Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Leadership

“DepressioNet” Forced to Close Its Doors


Thursday, 11th March 2010 at 1:58 pm
Staff Reporter
EXCLUSIVE | The Australian internet-based depression service, DepressioNet has been forced to close its doors due to legal proceedings against it.

Thursday, 11th March 2010
at 1:58 pm
Staff Reporter


1 Comments


FREE SOCIAL
SECTOR NEWS

 Print
“DepressioNet” Forced to Close Its Doors
Thursday, 11th March 2010 at 1:58 pm

DepressioNet, an online resource for people living with depression, was been forced to close its doors on Tuesday due to the perceived costly implications of legal action being taken against the Not for Profit.

DepressioNet sent out a notice to all its supporters on Thursday (11/03) saying the organisation had been placed into Voluntary Administration due to legal proceedings.

It says the administrators, chartered accountants PKF, had spent the previous 24 hours trying to negotiate with the claimant but they were unsuccessful forcing DepressioNet to close its doors.

The organisation says although it was in a strong financial position it has an ethical commitment and responsibility to all its donors that all funds donated are used solely to benefit people impacted by depression across Australia.

DepressioNet says it will not use these funds to pay out a claimant or future legal fees and that is the reason for the closure. As well all recurring donations have been cancelled.

DepressioNet CEO, Terry Houguet-Pincham told friends and colleagues on the social networking site, Facebook that he was incredibly sad the organisation has closed. He lamented that he was unemployed and looking for a new job.

A spokesperson for PKF said she could not give any details about the legal action and that as administrators they would be in contact with any creditors in the near future.

The DepressioNet website and 24 hour service was created in June 2000 to provide a comprehensive resource place for people living with depression to come for all their information, help and support needs. Within 6 months, and without any active promotion, the DepressioNet website became the most visited Australian Health & Medical information website.

It was designed to fill a vital need for people with depression to be able to communicate anonymously with others who know first hand the challenges of depression. 



FEATURED SUPPLIERS


Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

...


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

DepressioNet Revival

Staff Reporter

Thursday, 25th March 2010 at 3:58 pm

Sacked DepressioNet Employees Urged to Join Creditors Meeting

Staff Reporter

Thursday, 18th March 2010 at 3:58 pm

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Adelaide at the Vanguard of Ending Street Homelessness Globally

Wendy Williams

Tuesday, 21st November 2017 at 8:43 am

One Comment

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!