Summary The UK Insolvency Service published a consultation on 25 March 2026 (closing 17 June 2026) proposing the most comprehensive reform of corporate civil enforcement in four decades. The reforms would expand the Insolvency Service’s remit beyond insolvency to cover all corporate misconduct in live, insolvent, or dissolved companies. Key proposals include: (1) structural reforms:…
The government has said it will hold off on adopting any recommendations from the insolvency inquiry until it has completed its inquiry into business dynamism. The government has issued its response to recommendations from the parliamentary joint committee that undertook an inquiry into corporate insolvency in 2023. In its final report, the committee said Australia’s…
Andy Burnham is considering ripping up the country’s insolvency laws to make it easier to bring key utilities such as Thames Water under public control. Sources have told the Guardian the prime minister is considering a range of options as he seeks ways of delivering on his promise to radically reshape the way England’s water…
Bathla Group Management Probes Australia’s Surge in Property Private Credit TechStock² Read the original article here
‘Nowhere to go’: developer collapse sparks buyer fears The Canberra Times Read the original article here
Housing association VIVID has teamed up with Citizens Advice to help tenants across VIVID’s homes in the south of England write off more than £750,000 of unmanageable debt over the last two years. Since the collaboration between VIVID’s tenancy support team and Citizens Advice Rushmoor’s regional Debt Hub began in 2024, the two organisations have…
When tackling something challenging, coming up with a plan is often a good first step. That is certainly the case when it comes to paying down debt, especially when your balance is already overwhelming and still ballooning thanks to interest. Debt management plans, which are created and administered by credit counseling agencies, aim to give…
Founded in 2009, the Dunfermline-based Allan Corfield Architects (ACA) had offered specialist services in the self‑build and custom‑build business sectors. Along with Allan Corfield Structures (ACS), which was established in 2020 to provide structural engineering services to ACA’s clients, the two firms employed 14 staff. However, the businesses were handed over to liquidator Shona Campbell,…
Judge orders Chapter 7 liquidation for First Brands Group Trucks, Parts, Service Read the original article here
Mayor Brandon Johnson says the city will refinance up to $525 million in debt to dig itself out of a now $85.1 million budget hole caused by a slew of so-far-fruitless revenue streams passed in the City Council’s spending plan. Johnson had repeatedly warned of a $130 million hole in the City Council-crafted budget, but…