Consumer and business insolvencies reach 15-year high in 2024 – CTV News
Consumer and business insolvencies reach 15-year high in 2024 CTV News Read the original article here
Wbg warns directors against improper company closures and phoenixing
Wbg has cautioned directors against the repercussions of failing to deal with failing companies in the proper manner and illegal ‘phoenixing’. The caution follows reports that a Scottish company director used a ‘corporate rescue’ process to shut down his winter sports business and dodge paying out money to staff by paying bogus directors to take…
Business start-ups rise by a third as insolvency-related activity falls across Yorkshire and Humber – The Scarborough News
Business start-ups rise by a third as insolvency-related activity falls across Yorkshire and Humber The Scarborough News Read the original article here
Business start-ups rise by a third as insolvency-related activity falls across Yorkshire and Humber – Bridlington Free Press
Business start-ups rise by a third as insolvency-related activity falls across Yorkshire and Humber Bridlington Free Press Read the original article here
Yorkshire and Humber region sees business start-ups rise as insolvency-related activity falls – Dewsbury Reporter
Yorkshire and Humber region sees business start-ups rise as insolvency-related activity falls Dewsbury Reporter Read the original article here
Yorkshire & Humber sees surge in business start-ups as insolvencies decline – Halifax Courier
Yorkshire & Humber sees surge in business start-ups as insolvencies decline Halifax Courier Read the original article here
Free State ActionSA calls for acting Premier Jabu Mbalula’s removal – SABC News
ActionSA in the Free State says Premier Maqueen Letsoha–Mathae should be held accountable for appointing Jabu Mbalula as the acting Premier despite reports that he’s insolvent and under debt administration. The party says the appointment is potentially unlawful because individuals declared insolvent are disqualified from holding public office. ActionSA has called for Mbalula’s immediate removal. The party’s provincial chairperson, Patricia Kopane, says…
GoFirst lenders rethink liquidation amidst EaseMyTrip co-founder Nishant Pitti’s second bid
As GoFirst teeters on the brink of liquidation, a glimmer of hope emerges with EaseMyTrip co-founder Nishant Pitti. His company, Busy Bee, has informed the National Company Law Appellate Tribunal (NCLAT) that it is in discussions with lenders to rescue the struggling airline. Company Value Change %Change The NCLAT is hearing a plea by Pitti…
Directors warned of repercussions of illegal ‘phoenixing’
Audit firm, Wbg has warned directors against the repercussions of failing to deal with failing companies in the proper manner and illegal ‘phoenixing’. The caution follows reports that a Scottish company director used a ‘corporate rescue’ process to shut down his winter sports business and dodge paying out money to staff by paying bogus directors…
Haydale places “loss-making” US arm into corporate insolvency process – Insider Media
Haydale places “loss-making” US arm into corporate insolvency process Insider Media Read the original article here