The West of England could see a steep rise in the number of corporate insolvencies this winter, a restructuring trade body is warning. According to research from R3, there could be an increase as early as October. The member survey of UK insolvency and restructuring professionals, found an overwhelming majority (93.7%) of respondents believed there…
LIQUIDATION documents of the company trading as The Edge Bar and Restaurant, which previously operated from Rockhamptons riverbank, have revealed the company may have been doomed from the beginning as it immediately traded at a loss. The liquidation has blown out to more than $2.5 million with a meeting of creditors to be held next…
Fri 14 August 2020 – 6:27 am News By Guest Author Government measures to prop up zombie businesses through the pandemic could actually be harming Australian small businesses, with new data showing company wind-ups have all but ceased in the past quarter. Prushka Fast Debt Recovery revealed through data sourced from court records that the…
(Bloomberg) — Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly reviewfollowing the collapse of the payments company amid allegations of accounting fraud. The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favored immediate removal of bankrupt companies…