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Category Archives: Bankruptcy

The location going for broke as a bankruptcy hot spot – Noosa News

BankruptcyBy Insolvency GuardianJune 18, 2020

NORTHERN EXPOSURE NORTH Lakes, north of Brisbane, has emerged as one of Australia’s worst bankruptcy hot spots. According to figures from the Australian Financial Security Authority, the suburb in the heart of Brisbane’s mortgage belt had the highest per capita number of personal insolvencies at the end of March. The percentage was 0.096 per cent,…

Has the market dislocated from reality again? – Professional Planner

BankruptcyBy Insolvency GuardianJune 18, 2020

Prior to the March sell off this year, our flagship fund held almost 30 per cent in cash and our small companies fund held more than 40 per cent in cash. In December/January the ASX200 Industrials Index was trading at a record 26 times 12-month forward earnings. At the same time, one-year-forward earnings estimates had…

60 bankruptcies in week 24 – Statistics Netherlands

BankruptcyBy Insolvency GuardianJune 18, 2020

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. Not including sole proprietorships, there were 54 bankruptcies in week 24. This is 10 down on the previous week. In addition, 6 sole proprietorships were declared…

Aston Martin: Turnaround in play or an Accident waiting to happen? – Livewire Markets

BankruptcyBy Insolvency GuardianJune 18, 2020

Less than two years after its high-profile listing, shares in Aston Martin have shed over 95% of their value. Has the brand lost its mojo, or will its corporate restructuring efforts mark the beginning of something special for the luxury car manufacturer? A pedigree dating back more than 100 years Formed in 1913, the British…

Insolvency rates to flow when stimulus tap turns off – Sunshine Coast Daily

BankruptcyBy Insolvency GuardianJune 17, 2020

ONE of the regions largest liquidation firms fear waves of insolvency rates will flow on the Sunshine Coast once the government support tap turns off. Worrells Solvency and Forensic Accountants partner Paul Nogueira said insolvency rates had been down since March due to the Federal Governments lifeline packages which kept businesses afloat. READ: No incentive:…

How Bez blew £50k Big Brother prize money to be declared bankrupt twice – Mirror Online

BankruptcyBy Insolvency GuardianJune 17, 2020

Happy Monday’s legend Bez went into the Celebrity Big Brother house unashamedly admitting he was in it for the money. The Manchester maraca player had been declared bankrupt months before he signed up to the Channel 4 show and he was determined to use his fee – or even better the winnings – to pay…

The location going for broke as a bankruptcy hot spot – Daily Mercury

BankruptcyBy Insolvency GuardianJune 17, 2020

NORTHERN EXPOSURE NORTH Lakes, north of Brisbane, has emerged as one of Australia’s worst bankruptcy hot spots. According to figures from the Australian Financial Security Authority, the suburb in the heart of Brisbane’s mortgage belt had the highest per capita number of personal insolvencies at the end of March. The percentage was 0.096 per cent,…

Exact moment Qld’s insolvency tsunami will hit – Daily Mercury

BankruptcyBy Insolvency GuardianJune 17, 2020

WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…

Exact moment Qld’s insolvency tsunami will hit – CQ News

BankruptcyBy Insolvency GuardianJune 16, 2020

WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…

Corporate Insolvency and Governance Bill: Behind the Detail – ICLG.com

BankruptcyBy Insolvency GuardianJune 16, 2020

UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead… Further to our last update on prospective changes to the UK insolvency regime in light of COVID-19, the UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead of several other…

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