An Australian fitness empire has officially collapsed and all staff have been terminated while customers have been left wondering what happened to all their money. Earlier this month, news.com.au reported that a national boxing fight night program, Corporate Fighter, had ceased operations and let go of all its workers. Headquartered in Sydneys Surry Hills, Corporate…
An Australian fitness empire has officially collapsed and all staff have been terminated while customers have been left wondering what happened to all their money. Earlier this month, news.com.au reported that a national boxing fight night program, Corporate Fighter, had ceased operations and let go of all its workers. Headquartered in Sydneys Surry Hills, Corporate…
An Australian fitness empire has officially collapsed and all staff have been terminated while customers have been left wondering what happened to all their money. Earlier this month, news.com.au reported that a national boxing fight night program, Corporate Fighter, had ceased operations and let go of all its workers. Headquartered in Sydneys Surry Hills, Corporate…
Professional services firm PKF Attest has introduced a new advisory and technical consulting service aimed at mitigating business liability in potential insolvency situations. This service is designed for company executives and high-level management, addressing the proactive measures required by the new European directive to prevent insolvency cases. The initiative has already completed a pilot phase…
Huge damage to union members Ministry of Land, Infrastructure and Transport Starts to Understand Emergency Status 95% 90% reduction in land acquisition ratio Reviewing the relaxation of the union’s withdrawal and permission Local Housing Association [Photo = Yonhap News] On November 10 last year, the Seoul Rehabilitation Court declared bankruptcy against Jang Seung-baegi (local housing…
Corporate insolvency levels rose by 18.4 % in April 2024, with personal insolvencies also increasing by 9.9% during the same period, according to new statistics from the Insolvency Service. Corporate insolvencies increased to a total of 2,177 compared to March’s total of 1,838, and increased by 18.4% compared to April 2023’s figure of 1,838. Personal…
The number of people taking out a debt relief order (DRO) reached a record high in England and Wales in April, according to new figures. Some 3,436 DROs were recorded by the Insolvency Service in April, marking a record high in the statistics going back to when DROs were introduced in 2009. The jump coincided…
A judge in Chile has declared the struggling salmon company Nova Austral to be bankrupt. The move is likely to be temporary, however, as Nova Austral is almost certain to appeal the ruling. The resolution, made earlier this week, ordered the opening of a bankruptcy liquidation process, requesting the Superintendence of Insolvency and Re-entrepreneurship to…
Newsflash: More companies and individuals across England and Wales fell into insolvency last month, as high interest rates continue to weigh. Company insolvencies jumped by 18% in April to 2,177, the Insolvency Service has reported. This included 300 compulsory liquidations, 1,715 creditors voluntary liquidations (CVLs), 144 administrations and 18 company voluntary arrangements (CVAs). CVLs allow…
The new British boss of Wefox, one of Europe’s biggest insurance technology companies, has warned investors that it could face collapse within months as it contends with a slew of regulatory and financial challenges. Sky News has learnt that Wefox believes it could become insolvent by the summer unless it can secure the sale of…