Bankruptcy restrictions for property developer who misled investors – GOV.UK

London property developer subject to bankruptcy restrictions totalling more than 13 years. Glenn Armstrong gave false and misleading information to obtain 273,000 from four individuals after a creditor applied to make him bankrupt in April 2018  Creditors lost hundreds of thousands of pounds because of transfers Armstrong made following the presentation of the bankruptcy petition …

A single insolvency regime with a single insolvency regulator? | Middle East | Global law firm – Norton Rose Fulbright

This article was co-authored with Queenie Mok.   In our earlier Legal Update, we outlined the findings of the Parliamentary Joint Committee on Corporations and Financial Services Final Report on Corporate Insolvency in Australia. Recommendation 3 of the Report was a comprehensive review to consider and make recommendations on the options to enhance public interest…

ATO chases small businesses for $34b in debt, insolvencies tipped to hit post GFC levels – ABC News

The tax office is chasing more than $34 billion worth of debts owed by small businesses and self-employed Australians that were put on hold during COVID, and sometimes using aggressive enforcement action to collect the money, which experts say is sending some businesses to the wall.  Some experts are predicting that the rate of insolvencies…