: RusAviaInsider Russias State Transport Leasing Company (GTLK) in its 2023 IFRS report has admitted the loss of 2.49 billion roubles as a result of liquidation of its two Irish subsidiaries last year. In compliance with IFRS 10, as a result of the May 31, 2023 decision taken by the High Court of Ireland ordering…
The corporate watchdog raided a gold coast-based cryptocurrency miner, which allegedly encouraged investors to put their super into crypto products without a financial licence, amid fears $62 million put in by savers would disappear. The Australian Securities and Investments Commission obtained Federal Court orders this month to have insolvency and advisory firm McGrathNicol appointed receivers…
More and more home builders are collapsing across Australia as soaring materials and labour costs cripple the companies working desperately to meet the countrys surging demand for houses. Data from the Australian Securities and Investments Commission shows a gathering pace of construction insolvencies in the past three years, with 2196 builders going bust in the…
Apr 25, 2024 12.34pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? WA builder Collier Homes went into liquidation this week for the second time in eight years after the company previously owned by former Family First senator Bob Days Home…
Corporate insolvency levels dropped by 16.6% in March 2024, while personal insolvencies also fell by 17.2% during the same period, according to new statistics from the Insolvency Service. Corporate insolvencies decreased to a total of 1,815 compared to February’s total of 2,177, and decreased by 17.2% compared to March 2023’s figure of 2,193. Personal insolvencies…
This was published 1 year ago Updated April 25, 2024 — 7:56pm,first published 10:18am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it AAA Rugby Australia…
Rugby Australia have issued a statement after the administrator for the financially stricken Melbourne Rebels recommended creditors accept a proposed deal to save the club, adding it may have been trading while insolvent for the last five years. ADVERTISEMENT The Rebels went into voluntary administration in January with Rugby Australia taking over their competition licence…
Another builder in Western Australia has gone bust, it was announced today. Collier Homes has collapsed into liquidation after more than 60 years of operation. The news also means several families have been left in the lurch, with unfinished homes. Collier Homes has collapsed into liquidation after more than 60 years of operation, leaving several…
There were 1,168 corporate insolvencies in 2023/2024 – up 3% from 2022/2023s figure of 1,132 – and a rise of 23% when compared to pre-pandemic levels in 2019/2020. There were 8,085 personal insolvencies in the last financial year, up 1% on 2022/2023s figure of 8,001, but down 40% compared to pre-pandemic levels, according to the…
David Alexander Scottish corporate insolvencies have decreased from 346 in Q4 2022-23 to 301 in Q4 2023-24, according to the latest insolvency data statistics from Accountant in Bankruptcy (AiB). This is a decrease of 13.0%. Over the same period, there were MVLs (members voluntary liquidations) were down to 94 from 200 a decrease of 52.0%. Creditors…