Business Restructuring Review Vol. 24 No. 5 | September–October 2025 | Insights
Business Restructuring Review Vol. 24 No. 5 | September–October 2025 | Insights | Jones Day …
Jamie Oliver says his restaurant empire went bankrupt as he was ‘conceptually thick’
“When you hit your foot, when you get a splinter, when you get a burn … if you didn’t have that, you’d be dead 30 years ago. So I think it’s a real true gift.” When Jamie’s restaurant group – which also included Barbecoa – went bankrupt in 2019, 1000 jobs were lost, and 22…
Lauded WA distillery collapses amid plans for $30m expansion – The West Australian
Lauded WA distillery collapses amid plans for $30m expansion The West Australian Read the original article here
Cubitt’s granny flats and home extension enters Voluntary Administration
RSM Australia Partners Richard Stone and Brett Lord were today appointed Voluntary Administrators of Ian Cubitt’s Classic Home Improvements Pty Limited, trading as Cubitt’s Granny Flats and Home Extensions (“Cubitt’s”). Cubitt’s is a privately-owned building company that has been constructing age-friendly self-contained homes and housing extensions across New South Wales and the Australian Capital Territory…
No Cookies | Herald Sun
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No Cookies | Herald Sun
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AI offers new hope for Americans facing credit card debt
Lisa and Tim Gurganus, like millions of Americans, are knee-deep in credit card debt, seeking solutions to manage their financial burdens.”We have a circle of debt. We’re in the center, and debt surrounds us. Yes, debt surrounds us,” they said. Tim Gurganus described the situation as “stressful.”Getting out of debt requires discipline, sacrifice, and sometimes,…
No Cookies | Daily Telegraph
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IMF warns domestic debt restructurings give modest relief but deepen recessions
The International Monetary Fund’s Fiscal Affairs Department has released a new working paper, “Tread with Care: Benefits and Costs of Domestic Debt Restructurings” (WP/25/179), authored by Jean-Marc Atsebi and Jeta Menkulasi. Building on work by the IMF, the Bank for International Settlements, and leading academic research institutes, the study turns its lens on a…
Outlook grim for Kitchen Things creditors owed $16.6m, company on brink of liquidation
“On the basis that no party has proposed a deed of company arrangement [Doca] and the companies remain insolvent, it is the administrators’ current opinion that it would be in creditors’ interests for liquidators to be appointed to the companies,” the report said. Receivers at Grant Thornton are continuing to trade the businesses and sell…