Following a series of efforts to stay afloat, Booktopia has officially called in the administrators after 20 years of operation. As of 3 July 2024, McGrathNicol Restructuring Partners Keith Crawford, Matthew Caddy and Damien Pasfield have been appointed Voluntary Administrators of Booktopia Group Limited and its subsidiaries. According to an announcement posted on the ASX,…
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The court in Maastricht has declared the commercial general practitioner chain Co-Med bankrupt. The bankruptcy specifically affects Co-Med’s Zorg BV, from which it manages its family doctor practices. The holding company has not been declared bankrupt, NOS reports. On Sunday, the chain announced it was going to file for bankruptcy this week. Last week, the…
The agency feels the average recoveries for lenders will continue to be in the 30-35 per cent range in FY25. 3 min read Last Updated : May 17 2024 | 6:52 PM IST The haircuts taken by creditors in bankruptcy resolutions have increased to 73 per cent in FY24 from the 64 per cent…
This page either does not exist or is currently unavailable. From here you can either hit the “back” button on your browser to return to the previous page, or visit the ABCNews.com Home Page. You can also search for something on our site below. STATUS CODE: 404 Read the original article here
In short: More retailers are going out of business as consumers shut their wallets in response to elevated interest rates and the higher cost of living. Data from ASIC shows insolvencies in the retail sector have more than doubled in the past two years. What’s next? The National Retail Association is pushing for support for small and medium-sized…
90 jobs lost as bakery empire collapses news.com.au Read the original article here
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People and companies go bankrupt every so often—but in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by £23 million ($29 million) in the 2023-24 financial year. This means a…
As a book lover and borderline reading addict, it has pained me to see another book distributor go into voluntary administration, and in fact, it’s answering a few of the questions I have had for months. It was announced yesterday that Booktopia, one of Australia’s biggest and most loved online bookstores, has gone into voluntary…