Fisher King, the leading Finnish company behind some of Scandinavia’s biggest scripted hits including “Bordertown” and “The Helsinki Syndrome,” has gone bankrupt amid challenges that have thrown the Scandinavian TV industry into turmoil. Beta Film, which acquired Fisher King in 2019 and subsequently launched the umbrella banner Beta Nordic Studios, said the company was declared…
Higher interest rates are pushing an increasing number of companies into insolvency, according to one of the UK’s biggest insolvency practitioners. Begbies Traynor said it expected to see more businesses tip into insolvency “in tandem with the indicators of corporate financial stress in the UK”, alongside its financial results published on Monday. The Bank of…
Need to know Only 15 out of 61 travel insurance policies in our comparison cover insolvency of an airline No travel insurance policies we review cover insolvency of a travel agent If your travel insurance won’t cover you, you’ll need to process a credit card chargeback The…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
Scottish councils are under a legal duty to produce a balanced budget each year. As such, they cannot go bankrupt in the true sense. If necessary they can use their cash reserves to produce balanced budgets although the reserves of some councils are getting low. But what would happen if a council failed to agree…
In short: A private hospital in Melbourne’s western suburbs has entered voluntary administration. The $140 million Sunshine Private Hospital was opened in March 2023. What’s next? Surgeries have been cancelled, with patients to be transferred to other hospitals. The company behind Sunshine Private Hospital in Melbourne’s west has entered voluntary administration, forcing hospital management to cancel surgeries…
Fugitive former lawmaker Ted Hui Chi-fung has been declared bankrupt for failure to pay the legal costs of proceedings and criminal offences he was involved in before he fled Hong Kong in 2020. High Court Master Kent Yee Kai-siu issued the bankruptcy order against Hui on Tuesday. Hui, who failed to pay the fees for…
In the final statistics release of this year, the Insolvency Service confirmed that there were 2,466 registered company insolvencies in November 2023 (the December figures will be released early in 2024). Not only was this 21% higher than in the previous November, but 7% higher than the figures in October 2023. The company insolvencies in…
One of China’s largest shadow banks warned it’s “severely insolvent”, with a debt pile more than two times higher than assets, according to a letter seen by Bloomberg News. In a further sign of trouble for the nation’s $US3 trillion ($4.6 trillion) trust sector, Zhongzhi Enterprise Group told investors on Wednesday that it has debts…
The Advertiser Essentials $16 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. This subscription entitles you to access 30 locked articles on The Advertiser website only within each subscription period, and does not…