Jun 26, 2023 4.05pm Business collapses have hit the highest monthly level in more than seven years, as failures spread beyond property construction to retail, healthcare, childcare and mining. Higher interest rates, weaker consumer spending and directors throwing in the keys after a temporary pandemic reprieve are the main reasons for the jump in insolvencies.…
Personal guarantees can lead small and medium businesses into bankruptcy, warns national insolvency and turnaround firm Jirsch Sutherland. Already have an account? Sign in below: The firm said owners of small and medium businesses needed to understand the risks associated with a personal guarantee before signing up for one. Jirsch Sutherland said a personal guarantee,…
This was published 3 months ago By Chris Vedelago Updated February 27, 2023 12.47pmfirst published at 10.41am Normal text sizeLarger text sizeVery large text size The company behind the Coles and Woolworths soft plastics recycling program has been declared insolvent after failing to pay storage fees for the thousands of tonnes of plastics it secretly…
The clothing store chain Score was declared bankrupt by the court in Zutphen. The jeans brand Chasin’, owned by the same owner, also falls under bankruptcy. The bankruptcy puts the jobs of about 450 employees at risk. Score had been present in Dutch shopping streets for decades. Entrepreneur Jan Peters opened the first store in…
Taxpayers have spent $367.08m paying out employees of collapsed businesses since the onset of the Covid-19 pandemic. Data from the Department of Employment and Workplace Relations reveals more than 20,000 payments have been made under the Fair Entitlements Guarantee Act between March 1, 2020 and May 31, 2023. Under the FEGA, workers are able to…
Ex-Everton striker Marcus Bent has won a court fight over the ownership of a house more than four years after being declared bankrupt (David Davies/PA) (PA Archive) Former footballer Marcus Bent has won a court fight over the ownership of a house more than four years after being declared bankrupt. Bankruptcy trustees wanted to be…
Ex-Everton striker Marcus Bent has won a court fight over the ownership of a house more than four years after being declared bankrupt (David Davies/PA) (PA Archive) Former footballer Marcus Bent has won a court fight over the ownership of a house more than four years after being declared bankrupt. Bankruptcy trustees wanted to be…
F ormer footballer Marcus Bent has won a court fight over the ownership of a house more than four years after being declared bankrupt. Bankruptcy trustees wanted to be allowed to take possession of a house they said Bent a striker who played for more than a dozen clubs, including Everton owned. Bent, 45, who…
F ormer footballer Marcus Bent has won a court fight over the ownership of a house more than four years after being declared bankrupt. Bankruptcy trustees wanted to be allowed to take possession of a house they said Bent a striker who played for more than a dozen clubs, including Everton owned. Bent, 45, who…
Dozens of families left with unfinished homes as another building firm suddenly collapses Builder Red Bluff Homes went into liquidation Customers of 21 unfinished projects were told Friday By Ashley Nickel For Daily Mail Australia Published: 17:08 AEST, 23 June 2023 | Updated: 17:34 AEST, 23 June 2023