Corporate Restructurings Set to Accelerate Over the Next Two Years – News Hub – News Hub

Restructuring

Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring WILMINGTON, Del.–BUSINESS WIRE– The volume of new corporate restructuring mandates is set to continue rising…

Flexys and Tuum partner to help banks improve debt collection – IBS Intelligence

Debt Help

By Gloria Methri Today Core Banking Modernization Debt Collection Software Debt Management Platform Debt management software company Flexys has partnered with Tuum, an innovative core banking provider in Europe. By integrating their platforms, the partnership allows banks to modernise debt collection with a real-time, customer-friendly approach. For banks, the economic landscape of rising consumer debt…

Extreme heatwaves highlight climate injustice while western countries fail to act here's how governments can help – The Conversation

Debt Help

Average global air temperatures breached 1.5C for the first time at the start of 2024 at least five years earlier than predicted. So, while developing countries burn, global climate injustice persists. No high-emitting country has complied with the 1.5C target set by the Paris agreement. Governments in the UK and Scotland are exacerbating the crisis…

Insolvency and tech burning bright and fast: the cash runway challenge and navigating insolvency – Clayton Utz

Liquidation

There has been an increase in company insolvencies in Australia. Startups and early-stage technology companies have not been shielded from this, with recent high-profile collapses including Tritium and Milkrun. In this article we discuss insolvent trading risks, the state of the startup market, unique risks to startups and the protections offered by the “safe harbour”…

How Safe Harbour provisions work for startups facing insolvency – SmartCompany

Liquidation

The Australian startup ecosystem is facing its next wave of financial challenges. With a 54% decline in capital raised by Australian startups in 2023 and a 14.5% rise in insolvencies, Australian startups are financially strained. For those operating in the capital-intensive tech sector in particular, the time between funding rounds is harder than ever. Tech…

Holistic vs piecemeal: the state of review of Australian corporate insolvency laws – Clayton Utz

Liquidation

It has been 33 years since the “recession we had to have” in 1991. Fears that Australia would enter a technical recession during 2023 didnt eventuate. At the time of writing, our economy continues to still be resilient (relying on massive population growth through migration) despite ongoing decreasing consumer sentiment but another year of slow…

Guide To Insolvency In Australia Forbes Advisor Australia – Forbes

Bankruptcy

Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} Australias business landscape has seen a steady rise in the number of insolvencies in recent months as cost-of-living pressures bite and economic conditions slow down. Although numbers had declined for several years, business collapses are now back above pre-pandemic trends, putting the spotlight…