Don’t Miss UK company insolvencies fall to lowest since 1989 – Global Banking And Finance Review

By David Milliken LONDON (Reuters) Company insolvencies in England and Wales fell to their lowest level in more than 30 years during the first three months of this year, as government support measures helped businesses hit by the coronavirus pandemic to ward off bankruptcy. Britain suffered its sharpest fall in economic output in more than…

Personal insolvency regulator sends independence warning to practitioners – AccountantsDaily

Insolvency practitioners have been urged to steer clear of dual appointments, contentious referral relationships and other conflicts of interest as the regulator issues a new report shining a spotlight on independence threats. The Australian Financial Security Authority (AFSA) on Wednesday released a new report, Practitioner independence in the personal insolvency system, to clarify what practitioner…

Scottish company insolvencies expected to rise steeply – BBC News

By Douglas FraserBusiness and economy editor, Scotland image copyrightGetty Imagesimage captionThe number of insolvencies is expected to rise despite coronavirus restrictions easing The number of Scottish companies facing insolvency is expected to rise steeply as government loans have to be paid. It comes despite restrictions on the economy being relaxed. R3, the trade body for…

Greater Sudbury to petition province once again about helping Laurentian University – CBC.ca

Greater Sudbury council says it’s renewingits call to the province to intervene in the insolvency proceedings that are currently underway at Laurentian University. This is the second time the citywill officially petition the province on the matter, which began Feb. 1, when the university declared itself financially insolvent and entered restructuring proceedings under theCompanies’ Creditors…