Bankruptcy reform to lift economic recovery – The Australian Financial Review

Approached by The Australian Financial Review to comment, Mr Porter said: “The government is considering Australias personal insolvency settings to make sure they best support our economic recovery from the impacts of COVID-19, including considering the default bankruptcy period. “The nature of the personal insolvency system, and the bankruptcy default period, is that it necessarily…

Small business insolvency reforms land in Parliament – AccountantsDaily

Legislation setting out reforms to Australias insolvency framework has now been introduced into Parliament. The Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 has now been introduced, laying out significant changes that the government contends will help small businesses restructure and survive the economic impact of COVID-19. The reforms are set to kick in from 1…

Fewer bankruptcies in October – Statistics Netherlands

Download CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2016 November 417 2016 December 332 2017 January 336 2017 February 292 2017 March 304 2017 April 263 2017 May 281 2017 June…

Couple whose firm provided security for Corrib gas pipeline declared bankrupt – BreakingNews.ie

A couple whose company provided security for the Corrib gas pipeline in Co Mayo have been declared bankrupt by the High Court. James and Grainne Farrell were majority (58 per cent) shareholders in Business Mobile Security Services Ltd (BMSS) which, among its services, supplied security personnel to Shell during the construction of the pipeline and…

Insolvency and restructuring trade body explains how to spot businesses in distress – Business Up North

Eleanor Temple chair of trade body R3 Months after the initial lockdown, it has become clear that the pandemic will create long-term or even lasting changes that will mean some businesses are no longer viable. As the Government gradually withdraws the support packages available, it is vital that managers assess their business in light of…

Luxury lodge Sentry Rock on the Hawkesbury River on the market for about $12 million – Commercial Real Estate News

When the owners of a luxury resort-style estate on the NSW Hawkesbury River decided to sell, they asked agent Deb Cullen for her opinion of when would be the right time. Right now, the co-principal of agency Cullen Royle said immediately. At the moment, were seeing a huge upswing in demand for lifestyle properties since…

Restaurant Association urges government to compensate part of catering companies’ losses – Baltic Times

RIGA – The Restaurant Association has submitted a number of proposals to the government that is currently working on support mechanisms for the hospitality industry during the Covid-19 pandemic, which suggest partial compensation for a fall in catering companies’ turnover and reducing the value added tax for the industry for at least eighteen months after…