Wednesday July 12, 2023 Advertisement Advertisement Queensland’s thin blue line gets green light to recruit up to 500 new overseas cops Charles Manson follower walks free from prison after 50 years behind bars Ascot Panoramic Brisbane vistas LIV and let die: How Greg Norman’s rebel golf tour tried to boot him out A life of…
The latest CreditorWatch Business Risk Index (BRI) for June 2023 has revealed a concerning reality B2B trade payment defaults have reached an unprecedented level. This indicates that businesses are at risk of collapsing, with insolvency rates likely to rise in the coming months. According to the June 2023 CreditorWatch BRI, B2B trade payment defaults have…
Ben Walker runs Brisbane-based accounting firm Inspire Accountants, which works exclusively with small business owners. Here he shares some tips and lessons learned over the years that may help businesses avoid becoming insolvent. First of all, to run through what insolvency is at a high level, it means that the business is not able to…
Australian businesses are teetering towards an insolvency cliff, as rocketing interest rates cause companies to miss payments at a record rate. Business to business trade payment defaults jumped to a high of 1586 in June – a 52 per cent increase on the previous year – according to the latest CreditorWatch business risk index. The…
Among the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino. (David Davies/ PA) (PA Wire) Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump. Profit…
Among the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino. (David Davies/ PA) (PA Wire) Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump. Profit…
Building companies are dropping like flies and two more have collapsed just days apart, leaving homeowners and tradesmen reeling. On June 26, NSW-based luxury builder Millbrook Homes collapsed into liquidation owing more than $4 million to roughly 80 creditors. Then just four days later, on June 30, Victorian residential construction firm Bentley Homes also appointed…
New Delhi: The government is unlikely to tweak the Insolvency and Bankruptcy Code (IBC) to lift the moratorium on idle spectrum in insolvency resolution cases involving telecom companies, people familiar with details said. The government last month tweaked the IBC rules to exempt production and revenue-sharing contracts, exploration licences and mining leases of insolvent petroleum…
Normal text sizeLarger text sizeVery large text size Victorians building homes will be slugged with even higher costs after builders were hit with a 43 per cent increase in insurance premiums to protect their customers from insolvency, adding hundreds of dollars to construction costs that the housing sector expects will be passed on. The Victorian…
The Insolvency Service has today launched a new online information hub to support company directors. The hub hosts guidance and information on a rangeof business themes commonly faced by companies and aims to help company directors to push their business forward by being more aware of potential pitfalls. It is specifically designed for directors of…