China Property Crisis: Beijing Says Troubled Developers Should Go Bust

China’s housing minister said Beijing will not be bailing out the country’s distressed property developers. “Real-estate companies that are seriously insolvent and have lost their operating capabilities must go bankrupt and be restructured in accordance with the principles of the rule of law and marketization,” Ni Hong, China’s minister for housing and urban-rural development, said…

Guide To Insolvency In Australia – Forbes Advisor Australia

Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} Australia’s business landscape has seen a steady rise in the number of insolvencies in recent months as cost-of-living pressures bite and economic conditions slow down. Although numbers had declined for several years, business collapses are now back above pre-pandemic trends, putting the spotlight…

The worrying rise in corporate busts

Companies are collapsing at the fastest clip in years, as soaring interest rates push their borrowing costs sharply higher, while slowing economic activity is causing sales to languish. The move by troubled US chemist chain Rite Aid Pharmacy to file for bankruptcy on Sunday has added another name to the list of US corporate casualties…