Insolvency firm urges struggling retailers to ‘act now’ – Appliance Retailer

Retail business owners and directors are being urged to seek help immediately if theyre struggling to pay their tax because of pandemic-driven cash flow issues. Speaking up now could ensure retail owners have more options to save their business or restructure, according to national business rescue and insolvency firm, Jirsch Sutherland. Inconsistent cash flow has…

Commentary – Monthly Insolvency Statistics July 2021 – GOV.UK

Released 17 August 2021 Next release 17 September 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) [email protected] Kate Palmer (responsible statistician) 1. Main Messages for England and Wales The number of registered company insolvencies in July 2021 was 1,094: 13% higher than the number registered in the same month…

Current, former Laurentian employees have framework for claims against Sudbury university – CBC.ca

The judge’s tone was brisk and business-like at aZoom courtroom hearing Tuesday to lay out a path for current,former and retired Laurentian employeesclaiming compensation from insolvent Laurentian University. The new policy provides a formula forthe claims process, but doesn’t mandate a payout percentage of the claim. The institution declared itself insolvent Feb. 1, with its…

ROUNDTABLE: Corporate bankruptcy & insolvency litigation — Financier Worldwide – Financier Worldwide

The corporate bankruptcy & insolvency litigation landscape has experienced a turbulent period over the past year and a half, largely a consequence of the extreme circumstances created by the COVID-19 pandemic. Against this backdrop, many businesses have sought arrangements and restructuring plans in an attempt to avoid corporate bankruptcy. However, as government COVID-19-related stimulus is…

SMEs accounted for $21.4 billion in ATO debt in FY20 – Ragtrader

Small businesses are being encouraged to seek help immediately if they arestruggling to pay their tax because of pandemic-driven cash flow issues. The advice frombusiness rescue and insolvency firm Jirsch Sutherland comes as ATO debt attributed to small to medium enterprises was $21.4 billion at FY20. With lockdowns continuing throughout 2021, Jirsch Sutherland partnerAndrew Spring…

Former Russian Deputy Agriculture Minister challenges insolvency – RAPSI

10:48 16/08/2021 MOSCOW, August 16 (RAPSI) – Ex-Deputy Agriculture Minister Alexey Bazhanov has filed an appeal against his bankruptcy and introducing of related procedures against him, according to the Moscow Commercial Courts records. The Moscow Commercial Court introduced an asset sale procedure against Bazhanov in June. In February, the court initiated debt refunding as to…

Hong Kong forger Peter Chan bankrupt after failing to pay legal fees owed to late tycoon Nina Wang’s foundation in faked will case – The Star Online

Convicted forger Peter Chan Chun-chuen has been declared bankrupt for failing to pay HK$28.4 million (US$3.6 million) in legal fees owed to the charitable foundation of late tycoon Nina Wang Kung Yu-sum after the civil suit that determined he had faked her will. Madam Justice Linda Chan Ching-fan on Thursday granted a bankruptcy order petitioned…