Personal insolvency professionals predict spike in cases through Q4 – Credit Strategy

23 Jul 2020 Nearly two thirds of insolvency professionals who expect personal insolvencies to rise this yearbelievethe increase will kick inbetween October and December,a study has found. Lauren Tavener Recent History and Economics graduate and content writer for Credit Strategy. Lauren Tavener Recent History and Economics graduate and content writer for Credit Strategy. R3, the…

End of the road for French coach giant Eurolines as company goes into liquidation after 35 years – Euronews

A French court on Tuesday placed long-distance coach company Eurolines into compulsory liquidation, a lawyer for the firm’s employees told AFP. After 35 years, the French transport giant will stop operations on Friday. It came after Eurolines was bought out by German group FlixBus last year, but unions have claimed the holding company refused to…

McWilliam’s Wines may have been insolvent six weeks before bust – The Australian Financial Review

A separate accounting firm, McGrath Nicol, had been providing ”safe-harbour” advice to the McWilliam’s directors before that. Safe-harbour provisions in the Corporations Act are aimed at helping directors navigate through complex rules as a company attempts to restructure in pursuit of a better overall outcome. “McGrath Nicol, who had been providing Safe Harbour Advice to…