During the pandemic, many jurisdictions amended their insolvency laws to lessen the impact of the pandemic. In some cases, these amendments operated on a temporary basis until the impact of the pandemic abated. In other cases, more permanent reforms were introduced to improve insolvency legislation generally. In Australia, as noted in the recent report of…
On the ropes due to a lack of consumer spending in its international markets, UK-based party goods manufacturer and retailer Wonder Group (formerly Amscan International) is on the verge of entering into administration. According to reporting from Sky News from yesterday, Wonder is preparing to appoint an insolvency advisor to see it through the UKs…
Fisker was once seen as a potential challenger to Tesla, however, the company by Danish car designer Henrik Fisker never reached a comparative size and fell far short of (its own) expectations in terms of unit sales. And it had been struggling for a long time: the companys great hope, the Ocean electric SUV, was…
In May 2024, the number of registered company insolvencies in England and Wales was 2,006, 6.4% lower than in April 2024. The worst hit sector was construction, accounting for 18% of company collapses, with 4,401 insolvencies in the 12 months to April 2024, reaching a total of 4,401. There is also a stark reminder that…
Published at 18 Jun 2024 Statistics from The Insolvency Service, while in part positive, reveal that businesses in all four nation… Statistics from The Insolvency Service, while in part positive, reveal that businesses in all four nations of the UK continue to face challenging times. The latest UK company insolvency statistics for May 2024, released…
Michelle Elliot Company insolvencies in Scotland rose by 22% year-on-year in May 2024, reaching 118. The latest data from the Insolvency Service showed this was comprised of 71 CVLs, 43 compulsory liquidations and 4 administrations. There were no CVAs and no receivership appointments. The total insolvency rate in Scotland in the 12 months to May…
Recently, news emerged that former Tour de France winner, Sir Bradley Wiggins had filed for bankruptcy and was at risk of being forced to sell his Olympic gold medals. Now, some more details have emerged on the situation. “It is a mess. He has lost everything, absolutely everything. His house, his other home in Mallorca,…
In May there were 118 company insolvencies registered in Scotland, 22% higher than during the same period last year. This was comprised of 71 creditors’ voluntary liquidations (CVLs), 43 compulsory liquidations and four administrations. There were no company voluntary arrangements (CVAs) and no receivership appointments recorded in the figures from Accountant in Bankruptcy, Scotland’s insolvency…
Despite recent reports about his finances and the businesses that were under his name, Bradley Wiggins says he is more comfortable in his skin than ever (Photo: Gian Mattia DAlberto-La Presse) Bradley Wiggins has said he is now happier in my skin than he has ever been, with his remarks coming after a week of…
A building company that straddled two different states and territories has collapsed, leading to a domino effect impacting 130 projects and 80 staff members. On Friday, creditors voted to place Cubitts Granny Flats and Home Extensions into liquidation. The builder worked in both NSW and the ACT and been in business for 30 years. News.com.au…