Napthens: Blackburn law firm appoints business recovery specialist amid ongoing expansion – Lancashire Telegraph

ONE of East Lancashires leading insolvency law firms has appointed a new specialist to its business recovery team as part of a planned expansion. Matthew Martin will be joining Blackburn firm Napthens after completing his training contract in Cheshire and developing specialist skills and knowledge in insolvency law. Mr Martin, a University of Sheffield graduate,…

We’re facing an insolvency tsunami. With luck, these changes will avert the worst of it – unsw.edu.au

Ahead of the budget, the government has announced new rules that will allow small businesses at risk of collapse to continue to work out their problems instead of appointing an administrator. They are needed because of an avalanche of insolvencies awaiting the end of an effective moratorium on bankruptcies (a so-called regulatory shield) that expires…

Frydenberg’s insolvency overhaul will give SMEs much-needed leeway – SmartCompany.com.au

Treasurer Josh Frydenberg. Ahead of the budget, the government has announced new rules that will allow small businesses at risk of collapse to continue to work out their problems instead of appointing an administrator. They are needed because of an avalanche of insolvencies awaiting the end of an effective moratorium on bankruptcies (a so-called regulatory…

Remington Outdoor, bankrupt gunmaker, to be sold in pieces to seven buyers – New York Post

Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show. The biggest sale will go to Minnesota-based Vista Outdoor, which said it will pay $81.4 million for Remingtons brand and trademarks along with parts of its ammo and accessories business including…

We’re facing an insolvency tsunami. With luck, these changes will avert the worst of it – The Conversation AU

Ahead of the budget, the government has announced new rules that will allow small businesses at risk of collapse to continue to work out their problems instead of appointing an administrator. They are needed because of an avalanche of insolvencies awaiting the end of an effective moratorium on bankruptcies (a so-called regulatory shield) that expires…

Supreme Court Raises The Stakes For Directors Of Distressed Businesses – Scoop.co.nz

Monday, 28 September 2020, 1:12 pmPress Release: Minter Ellison Rudd Watts The Supreme Court last Thursday released its long awaited decision on directors duties engaged on a companys insolvency Debut Homes Limited (in liquidation) v Cooper [2020] NZSC 100. The decision has profound implications for directors confronted with a business experiencing material financial distress and…