Updated Jun 19, 2023 7.42am, first published at Jun 18, 2023 7.00pm Key Points A deal would ramp up the restructuring taking place at the big end of Australias electricity and gas sector; Origin is the subject of an $18.4b takeover bid from North American suitors led by Brookfield; AGL is regrouping after a failed…
Rockport Group has filed for bankruptcy under Chapter 11 in the District of Delaware. Rockport is sold through a number of Australian retailers including The Athlete’s Foot and Mathers. The US-based footwear company has confirmed it will operate business as usual as it undergoes voluntary restructuring. As part of the case, Rockport also intends to file…
Mr Mookhey will announce in an economic statement to parliament tomorrow that the current method of reporting the NGF Debt Retirement Funds (DRF) impact on the Budget result will be revised to improve transparency. The Treasurer will also reveal that he is seeking advice on the funds further operations ahead of the September Budget. Mr…
A Melbourne-based pool construction company has gone into liquidation, leaving dozens of people with unfinished swimming pools across Victoria. A caller first revealed to 3AW radio that Pools R Us had collapsed, leaving him with a giant hole in his ground at his property. The business phone line has been disconnected, leaving customers stranded as…
By David Milliken LONDON (Reuters) -Company insolvencies in England and Wales last month jumped 40% year on year to the highest level since monthly records began in January 2019, government data showed on Friday. In May, 2,552 companies were declared insolvent, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up…
The Insolvency Service Published 16 June 2023 Contents 1. Main Messages for England and Wales 2. Things you need to know about this release 3. Company and Individual Insolvencies in England and Wales 4. Company Insolvencies in Scotland 5. Company and Individual Insolvencies in Northern Ireland 6. Data and Methodology 7. Glossary Print this page…
Corporate lawyers advise partnerships and corporations in all legal and commercial matters beginning with the founding of a company via corporate restructuring measures to the liquidation of the entity. Therefore, a corporate lawyer has to deal, among other legal issues, with the choice of the entitys legal form based on the entrepreneurs business, drafting articles…
Due to rising costs and pandemic-induced lack of demand, many real estate companies have gone bankrupt. As of June 2022, of the 2,000-odd cases under corporate insolvency resolution process (CIRP), a staggering 436 cases were from the real estate sector. The resolution of insolvency in the real estate sector presents unique difficulties due to the…
A billionaire bungalow tycoon has been plunged into a bankruptcy row amid allegations of a trail of unpaid debts. Robert Bull, who recently sprang from nowhere to be named among Britains wealthiest individuals, has had part of his property empire placed into administration by one of the countrys biggest listed private equity investors, the Telegraph…
The Insolvency Service Published 16 June 2023 Contents 1. Data Sources 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National…