When Duan Jun, a father from the city of Dongguan in southern China’s Guangdong Province, paid full-year tuition for his child in advance, he never thought that the online education institution would go bankrupt. Xuebajun, a video-tutoring platform that follows a one-on-one format, was recently reported to be in dire financial situation and was on…
Published 5 January 2021 Fees for personal insolvency applications will continue to be waived until at least the end of 2023, Justice Minister Helen McEntee has announced. The waiver of all fees payable to the Insolvency Service of Ireland and to the courts was first introduced in 2014 and previously extended in 2017. It will…
NEW figures have revealed insolvency rates in the coastal town of Scarborough are the highest in the country. The shock statistics show rates in the North East, Yorkshire and the Humber and the North West are the worst in England and Wales. The insolvency trade body R3 says the statistics are a stark reminder of…
Whilst Australian businesses currently enjoy the financial comfort blankets provided by both the Governments COVID financial measures and an ATO approach to tax debts that is both forgiving and non-aggressive, it is inevitable that the financial tap will be turned off and the ATOs debt teams will Whilst Australian businesses currently enjoy the financial comfort…
For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economi… For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian…
What I am presenting here is a plea, or proposing a new year resolution for bankers, fund managers, and politicians to take a new approach to mortgage arrears in Ireland. Back in October 2012, I broke from standard Civil Service practice in calling publicly for solutions that involve a much more dramatic write-off of debt…
Hunter Business Chamber expects a “shaking out” of unviable companies after a suite of emergency protections ends on January 1. Many vulnerable businesses face the reversal of rules which have shielded directors from personal liability and allowed companies to trade while insolvent. The period for temporary debt protection for debtors will revert from six months…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Download CSVShow datatableNumber of bankruptcies of businesses and institutions (including sole proprietorships), weekly Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly 2019 1…
Property for sale owned by the bankruptcy debtor TRD Television NOVA DOOEL Skopje. That was how the call for bids was made in May 2019. First under the hammer were Nova TVs computers, its furniture, vehicles and other property. Then came the actual television equipment, offered up in seven batches valued at approximately 500,000 euros.…
Navigating the world of obscure Italian car brands after theyve been infused with cash from Middle Eastern or Asian backers is a little like watching a 1960s spy film with the sound off. Or like reading blind items on the gossip website Page Six.Its beautiful, juicy, and sometimes a little confusing. Bizzarrini famous for its…