Part 1 of the 2023 edition of R+I In Brief explores restructuring and insolvency developments in Australia in FY22/23. Overview Despite the challenges flowing from increasing global inflation and supply chain disruptions, the Australian economy has to date remained resilient and a technical recession has been avoided in 2023. However, after many years of historically…
We are excited to share the inaugural edition of R+I In Brief, where we explore the past year of developments in the Australian restructuring and insolvency industry and provide our thoughts on the year ahead. The 2023 edition of R+I In Brief includes a collection of articles and case notes we have prepared as well…
For 12 years, Kate kept chasing the rush that came with the cash and the compliment, with devastating results. She ultimately lost $500,000 on the pokies, including $12,000 in one stint, which put her on the brink of suicide. She shares her story not as an industry-termed problem gambler but as a victim of an…
Global law firm White & Case LLP has established its Global Financial Restructuring and Insolvency (FRI) Practice in Australia with the addition of Timothy Sackar and Jillian McAleese as partners in Sydney. “In today’s ever shrinking world, large corporate and financial restructuring projects cross multiple jurisdictional boundaries more often than not,” said White & Case…
Millions of families are borrowing to cover basic bills and expenses, according to analysis that warns Britain is entering a dangerous new phase of the cost of living crisis. Interest rates are expected to rise again this week and there are warnings about a timebomb of debt among poorer households. Reports suggest companies are targeting…
Department for Business & Trade The Insolvency Service Published 27 July 2023 Contents 1. Background of the Insolvency Service 2. Purpose of the review 3. Recommendations and conclusions 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…
The Insolvency Service Published 28 July 2023 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 Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
The Insolvency Service Published 28 July 2023 Contents 1. Data Sources and data validation 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…
The Insolvency Service Published 28 July 2023 Contents 1. Main messages for England and Wales 2. Things you need to know about this release 3. Company insolvency in England and Wales 4. Company insolvency in Scotland 5. Company insolvency in Northern Ireland 6. Data and Methodology 7. Glossary Print this page Crown copyright 2023 This…
The number of firms collapsing into insolvency rose to the highest level since 2009 in England and Wales over the past quarter, fresh Government figures show. Some 6,342 company insolvencies were recorded over the three months to June, an increase of 13 per cent against the same period last year, according to the Insolvency Service. …