Get your houses in order, Aussie businesses urged – Mortgage Professional Australia

John Kukulovski, partner with insolvency solutions and restructuring firm RRI Advisory, said EOFY is a challenging time even for businesses that are doing well. Its crucial that directors use this time to take stock of their companys financial health and identify any opportunities and issues for the coming year, Kukulovski said. As insolvency professionals, we…

Now is the time for a business 'health check', says insolvency body – AccountantsDaily

Australian business owners and accountants are being told now is the time to conduct a health check on their organisations before the new financial year begins.  Director at Insolvency Australia, Gareth Gammon said as the number of insolvencies began to rise, owners and accountants alike needed to ensure their organisations were in a healthy position. …

Sales assistant has 1.1m debt written off with 900 going to creditors – BreakingNews.ie

The High Court has approved a Personal Insolvency Arrangement allowing a sales assistant write off more than 1.1 million of debt owed mainly to financial institutions. Mr Justice Alexander Owens approved a PIA which will allow 52-year-old Fergal Shine, with an address at Waterville, Bealnamulla, Athlone, Co Roscommon, to return to solvency. The court heard…

England and Wales report 40% rise in company insolvencies – Yahoo Canada Shine On

By David Milliken LONDON (Reuters) -Company insolvencies in England and Wales last month jumped 40% year on year to the highest level since monthly records began in January 2019, government data showed on Friday. In May, 2,552 companies were declared insolvent, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up…

Methodology and Quality Document – Monthly Insolvency Statistics … – GOV.UK

The Insolvency Service Published 16 June 2023 Contents 1. Data Sources 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National…