report by Hall Chadwick partner Richard Albarran.

http://www.smh.com.au/news/0112/17/biztech/biztech1.html