In total 3,156 companies within the construction sector were declared insolventin 2018, up 13% from 2017, according to solicitor Nocklods. It is the highest level of insolvencies recorded since 2015. While the research shows strong demand from first time buyers has supported house builders, civil engineering businesses were deemed to be struggling. Sixty civil engineering…
The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the December quarter 2018. New personal insolvencies fell in most capital cities in the December quarter 2018 compared to the previous quarter. The exceptions were Greater Darwin and Greater Hobart. December quarter 2018 regional personal insolvencies state by state The Greater Sydney regions…
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NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. Danske Bank A/S (OTCMKTS: DNKEY)Class…
LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday. FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer…
NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday. FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer…
Company insolvencies decreased in Q4 2018 on the previous quarter but were higher the same quarter in 2017. Overall, all types of company insolvency increased in 2018 compared with 2017 except administrative receivership. Insolvency Service figures show 17,439 companies entered insolvency in 2018, a rise of 0.7% on 2017. Total liquidations fell by 0.5% to…
The number of people going financially insolvent across England and Wales jumped to a seven-year high in 2018, official figures show. Some 115,299 people went insolvent during 2018 marking the third year-on-year increase in a row and the highest annual total since 2011 when 119,943 cases were recorded. The figures, released by the Insolvency Service,…
By Express News Service With corporate insolvency completing two years, experts say its about time to notify personal insolvency law for individuals with business debt and personal guarantors. Renuka Sane, associate professor, NIPFP, in a recent paper on the need and the way forward for a personal insolvency law noted that several facets of the…