The Australian business of spirits distributor Proof & Company has entered voluntary administration, citing economic challenges. The company said on LinkedIn it had placed Sa’Pere Drinks, trading as Proof & Company Australia, into voluntary administration last week, adding that it was a difficult decision. The firm cited challenges of a local economic downturn and a…
Report reveals details of 48-strong construction firm administration – all staff made redundant Insider Media Ltd Read the original article here
Tax office target in Mrs Mac’s blue The West Australian Read the original article here
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 2.9% in March 2025 to a total of 1,992 when compared to February 2025’s total. Business insolvencies increased by 9.1% when compared to March 2024’s figure of 1,826 than the same month in the…
Poonawalla Fincorp Limited (PFL) has implemented an AI-powered debt management platform to streamline its collection processes, the company announced today. The shares of Poonawalla Fincorp Limited (PFL) were trading at ₹378.10 down by ₹2.30 or 0.60 per cent on the NSE today at noon. The new technology features an autonomous engine that analyzes customer interaction…
Contingency Planning, Bankruptcy, Insolvency Services EY Read the original article here
Issue in Aussie surf brand collapse The Australian Read the original article here
Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…
Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency. Simon Cathro, Managing Partner at Cathro & Partners, said that the launch of the new offering comes in response to growing demand for personal insolvency work, at a time when the number of companies and…
The Insolvency and Bankruptcy Code (IBC), 2016 was enacted to consolidate and harmonize India’s insolvency law by repealing several overlapping legislations, including the Companies Act, 1956, and the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, that led to delays, inefficiencies, and uncertainty, adversely affecting businesses, creditors, and the economy. The IBC…