In total 3,156 companies within the construction sector were declared insolventin 2018, up 13% from 2017, according to solicitor Nocklods. It is the highest level of insolvencies recorded since 2015. While the research shows strong demand from first time buyers has supported house builders, civil engineering businesses were deemed to be struggling. Sixty civil engineering…
The Australian grown cosmetics empire Napoleon Perdis Group has gone into voluntary administration putting jobs and 56 local stores at risk. Company directors had been trying to find a buyer for months. Administrators Simon Cathro, Chris Cook, and Ivan Glavas of Worrells Solvency Accountants will now consider a restructure or pursue the sale option while…
Youve probably seen the advertisements for services that promise to help get you out of crippling debt and bring an end to the nightmare of frightening calls and bankruptcy threats. The reality is that almost anyone can start one of these debt management firms, with little-to-no financial services experience and no regulatory oversight. And in…
The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the December quarter 2018. New personal insolvencies fell in most capital cities in the December quarter 2018 compared to the previous quarter. The exceptions were Greater Darwin and Greater Hobart. December quarter 2018 regional personal insolvencies state by state The Greater Sydney regions…
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NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. Danske Bank A/S (OTCMKTS: DNKEY)Class…
A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender. The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a…
SAP employees in Australia are facing an uncertain future with their employment after the business software giant announced it is cutting 4,400 jobs worldwide as part of its restructuring. In its quarterly markets statement, SAP revealed plans to reduce its global workforce as the company transitions from a traditional software delivery to a more cloud-based…
CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum (NYSE:UNM) is offering a new benefit to help its employees tackle student debt. Starting next year, U.S. employees can transfer carry-over paid time off (PTO) into a payment against student debt through the Student Debt Relief Program, managed by financial services provider Fidelity Investments. Click to tweet. Many people face the challenge…
A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender. The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a…