If your workplace goes bankrupt, your employment can end with a two-week notice period. You might not get your salary or other payments. The pay security system ensures that workers get their salaries and other employment-related payments if the employer cannot pay because of insolvency. You must apply for pay security within three months after…
The number of bankruptcies increased significantly in 2024 compared to the previous year. According to Statistics Netherlands (CBS), almost 4,300 companies were declared bankrupt last year. That is an increase of 30 percent compared to 2023 when the number of bankruptcies was nearly 3,300. The number of bankruptcies in 2024 was the highest in eight…
How Abengoa Group impacted the Spanish economy EY Read the original article here
Sally Sara: A wave of business insolvencies is sweeping through the nation’s economy at a level not seen for more than a decade. ASIC expects more than 10,000 companies will enter administration by the end of this financial year as inflation dogs the economy. Some businesses are being squeezed between rising wages and costs and…
Yorkshire and Humber firms account for 10% of administrations last year as national insolvencies rise The Yorkshire Post Read the original article here
M Den owner announces company’s bankruptcy ahead of potential sale MLive.com Read the original article here
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Punjab & Sind Bank rejects Supertech Township Projects’ settlement proposal. NCLAT will now decide on the insolvency of the debt-ridden realty firm. The matter is scheduled for January 23rd. New Delhi, Jan 11 (PTI) Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take…
MotoGP, KTM in MotoGP: Fresh capital is on the way, but Pierer will lose control GPOne.com Read the original article here