Bankrupt billionaire left us high and dry: Elderly residents living at bungalow village owned by disgraced tyc – Daily Mail

Bankruptcy

Are you a resident in a RoyaleLife bungalow village? Email [email protected]  By Elizabeth Haigh Published: 03:45 AEDT, 12 December 2023 | Updated: 04:04 AEDT, 12 December 2023 Residents at a bankrupt billionaire’s bungalow village have told MailOnline of multip… Read the full article at: https://www.dailymail.co.uk/news/article-12850837/royalelife-bungalow-village-sewage-security-bin-collection-problems.html

Indie studio Triple Topping declared bankrupt, resulting in closure and making the entire team redundant – Game World Observer

Bankruptcy

With all the job cuts and studio closures, 2023 has been a rough year for developers of all sizes. Danish indie team Triple Topping has unfortunately joined the list, announcing that it had to lay off its entire workforce. Dead Pets Unleashed On December 8, Triple Topping CEO Astrid Refstrup published a statement on X…

Surge in struggling companies is good for business, says insolvency specialist – The Telegraph

Bankruptcy

Insolvency specialist Begbies Traynor is hiring more staff as thousands more companies fall into trouble. The London-listed business said it had grown its headcount by 12pc over the past 12 months in response to continuing increase in demand for insolvency services. Begbies has hired 50 more staff to work on insolvencies, taking the total headcount…

UK insolvencies rising due to high interest rates, says Begbies Traynor – The Guardian

Bankruptcy

Higher interest rates are pushing an increasing number of companies into insolvency, according to one of the UKs biggest insolvency practitioners. Begbies Traynor said it expected to see more businesses tip into insolvency in tandem with the indicators of corporate financial stress in the UK, alongside its financial results published on Monday. The Bank of…

Shaun Barton: Noticing early warning signs to prevent business insolvency – The Business Magazine

Bankruptcy

It is an unfortunate fact that many companies will find themselves facing financial or operational challenges at some point in their life cycle. Often times this is due to situations that are out of the control of the companys directors and management team. Things such as a changing marketplace, shifting consumer expectations, the loss of…

GDK Group collapses into liquidation owing $45m, 30 staff sacked on the spot | news.com.au Australia's leading … – news.com.au

Bankruptcy

All employees at a Sydney joinery and manufacturing business heavily involved in corporate and commercial construction have lost their jobs and the firm has ceased to trade. On Friday morning, 30 cabinet makers rocked up to the Wetherill Park factory of GDK Group expecting work as usual. But just 15 minutes earlier news.com.au had revealed…

A Supreme Court ruling has given personal insolvency a fresh start in India | Mint – Mint

Bankruptcy

The introduction of corporate insolvency under Indias Insolvency and Bankruptcy Code (IBC), 2016, was a watershed moment. It transformed the debtor-creditor relationship in India. Till August 2023, 26,518 applications for the insolvency resolution of companies with defaults on debt worth 9.33 trillion were withdrawn before their admission, according to data from the Insolvency and Bankruptcy…

Reality star Teddy Briggs's luxury car to be sold to pay debts after business goes into liquidation – ABC News

Bankruptcy

Liquidators will sell reality TV star Teddy Briggs’s prized Mercedes-Benz as part of their efforts to claw back more than $600,000 owed to creditors ranging from government agencies to disgruntled customers of his controversial online business.  The former Love Island and Celebrity Amazing Race contestant placed his business Teddy Briggs Co into liquidation in November.…