Global law firm White & Case is establishing a restructuring and insolvency practice in Australia with the addition of two partners, Timothy Sackar and Jillian McAleese, from Australian firm Clayton Utz. The firm is the latest of several to bolster its insolvency practice in anticipation of rising corporate failures in Australia. Read the full article…
DetailsEleanor Temple, chair of the UKs insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds There were 6,342 seasonally adjusted corporate insolvencies in Q2 2023 a 8.9% rise compared to Q1 2023s total of 5,824. o Corporate insolvency levels for Q2 2023 were 13.1% higher than Q2 2022s…
DetailsTopline BedBathAndBeyond.com relaunched Tuesday, months after the company declared bankruptcy and shuttered all its brick and mortar stores, thanks to Overstock, which purchased the brand out of bankruptcy. Key Facts Overstock.com paid $21.5 million for Bed, Bath & Beyonds intellectual property and digital assets in June and is now adopting the Bed, Bath & Beyond…
DetailsThe online retailer Overstock.com said in late June that it was dumping its name online and it will become Bed & Bath & Beyond. ByANNE D’INNOCENZIO Tuesday, August 1, 2023 2:53PM NEW YORK — Overstock has officially relaunched the Bed Bath & Beyond domain online Tuesday in the U.S., after acquiring the bankrupt retail chain’s…
DetailsGlobal law firm White & Case is establishing a restructuring and insolvency practice in Australia with the addition of two partners, Timothy Sackar and Jillian McAleese, from Australian firm Clayton Utz. The firm is the latest of several to bolster its insolvency practice in anticipation of rising corporate failures in Australia. Read the full article…
DetailsBed Bath & Beyond declared bankruptcy earlier this year and announced it would close all of its stores. NEW YORK Overstock officially relaunched its Bed Bath & Beyond domain name online on Tuesday in the US, following the acquisition of the bankrupt retail chains intellectual property for $21.5 million last month. before. Online retailer Overstock.com…
DetailsThe legislation, introduced in September 2022, aims to facilitate the sale of business units and streamline often lengthy restructuring processes by essentially giving creditors more powers. One of its key innovations was the possibility for debt holders to unilaterally present a plan in court, without this implying an insolvency proceeding or the suspension of payments.…
DetailsThe number of individuals entering a personal insolvency procedure has dropped to 26,390 its lowest quarterly level since Q3 2020. Figures from the Insolvency Service, reveal that 1,826 people entered bankruptcy, 7,106 entered a debt relief order and 17,458 entered an individual voluntary arrangement in Q2 2023. IVA numbers were down 12% compared with the…
DetailsManaging personal finances can often be overwhelming, especially when faced with mounting debts and financial obligations. In such situations, seeking the right solution to ease the burden and regain control of your finances is a logical step. The commonly considered options are debt consolidation and debt review. Denise Hartley, COO at FNB Collections, said, While…
DetailsRoss Parsons Centre Law and Business seminar | Insolvency and Tax Debts: the special position of the ATO Online event The Australian Taxation Office is a creditor in almost three out of every four company insolvencies. Legislation in 1993 removed the last of what were seen as rights that elevated the ATO to the status…
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