Photo: RNZ / Louise Ternouth A small business which worked on school lunch provider Libelle Group’s production line equipment said it was “blindsided” by the provider going into liquidation. A report by liquidators’ Robert Campbell and David Webb of Deloitte on Tuesday found Libelle Group owed more than $14 million to 248 creditors. One of…
“KTM is saved!”, many outlets proclaimed a few short weeks ago when the Austrian insolvency courts stated that the company, its debtors, and its shareholders had come to an agreement on how to move forward after basically declaring bankruptcy last year. They were saved! Production is set to resume. And the company’s beleaguered CEO, the…
Highlights The Insolvency and Bankruptcy Board of India has mandated that the Information Memorandum must disclose the carry forward of losses as per the Income Tax Act, 1961, enhancing the transparency and comprehensiveness of the insolvency process. Insolvency Professionals are now required to conduct thorough financial and tax analyses to accurately capture the details of…
For more than thirty years, college students have been assured that their student loan debts would not follow them forever. The federal government promised that if they paid a portion of their income every month, after a certain number of years any remaining debt would be forgiven. This fundamentally important component of the federal student…
Southern Water is seeking debt relief from some of its creditors, it was reported on Wednesday, as its owner Macquarie Asset Management injected fresh capital into the struggling UK utility. According to Bloomberg, which cited people familiar with the matter, the company had approached creditors holding riskier debt at the holding company level, asking them…
The economic landscape of Thailand is currently facing considerable challenges, marked by a significant decline in the SET INDEX, which has fallen to approximately 1,159 points. This drop reflects an alarming loss of investor confidence since Prime Minister Phaethongthan Shinawatra assumed office in August last year when the index was at 1,303, signifying a decrease…
Latest analysis by Allianz Trade has predicted that global business insolvencies will keep rising over the next two years. Insolvencies rose by 10% in 2024, and are expected to grow by 6% in 2025 and 3% in 2026. This would result in five successive years of increasing insolvencies (2022 – 2026). The UK bucks both…
TALi Digital’s Partner Genius Enters Voluntary Administration TipRanks Read the original article here
Today’s company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to…
Allianz Trade Insolvency Report Global Banking And Finance Review Read the original article here