Insolvency Advisory Accountants Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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Bankrupt retail giant JC Penney set to be rescued – Sydney Morning Herald
Hedge funds and private-equity firms financing JC Penneys bankruptcy, meanwhile, would take ownership of some stores and distribution centres after
How Donald Trump Blew a $1 Billion Fundraising Lead – The Atlantic
William D. Cohan: What exactly is Donald Trumps deal? At the same time, financial experts involved in those bankruptcies say
NAB launches Australia’s first no-interest credit card – Mirage News
NAB has today launched the NAB StraightUp Card, Australias first no interest credit card, in response to Australians wanting more
Deloitte eyes sale of its restructuring business – Accountancy Today
Big Four accountancy firm Deloitte has reportedly begun early talks about the potential sale of its restructuring business. According to
Fashion retailer Colette by Colette Hayman sold out of administration – NEWS.com.au
Aussie fashion brand Colette by Colette Hayman has been officially sold out of voluntary administration, with a new owner announced
Insolvency measures creating zombie firms | The Times | Victor Harbor, SA – Victor Harbor Times
A federal government initiative to save thousands of businesses from sinking into insolvency during the pandemic was full of good
Coronavirus bankruptcies in Japan hit 500 – NHK WORLD
A research firm says at least 500 companies in Japan have gone bankrupt since February due to the impact of
US corporate bankruptcy count in 2020 nears 500 as filings continue to climb – S&P Global
Corporate bankruptcies in the U.S. continue to grow during the coronavirus crisis as 24 companies joined 2020's list of casualties
Court rules fantasy sports contests are illegal gambling – RADIO.COM
ALBANY, N.Y. (WBEN/AP) Daily fantasy contests like those operated by FanDuel and DraftKings face an uncertain future in New York
‘A very big bill’: Taxpayers to be slugged with staff costs for failed businesses – Sydney Morning Herald
The government has recovered about $345 million of these payouts over the past five years, including through actions as a
Virgin Australia announces it has cancelled several regional routes – Courier Mail
Virgin Australia has slashed a string of regional routes from its network as part of its restructure after it was
RU OK? Day: How to look after your financial health – Mozo.com.au
With many Australians now out of work, financial stress is no doubt on the rise. Over 40% reported feeling nervous,