The Insolvency Service Published 15 August 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…
The question of how bad dividends can land a limited company director with a personal liability to HMRC is worth asking, because it goes against the grain of what most people regard as a key motivator to having such a business, writes Matt Fryer of Brookson. The status quo of LTD One of the main…
More than 90 per cent of insolvency professionals believe Australia will dip into a recession within the next two years but some think it will be even sooner – in the next 12 months. A survey by insolvency firm KordaMentha and Turnaround Management Association revealed the industry has a dire outlook for Australia’s economy. The…
Ana B. Ibarra Aug 15 Save Article Save Article Failed to save article Please try again Medical personnel working in the nurses station in the Emergency Room unit of Hazel Hawkins Memorial Hospital in Hollister on March 30, 2023. (Larry Valenzuela, CalMatters/CatchLight Local) Lea esta historia en espaol. Three California hospitals that declared bankruptcy earlier this…
The situation at WeWork has investors in a frenzy, landlords in a jam and the entire commercial real estate industry on its knees. But for the more than 700,000 WeWork members who work at its numerous co-working spaces, the future of the company is an especially pressing question. WeWork warned investors last week that its…
August 15 (SeeNews) – Serbia sold insolvent agroindustrial company AIK Jagodina to clothing company Mona Fashion for 8.6 million dinars ($80,000/73,400 euro), the bankruptcy supervision agency said. As part of the deal, Mona Fashion acquired 60 hectares of land in the central Serbian town of Jagodina, the agency said in a statement last week. You…
A restart has been achieved for AEM, which was declared bankrupt in July. Bankruptcy was filed by the company itself on July 11. The Maasbree-based company develops and produces climate computers and installations for mushroom cultivation, composting, and horticulture. Four parties showed interest in a relaunch, according to the recent publication of the first bankruptcy…
Twelve customers hoping to have their homes built by a West Australian building company have been left disappointed after the business collapsed. Perth builder Western Luxury Homes Pty Ltd was placed into liquidation on Friday, according to a notice published by ASIC. The failing business has now been handed over to RSM liquidators Travis Kukura…
Wishbone founders Andrea Gibson Scarlett and her husband Shayne Scarlett. Photo / Supplied Popular cafe chain Wishbone has been placed in liquidation, the Herald understands. The cafes website is no longer working and a liquidator has been appointed to The Woodward Group, a holding company used to trade the business. Mohammed Jan of insolvency firm…
ASIC has disqualified Mathew Craig Lynch of Langwarrin Victoria, from managing corporations for three years due to his involvement in the failure of three companies. Between April 2015 and January 2022 Mr Lynch was the director of three companies that entered liquidation: Option One Construction Pty Ltd (ACN 605 515 302) (Option One Construction), C.N.…