Annual ASIC insolvency data reveals increase in companies failing – The National Tribune
Annual ASIC insolvency data reveals increase in companies failing The National Tribune Read the original article here
Fact Check: Has Trump declared bankruptcy four or six times? – The Washington Post
Fact Check: Has Trump declared bankruptcy four or six times? The Washington Post Read the original article here
At least 26 English councils ‘at risk of bankruptcy in next two years’ | Local government
At least 26 councils in some of Britain’s most deprived areas are at risk of effective bankruptcy within the next two years, according to a leading local government group, which says many authorities simply have “nothing left”. Britain’s local government network has been shaken by a string of financial collapses in the past two years,…
Birmingham city council declares itself in financial distress | Local government
Birmingham city council, the largest local authority in the country, has in effect declared itself bankrupt after issuing a section 114 notice, signalling that it does not have the resources to balance its budget. The notice, preventing all but essential spending to protect core services, was issued on Tuesday with council leaders blaming a £760m…
Liberty Steel’s Czech Woes Deepen as Unit Fails to Lure Buyers
Metals magnate Sanjeev Gupta’s efforts to sell his troubled Liberty Ostrava steelworks hit a setback as the Czech government said potential buyers had lost interest in taking over the company. Gupta’s Liberty Steel has been looking to divestBloomberg Terminal its Czech operations after a court declared the dormant unit with about 5,000 employees insolvent and…
Small business restructuring to surpass voluntary liquidations
Left: Richard Lawrence of Mackay Goodwin. Source: Supplied. Recent data released by the Australian Securities and Investments Commission (ASIC) reveals a record high of 1,245 insolvency appointments in May 2024, marking a 44% increase from a year ago and a remarkable 122% surge compared to 2022. This upsurge in business failures has been linked to adverse…
Processing unit of Canada’s only rare earths miner goes bankrupt
The decision, among Vital’s findings in the review that it began in April, was also made to allow the best chance of advancing the Tardiff deposit, part of its Nechalacho rare earths project in the Northwest Territories, Vital said. The company said in a July release that the review had largely been completed. Vital’s other…
Flying Fish Brewing Co made bankrupt after sale falls through
New Jersey brewery Flying Fish has filed for bankruptcy after a planned sale to Cape May Brewing Co collapsed. Instagram / @flyingfishbrew Flying Fish Brewing Co, based in Pennsylvania, New Jersey, has filed for bankruptcy protection after a sale of its assets to Cape May Brewing Co failed to go through. The bankruptcy petition, filed…
Bankruptcies up by over 50 percent in 2023
Download CSVShow datatable Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days 2020 January 311 2020 February 333 2020 March 280 2020 April 382 2020 May 406 2020 June 257 2020 July 227 2020 August 195 2020 September 212 2020 October 190 2020 November 210 2020 December 174 2021…
Why Blockbuster really went bankrupt, according to its former CEO
Like most things in life, the real story is more complicated. What follows is Keyes’ insider account. Education is freedom Keyes was perhaps an unlikely CEO. In his new book, Education is Freedom – which he was encouraged to write by his friend Steadman Graham, an author and Oprah Winfrey’s partner – he details his…