Abstract The COVID-19 pandemic had a substantial impact on business dynamics, leading to the temporary or permanent closure of many businesses. By contrast, corporate insolvency proposals and bankruptcies under the Bankruptcy and Insolvency Act declined in 2020. Using a newly developed linked database, this paper presents trends in exits, insolvency proposals and bankruptcies across business…
CORPORATE insolvency numbers (liquidations and receiverships) in Scotland for Q2 2023-2024 increased by 4.8% compared with Q2 2022-2023, to a total of 283. Corporate insolvency numbers in Scotland also increased by 19.9% when compared to pre-pandemic levels in 2019. The number of corporate insolvencies (liquidations and receiverships) in Scotland for Q2 2023-2024 decreased by 3.1% compared with the previous…
Corporate insolvencies in Scotland rose 19.9% during the second quarter, when compared to pre-pandemic levels in 2019 and rose by 4.8% compared to the same period last year. Meanwhile, personal insolvency numbers in Scotland saw no real change, with a decrease of just 0.05% – which equates to a single case – to a total…
A Melbourne hospitality chain behind several popular food and drink venues has collapsed. Legacy Hospitality Group Pty Ltd went into liquidation on October 6, according to documents filed with the Australian Securities and Investments Commission (ASIC). Andrew Knight and Sebastian Hams from insolvency group KordaMentha have been appointed as liquidators. Watch the latest news and…
A construction, design and refurbishment company with 192 employees and hundreds of projects around Australia has gone into voluntary administration. National Projects & Maintenance (NPM Group) was a commercial fit-out company that worked on developments for some of the countrys biggest property entities, including Goodman, Mirvac, GPT, Charter Hall and Brookfield. The Sydney-based company has ceased trading…
An arm of a major hospitality business has quietly collapsed into liquidation, impacting nearly 250 staff members and a handful of other creditors. Melbourne-based Legacy Hospitality Group Pty Ltd went into voluntary liquidation earlier this month. Andrew Knight and Sebastian Hams of insolvency firm KordaMentha have been appointed as liquidators. The entity weve been appointed…
Oct 24, 2023 3.11pm Sydney-based construction, design and refurbishment company National Projects & Maintenance (NPM), which completed developments for some of the countrys biggest property players including Goodman, Mirvac, GPT, Charter Hall and Brookfield, has collapsed. The company, which employed nearly 200 people and had offices across the country, sent out automated messages to its…
Former chairmans attempt to write off debts of 3.2m dismissed by court A file image of Danny Drew Shane Phelan Today at 03:30 A High Court judge has directed that garda be informed of allegations a former League of Ireland football club owner gave misleading information in personal insolvency proceedings. The direction came three weeks…
The Board of Goodbye Kansas Group AB (the Company or Goodbye Kansas Group) has today decided to declare bankruptcy for its subsidiaries Goodbye Kansas Studios AB, Goodbye Kansas Holding AB, Virtual Brains AB, Goodbye Kansas Infinite AB and Previble AB. The strikes in Hollywood have since the beginning of May 2023 halted productions for the…
A major national construction company with 100 employees has collapsed. NPM Group, standing for National Projects and Maintenance, went into voluntary administration on Monday. The business specialised in construction, fit-outs, minor works and maintenance projects in the commercial sector. It has ceased operating immediately. NPM Group had 10 companies under its banner across NSW, Victoria,…