Insolvency experts warn of ‘ripple effect’ of oil and gas downturn as companies stop trading – Norfolk Eastern Daily Press

18:41 13 July 2016 Sabah Meddings An oil rig in the North Sea. Pic: Danny Lawson/PA Wireure Insolvency experts have warned of the widening impact of the enduring oil and gas downturn on the region. It com… Read the full article at: http://www.edp24.co.uk/business/insolvency_experts_warn_of_ripple_effect_of_oil_and_gas_downturn_as_companies_stop_trading_1_4614604

Personal insolvencies rise for the first time since the global financial crisis – ABC Online

Personal insolvencies have risen for the first time since the GFC, according to data released by the Australian Financial Security Authority. Personal insolvencies jumped by 4.4 per cent in the last year, the first increase reported since the 2009 financial year. The big resources states Western Australia and Queensland were the main contributors,…

Newly set up Bulgarian co buys insolvent electric motor plant Elma for 1.1 mln euro – SeeNews

Newly set up Bulgarian co buys insolvent electric motor plant Elma for 1.1 mln euro Kritchanut/Shutterstock.com SOFIA (Bulgaria), July 13 (SeeNews) – A recently-registered Bulgarian real estate company, Solid-85, has won an auction for the sale of insolvent electric motor plant Elma, offering to pay 2.15 million levs ($1.2 million/1.1 million euro) for its assets,…

Dick Smith collapse a case study in electronics retailing – The Australian Financial Review

Dick Smith administrator Joseph Hayes from McGrathNicol. David Rowe There is nothing like a clinical post mortem to lift the corporate veil and reveal the desperate actions taken by a company sliding rapidly towards insolvency. Chanticleer can thank the administrator of Dick Smith Holdings, Joe Hayes from McGrathNicol, for a particularly well written case study…

Voluntary Administration Experts – Rich And Varied Experience in the Field of Insolvency – Industry Today (press release)

The financial review also addresses the ability of management to successfully manage the company out of its financial difficulties. voluntaryadministrationexperts.com.au are insolvency advisors that have true depth of experience in the field of insolvency. This experience empowers them to offer the following value services: Financial Review:A business that is unsure of where it stands financially…