Corporate insolvency framework: Maintaining a competitive edge – Accountancy Age

Andrew Tate, president of insolvency and restructuring trade body R3, and a partner and head of restructuring at Kreston Reeves, examines the governments proposed changes to the UKs insolvency and restructuring framework, and highlights the professions concerns.  The UKs framework for insolvency and restructuring is one of the most effective in the world. Our insolvency…

Victorian building company Watersun Homes goes into voluntary administration – ABC Online

Related Story: Workers owed $1.6M after Bendigo Hospital contractor’s collapse Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in Melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did…

Watersun Homes enters administration – Ballarat Courier

Watersun Homes enters administration exit UPDATE, 4pm: Insufficient funds have been cited as the reason for Watersun Homes entering into voluntary administration. Ninety full time jobs will be lost as a result of the administration process. All staff were informed today, according to a statement. Administrators are expected to contact property owners who have contracted the…

Sundaram Finance restructuring units – The Hindu

K.T. Jagannathan February 28, 2017 00:00 IST Updated: February 28, 2017 03:55 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break;…

Insolvency specialists offer companies a free check-up – Norfolk Eastern Daily Press

Andrew McTear, partner at McTear, Williams & Wood. Picture: DENISE BRADLEY Archant A firm of East Anglian insolvency specialists is helping companies diagnose problems earlier after launching one of the UKs most comprehensive business health checks. … Read the full article at: http://www.edp24.co.uk/business/insolvency_specialists_offer_companies_a_free_check_up_1_4908410

Super funds call for government to cover entitlements when company’s goes broke – The Australian Financial Review

The superannuation industry wants the government to cover any outstanding entitlements when a company goes broke but bureaucrats warn it is a bad idea that will cost $800 million over the next four years.  Super funds have called for an expanded taxpayer-funded safety net as part of a Senate inquiry into non-payment of the 9.5 per…