The Corporate Insolvency and Governance Bill received royal assent on 25 June and is now an Act. The measures in this Act will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate. What happens next Some of the measures in the Act…
BUSINESS owners will need enough “mojo” to fight through the next 100 days and survive when the Federal Government’s JobKeeper support ends, a leading insolvency firm has declared. Jirsch Sutherland Partner Andrew Spring said companies relying on JobKeeper or temporarily trading while insolvent will have until mid-September to form a business plan or make the…
One of the largest regional theatre companies in NSW is facing insolvency, warning a Federal Government bailout might not be enough to save it. Key points: Australia’s arts sector will get access to $250 million worth of grants and loans under a COVID-19 recovery package Wollongong’s Merrigong Theatre Company says the money might have come…
Facebook Twitter Flipboard Email UNIDENTIFIED PERSON #1, BYLINE: Heads-up – there is one swear word in this show. My parents used to say it around me, but if you’re a parent and you don’t like swears, now you know. UNIDENTIFIED PERSON #2, BYLINE: This is PLANET MONEY from NPR. KENNY MALONE, HOST: Alexxus Harris has…
Wirecard filed for insolvency after the once high-flying payments group revealed a multiyear fraud that led to the arrest of its former chief executive. In a remarkable collapse of a company once regarded as a European tech champion, Wirecard said in a statement on Thursday morning that it faced impending insolvency and over-indebtedness. The first…
An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided…
Battered German fintech company Wirecard AG has filed for insolvency proceedings, days after revealing that more than $2 billion in cash missing from its balance sheet probably didnt exist. The move is the latest in a startlingly swift unwind for a company that until recently was a shining star in Europes tech scene. Wirecard is…
German payments giant Wirecard has filed for insolvency in the midst of a major accounting scandal linked to a 1.9bn (1.7bn) hole in its finances. The development comes just days after its former chief executive Markus Braun was arrested on suspicion of falsifying accounts at the company, which processes tens of billions of euros in…
Pop up Kitchen Limited was incorporated in June 2015 and Alan Vinnicombe (65) was appointed a director at the same time. The company traded as a consultancy for the catering industry before taking over the licence and management of the kitchen at the Blue Ball Inn in Exeter. By October 2018, however, Pop Up Kitchen…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 72 bankruptcies in week 24. This is 18 up on the previous week. In addition, 12 sole proprietorships were declared…