The deluge of corporate insolvencies that some had predicted would follow the Covid-19 pandemic has yet to materialise despite a steady rise in the number of business failures over the past year, according to insolvency experts. In a new report published on Wednesday, Interpath Advisory, the Dublin-based restructuring and corporate advisory firm founded last year…
DetailsDavid Alexander A nearly five per cent increase in corporate insolvencies in the past year is likely to lead to a rise in personal insolvencies in the next six to 12 months, according to Gilson Gray. The latest figures from the Accountant in Bankruptcy (AiB) show there were 283 corporate insolvencies in July to September…
DetailsCorporate insolvencies in Scotland rose 19.9% during the second quarter, when compared to pre-pandemic levels in 2019 and rose by 4.8% compared to the same period last year. Meanwhile, personal insolvency numbers in Scotland saw no real change, with a decrease of just 0.05% – which equates to a single case – to a total…
DetailsCreditors with a “valid claim against the company” will meet with liquidators People and companies owed money by the Jersey Reds are meeting to see what assets the club still has after it ceased trading. The Championship-winning club went into liquidation in September after it was unable to pay its players and staff due to…
DetailsBBC Operations Pty Ltd trading as Blow Bar Co falls into liquidation Blow Bar insists ‘it’s business as usual’ and an ‘internal’ restructure By Eliza Mcphee For Daily Mail Australia Published: 17:37 AEDT, 25 October 2023 | Updated: 19:23 AEDT, 25 October 2023 EXCLUSIVE A pop… Read the full article at: https://www.dailymail.co.uk/news/article-12669443/Blow-Bar-Sydney-Bronte-Balmain-collapses-liquidation.html
DetailsA Melbourne hospitality chain behind several popular food and drink venues has collapsed. Legacy Hospitality Group Pty Ltd went into liquidation on October 6, according to documents filed with the Australian Securities and Investments Commission (ASIC). Andrew Knight and Sebastian Hams from insolvency group KordaMentha have been appointed as liquidators. Watch the latest news and…
DetailsTech Mahindra Q2 Results Live Updates: IT major Tech Mahindra is set to report its Q2 results today, 25 October, 2023. Most brokerages expect Tech Mahindras earnings in the second quarter of FY24 to remain soft with a sequential drop in revenue, net profit and margins as well. Similar to the June quarter, deal wins…
DetailsWhen a real stat project is sent to the National Company Law Tribunal (NCLT) with an Interim Resolution Professional (IRP), numerous major issues for homeowners arise. The Insolvency and Bankruptcy Code (IBC) is extremely important in this procedure. When an application for initiation of corporate insolvency resolution is admitted against a real estate company/project (Corporate…
DetailsA construction, design and refurbishment company with 192 employees and hundreds of projects around Australia has gone into voluntary administration. National Projects & Maintenance (NPM Group) was a commercial fit-out company that worked on developments for some of the countrys biggest property entities, including Goodman, Mirvac, GPT, Charter Hall and Brookfield. The Sydney-based company has ceased trading…
DetailsFinancial counsellors warn Afterpay’s new $10 per month subscription scheme will trap more vulnerable spenders in debt. Key points: Afterpay Plus is a monthly subscription which allows shoppers to borrow money, even in shops that don’t accept Afterpay Financial counsellors say it will make unregulated credit even easier to access An Afterpay spokesperson says the…
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