Member Article The easing of Covid-19 restrictions over the summer has failed to stop a sharp increase in the number of business insolvencies across England and Wales. According to the latest official figures, corporate insolvencies increased by 22.9% to 1,348 in August 2021 compared to Julys figure of 1,097. The year-on-year level of corporate insolvency…
DetailsA TOTAL of 10,317 Malaysians have been declared bankrupt from the onset of the Covid-19 pandemic in March 2020 to July 2021, Prime Minister Ismail Sabri Yaakob (Bera-BN) said. During the same period, about 1,246 businesses closed down for good due to the movement control order (MCO), Ismail said in a parliamentary written reply to…
Details27 September 2021 Consultancy.eu 3 min. read US-headquartered consulting firm Ankura has launched a European restructuring practice, bringing on board several high-profile restructuring specialists from rivals to lead the charge. Founded in 2014, Ankura has over the past years grown into a 1,500-strongconsulting firm that advises clients on a range of strategic, organisational and financial…
DetailsThe HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo SHANGHAI, Sept 27 (Reuters) – Eleven entities belonging to embattled conglomerate HNA Group, including its flagship carrier, Hainan Airlines (600221.SS), will hold a creditor meeting on Monday, according to a document detailing its debt…
DetailsSHANGHAI, Sept 27 (Reuters) – Eleven entities belonging to embattled conglomerate HNA Group, including its flagship carrier, Hainan Airlines, will hold a creditor meeting on Monday, according to a document detailing its debt restructuring plan, seen by Reuters. Under the plan, the 11 entities will be reorganised as a group and most of the group’s…
DetailsImage: iStock / skynesher This article is sponsored by Accenture. The world is now emerging from a crisis never before seen in our times, but with this setback comes a raft of opportunities. The pandemic triggered the reinvention of business models, the restructuring of supply chains and a collection of fast-tracked scientific breakthroughs. Organisations have…
DetailsNew figures suggest business across the Midlands are struggling to get to grips with the impact of Covid-19 despite the easing of restrictions. Related Articles Latest data from the Midlands branch of insolvency and restructuring body R3 suggests many firms are under greater pressure to survive compared to this time last year. It says the…
DetailsThere are many reasons why people fall into debt. These can be from necessary expenses such as hospital visits, fixing a car when it breaks down unexpectedly, or home repairs that need to be done. No matter the reason, its easy to get behind if you dont have the money. Debt consolidation and debt settlement…
DetailsSTUFF Rajesh Luthra and his wife Tripta Tripta have recently moved into a new home in Rolleston. August 5 was the day Rajesh Rocky Luthras company Sudesh Foods crashed and burned. But just a day later, Luthera started a new company, Van de Broods Ltd. Luthra set up Sudesh Foods in February 2015 to sell…
DetailsThe Commerce Court number 1 in Las Palmas de Gran Canaria agreed this week to declare necessary bankruptcy for tourism companies Anfi Sales SL and Anfi Resorts. There will be an appeal against that judgement heard before the Provincial Court, although it will not be suspensive, that is to say it will not impede the…
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