Problem gambling can have a devastating effect on the lives of people that are addicted to the activity. But even if theres no at-risk or problem gambling at hand, gambling can result in the accumulation of large debt. Now, a new report suggests that a former National Football League (NFL) star, may be facing a…
Like an uncontrolled demolition, construction companies have been collapsing at a rate that has not been seen for almost a decade. As of late June 2023, ASIC data shows that 2023 construction companies have gone into liquidation since mid-2021. This figure dwarfs the next industry sector (accommodation and food services) of 1013 companies and makes…
Thursday 29 June 2023 6:13 am Insolvencies are likely to rise amid a perfect storm of rising interest rates, higher costs and a slowing economy. All the indicators show that insolvencies will rise and I think that our message is that management teams need to be taking advice earlier and recognising the problem earlier, Sarah…
Garry Lee, chair of insolvency and restructuring trade body R3s Southern and Thames Valley region, including Dorset (Image: Deep South Media) THE FLOODGATES have opened for business insolvencies. Thats the warning from R3, the insolvency and restructuring trade body for Dorset, as it is revealed corporate insolvencies hit a four-year-high in May. Garry Lee, chair…
Authorized Representative Section 21(6) and (6A) of the Insolvency and Bankruptcy Board of India Code, 2016 (Code for short) provides for the appointment of authorized representative by the Financial Creditors within a given class to represent them to participate in the meeting of Committee of Creditors and vote on behalf of the Financial Creditors. For…