Assignment task:
Ashton Chirac is a French pastry chef known for his award-winning croissants and baguettes, and for his numerous cookbooks. Recently, questions have been raised about his business structure, the solvency of his companies and his obligations as a company director. In June 2023, Mr Chirac's main company, Black Rock Patisserie Pty Ltd ("Black Rock Patisserie") went into voluntary administration. Two other related companies that were part of Mr Chirac's restaurant group in Melbourne and Sydney also went into voluntary administration. Black Rock Patisserie operated a French cafe in Melbourne's South Yarra, under the name "The French". According to a Good Food Guide article from 2022, The French "upends the traditional cafe concept for a multi-course experience delivered one bite at a time, degustation-style" with $65 and $85 menus. Mr Chirac is the sole director, secretary, and shareholder of Black Rock Patisserie. The administrators, DW Advisory's Lola Smart and Rose Clarke, have pointed out that Black Rock Patisserie accumulated $1.2 million worth of trading losses since January 2022, and that since mid2022 it has been paying rent irregularly, and has often missed rent payments. They note the company appears to have had insufficient working capital since the 2022 financial year to