Insolvency upswing – the surge in company dissolutions and the residual assets dilemma – Dentons
Insolvency upswing – the surge in company dissolutions and the residual assets dilemma Dentons Read the original article here
Collier Homes in liquidation after 60 years in business
One of Western Australia’s biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…
Melbourne pub fined for taking bets from boy, 16, with nearly $100,000 in gambling debts | Gambling
A 16-year-old Melbourne boy was able to gamble nearly $100,000, including at suburban pubs, despite his mother desperately seeking help, a court has heard. The Melbourne magistrates court heard that when his mother discovered his gambling habits, she began a frantic mission to get him help, only to be repeatedly turned away. In April last…
Dutch arm of vertical farming startup Infarm declared bankrupt – Sifted
Dutch arm of vertical farming startup Infarm declared bankrupt Sifted Read the original article here
The Secret Brewer: Voluntary Administration Part II
In part one of The Secret Brewer: Voluntary Administration, a brewery owner discussed a number of their concerns surrounding the impact of two years of VAs across the local beer industry. We put a number of questions raised by the article to the people running breweries that have been through the VA process in the past…
Why the HELP debt system needs a rethink
Loading Let me explain how that average person would have ended up there. HELP is an income-contingent loan, which means graduates do not start paying it off until they are earning above a particular threshold. Once a graduate starts earning more than $51,550, their employer needs to start deducting HELP repayments from their pay alongside…
The Body Shop Belgium declared bankrupt
The Body Shop‘s Belgian branch has been declared bankrupt. A German buyer is reportedly already in place to acquire the profitable remains. Done deal The bankruptcy was declared in the Netherlands, because the Belgian activities are part of the same entity as the Dutch shops. The receiver has not yet announced what the consequences are…
Distressed M&A and corporate insolvency: what are the options?
Corporate insolvencies in England and Wales are now at their highest level since 2009. The rise in insolvencies follows the end to the Government’s Covid-19 support schemes, the buildup of debt post-pandemic, unprecedented inflation and interest rate increases. More frequently than ever, questions are being raised as to what happens if a company is suffering…
Family Says Gambling Debt on Cruise Caused Man to Jump
The family of a man who passed away after going overboard during an Australian cruise last week has a hit out at the cruise line’s gambling policy. Shane Dixon, 50, went overboard just ten nautical miles from docking in Sydney on the Elvis-themed sailing aboard P&O Cruises Australia ship, Pacific Adventure. (Photo courtesy of P&O…
Building a core rule-based decision tree to explain the causes of insolvency in small and medium-sized enterprises more easily
Methodological process Figure 1 shows our research framework. First, we collected datasets on the technological feasibility assessment used in the actual lending progress to SMEs. In the preprocessing step, we extracted technological feasibility assessment information of the manufacturing industry. We divided the datasets into three types, a general type, a technology development type, and a…