Listen to this article Sanctions; indefinite suspension: Where an attorney failed to file a motion on behalf of his client, failed to properly communicate with the client and violated multiple Maryland Attorneys Rules of Professional Conduct, he was indefinitely suspended from the practice of law. Attorney Grievance Commission of Maryland v. Davis, AG No. 28,…
Comparison site Insolvency Australia has launched a first-of-its-kind national helpline that enables businesses and individuals to reach out for insolvency guidance. The service would help connect businesses, individuals and trusted advisers with registered insolvency specialists, it said. CEO of Insolvency Australia Garth Gammon said the service was an important lifeline and a first step for…
Insolvency Australia New first-of-its-kind helpline makes it easier for businesses and individuals to reach out for insolvency guidance A new national insolvency helpline the first of its kind has been launched by Insolvency Australia. The Insolvency Australia National Helpline is designed to connect businesses, individuals and trusted advisers who need guidance, with experienced, registered insolvency…
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: Todays insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift. Since the pandemic, insolvency activity had been heavily…
Company insolvencies across England and Wales were up 10% between 1 July and 30 September 2023 compared to the same period last year, according to official statistics. The Insolvency Service reported 6,208 registered company insolvencies in Q3 2023 from 5,635 in Q3 2022, comprising 4,965 creditors voluntary liquidations (CVLs), 735 compulsory liquidations, 466 administrations, 41…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of people taking out a debt relief order (DRO) across England and Wales surged to a record high in the third quarter of this year. Some…
The number of registered company insolvencies in Q3 2023 fell 2% to 6,208 on the previous quarter, but were still up 10% on last year There were 6,208 company insolvencies, made up of 4,965 creditors voluntary liquidations (CVLs), 735 compulsory liquidations, 466 administrations, 41 company voluntary arrangements (CVAs) and one receivership appointment. The number of…
Company insolvencies across England and Wales were up 10% in the last quarter compared to the same period last year, according to official figures, as a separate report warns of a leap in financial distress. The Insolvency Service reported 6,208 registered company insolvencies between July and September, compared to 5,635 between the same three months…
The number of people taking out a debt relief order (DRO) across England and Wales surged to a record high in the third quarter of this year. Some 8,438 DROs were taken out between July and September, marking a 49% jump compared with the same quarter in 2022, according to figures from the Insolvency Service.…
Company insolvencies across England and Wales were up 10% in the last quarter compared to the same period last year, according to official figures as a separate report warns of a leap in financial distress. The Insolvency Service reported 6,208 registered company insolvencies between July and September. That was 2% down on the previous three…