Most failed companies entering liquidation in Australia leave creditors with little or nothing, a new ASIC review has found – and the data arrives as insolvency continues to run at elevated levels across the economy. ASIC published Report 843 on Tuesday, examining 26,664 liquidation appointments between July 1, 2021 and June 30, 2025. The regulator…
The trans-Tasman security group entered voluntary administration last week, four years after it was acquired out of receivership by New York-based global asset manager Arena Investors. Optic Security’s former site at Auckland airport. © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. An urgent…
English football club’s parent company threatened with liquidation Joe.co.uk Read the original article here
FTC Secures $106.8 Million Judgment and Permanent Ban Against Debt Relief Scheme ACA International Read the original article here
Supreme Court Upholds Binding Nature of Creditors’ Approved Resolution Plans, Directs NCLT to Decide Rival Applications and Rejects Improved Profitability Alone as Valid Withdrawal Ground Facts Creditors of a corporate debtor operating a national-highway toll project approved a resolution plan proposed by a successful resolution applicant (SRA), involving ₹172.55 crore. Litigation and a Supreme Court…
Liquidator says failure to account for taxation ended Ōamaru hospitality business’s trading The Press Read the original article here