An incoming wave of business failures will have many in the business community sweating, but not the liquidators, who carve a living picking up the pieces and who see more work but also the potential for patchier returns. A few recent reports have pointed to an uptick in liquidations. A recent update from BWA said…
The number of company insolvencies during October was 2,315 a figure which was 18% higher than in the same month 2022 (1,954 in October 2022). Latest figures released this morning by the government’s Insolvency Service show that the rise was higher than levels seen while government support measures were in place in response to the…
The English Premier League has deducted 10 standings points from Everton over a breach of league rules regarding profitability and sustainability. The deduction puts the Liverpool club at four points on the season, plunging it into 19th place in the 20-team league. In a statement released Friday, the Premier League said an independent commission found…
On 9 November 2023, a three-judge bench led by Chief Justice D.Y. Chandrachud, with Justices J.B. Pardiwala and Manoj Misra, upheld the constitutionality of Sections 95, 96, 97, 99, and 100 of the Insolvency and Bankruptcy Code, 2016. These provisions allow loan creditors to initiate insolvency proceedings against individual and partnership firm debtors. The decision…
The Bill amends the Migration Act 1958 (Cth) (the Act) and the Migration Regulations 1994 (Cth) to introduce a new regime for Subclass 070 (Bridging (Removal Pending)) visas (BVR). Who does the Bill apply to? The Bill is primarily directed to persons who were granted a BVR since 8 November 2023, including the cohort affected…
When Harry and Jen Appel lost their home in Big Pine Key, Florida, to Hurricane Irma in 2017, they thought their insurance policies would cover the cost to repair and they’d rebuild in the same location. The couple showed ABC News’ meteorologist Rob Marciano the spot where their home used to be, now an empty…
THEY may be on our box most nights, but it doesnt mean soap stars aren’t immune to money issues. Earlier this week it was revealed former Coronation Street star Andrew Lancel has been declared bankrupt due to an unpaid large tax bill. Former Coronation Street star Andrew Lancel has been declared bankruptCredit: Rex Beverley Callard…
The Insolvency Service Published 14 November 2023 Contents 1. Data Sources 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National…
The Insolvency Service Published 14 November 2023 Contents 1. Main Messages for England and Wales 2. Things you need to know about this release 3. Company and Individual Insolvencies in England and Wales 4. Company Insolvencies in Scotland 5. Company and Individual Insolvencies in Northern Ireland 6. Data and Methodology 7. Glossary Print this page…
Nov 15, 2023 6.46pm Australias toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured…