8. “Life changes at the drop of a dime. I went from a nice-paying job to going through my first job loss during a company restructure in COVID to being unable to find work and having to resort to serving at a restaurant and doing delivery apps. The restaurant went bankrupt.” “I got a temp…
Brighton’s GAK – a pillar of the UK music retail industry – has faced weeks of speculation after closing its store and shutting down its website in March. As rumours of the retailer’s fate swirled, industry spectators spotted a listing on UK business marketplace Business Sale Report, advertising a “Musical Instrument Retailer and Supplier” seeking…
A GERMAN club has been declared bankrupt, with all players released immediately. Fourth-tier side KFC Uerdingen will no longer be able to finish the 2024/25 season. 1 KFC Uerdingen will no longer be able to complete the remainder of the season after being declared bankrupcyCredit: Getty On Tuesday, an insolvency administrator ordered the immediate suspension…
*Editor’s note: This blog is the second in a series addressing the global debt crisis. Read the first here. In today’s world, money and power are tightly intertwined. Many low- and middle-income countries around the globe lack the monetary resources they need to build robust education, health care, and infrastructure systems, harming their ability to…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
James Hickmann, founder of South Australian-based LED lighting and technology company Vailo, has been declared bankrupt by the Federal Circuit Court in Adelaide after failing to repay a $600,000 loan. The decision automatically disqualifies Hickmann from managing corporations or holding positions such as director of more than 50 of his companies, including Vailo. As reported…
REVEALED | Fashion brand that was inspired by founder’s time at uni owes £0.5m David Johnston, founder of OutsideIn A Belfast-based clothing firm with a mission to collect items for the homeless from customers has gone into liquidation owing over £500,000, the Belfast Telegraph can reveal. According to Companies House filings, liquidators from Manchester-based FRP Advisory…
Executive Summary On 28 September 2022, the Federal Government, through the Parliamentary Joint Committee on Corporations and Financial Services (the Committee), commenced an inquiry into the effectiveness of Australia’s corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy (the Inquiry). See here the link to our earlier…
Singapore Corporate Insolvencies Reach Highest Level Since 2010 Bloomberg.com Read the original article here
Directors’ “Creditor Duty” in Singapore: Guidance for Creditors Ashurst Read the original article here