The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP). The 20th meeting of the consolidated committee of creditors (CoC) of Videocon Industries Ltd and other 12 Videocon group companies, having a consolidated corporate insolvency resolution process, is scheduled to be held on Tuesday,…
NEW figures have revealed insolvency rates in the coastal town of Scarborough are the highest in the country. The shock statistics show rates in the North East, Yorkshire and the Humber and the North West are the worst in England and Wales. The insolvency trade body R3 says the statistics are a stark reminder of…
Insolvency reforms that will allow small businesses to restructure their debts or wind up their operations faster have now kicked in. Changes to Australias insolvency framework have been in effect since 1 January, allowing eligible businesses experiencing financial distress to access a new, simplified debt restructuring process, or enter into a new simplified liquidation pathwayto…
Whilst Australian businesses currently enjoy the financial comfort blankets provided by both the Governments COVID financial measures and an ATO approach to tax debts that is both forgiving and non-aggressive, it is inevitable that the financial tap will be turned off and the ATOs debt teams will Whilst Australian businesses currently enjoy the financial comfort…