The Australian Bureau of Statistics (ABS) has found that the number of microbusinesses (one to four employees) in Australia has recovered following a 5 per cent fall from 728,753 in 2021–22 to 688,870 in 2024–25, with one insolvency practitioner stressing the importance of engaging early with trusted advisers and exploring options involving small business restructuring…
High Court rules that administrators can recover funds in an insolvent company’s bank accounts despite potential third-party proprietary claims Herbert Smith Freehills Kramer Read the original article here
Enthusiast Gaming reported a fourth consecutive quarter of positive adjusted EBITDA on Aug. 12, the same day it filed interim financial statements disclosing that all C$45 million CAD ($32.4 million USD) of its debt sits in default and that its cash cannot fund operations for the next 12 months. According to the company’s Aug. 12…
Casino and resort operator Bally’s issued a warning that it may struggle to keep up with its debt burden over the next year, and there is “substantial doubt” about its ability to remain a going concern. The company made the disclosure in its second quarter earnings report filed with the Securities and Exchange Commission (SEC).…
The number of Americans who file for bankruptcy is growing. More than 500,000 people took this step in 2025, nearly 50% more than in 2022. And the numbers have kept on climbing, with a 12% jump in June 2026 from a year earlier as many consumers struggled to pay their bills. I am a business…
Gravitilab UK goes bust | Advanced Television Gravitilab UK goes bust August 19, 2026 By Chris Forrester … Read the original article here
The National Company Law Tribunal (NCLT) has allowed aircraft lessor Aviator ML to withdraw its insolvency plea against SpiceJet after the two sides reached a settlement, ET Now reported. The tribunal, however, imposed a fine on both parties for informing it about the settlement after the case had reached the stage of final orders. The…
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Ganado Advocates Wednesday, 19 August 2026, 07:32 Last update: about 9 minutes ago A company can only act through its organs. Its board of directors manages it, and the shareholders (through the general meeting) appoint the board. Where a director’s seat is vacated, a new director…
FRIDAY EDITION Did Treasury declare US ‘insolvent’? Here’s the bottom line In March 2026, posts claimed the U.S. Department of the Treasury declared the U.S. government insolvent, which would mean the government had lost its ability to repay its debts. The rumor spread after the Treasury published financial statements last Monday for the previous fiscal…