PENNSYLVANIA To say that 2020 was a brutal year for brick-and-mortar retailers and restaurants across America is an enormous understatement. Owing to the worst domestic public health crisis in a century, corporate bankruptcies in those industries increased significantly from 17 in 2019 to 30 this year. When the coronavirus outbreak began out in March, stores…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 31 bankruptcies in week 51, 3 fewer than in week 50. In addition, 16 sole proprietorships were declared bankrupt, 8…
Business The latest annual personal insolvency statistics for 2019, released by the Insolvency Service, show that even before the financial effects of Covid-19 hit peoples incomes, Yorkshire once again saw above average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority in England and Wales. Thursday, 24th December 2020, 11:45…