Australian Fashion Labels has emerged from voluntary administration, the business has posted to its social media accounts. The business has been purchased by a new owner, the identity of which is being sought out byRagtraderat the time of writing. As reported by Ragtrader, Australian Fashion Labelswas placed into administration on January 06 with $12 million…
THE NUMBER of restaurant bankruptcies rose sharply at the end of February in Finland, reports Asiakastieto. The Finnish provider of business and consumer information reported yesterday that 14 restaurants were declared bankrupt between 22 and 28 February. Although the number is high in comparison to previous weeks, the number of bankruptcies in the first eight…
Queensland’s three-year run as the nation’s bankruptcy capital has continued with damning new figures revealing the significant number of people facing financial distress. In the 2020 calendar year, 4458 personal bankruptcies were recorded in Queensland ahead of 4413 in NSW. Victoria – which was locked down for four months – recorded 2724 personal insolvencies. In…