Recently released data from ASIC outlines that the uptake of small business restructuring (SBR) appointments has significantly increased in 2024–25, with an overall positive sentiment and benefit. An SBR process is the first external administrator appointment where directors are able to keep control of an insolvent company, rather than the appointed registered liquidator. You’re out…
Toms River School District Declares Bankruptcy Jersey Shore Online Read the original article here
Dr. Phil launching new media network of ‘citizen journalists’ after his first one goes bankrupt MSN Read the original article here
Controversial Ballymena businessman (34) travelled to island ‘on advice of AI’ and now claims to have found true self Darren Campbell A controversial businessman who racked up more than £450,000 debts before his company was liquidated earlier this year has hinted at a comeback. Darren Campbell indicated he would be returning thanks to the advice…
Dr. Phil launching new media network of ‘citizen journalists’ after his first one goes bankrupt MSN Read the original article here
Good news for the digital printing company Landa Digital Printing, founded by entrepreneur Benny Landa, which has accumulated debts of approximately 1.7 billion shekels (most of it owed to investors and shareholders). The Central District Court on Thursday issued an order to stay proceedings against the company and appointed CPA Shlomi Filiba and Adv. Sigal…
A Christchurch painting and maintenance contractor has gone into liquidation owing creditors an estimated $2.6 million. The collapse of Phil Clarke & Son Ltd has left staff out of pocket by about $100,000 in wages and holiday pay, while Inland Revenue (IRD) is owed $1.8m. The business was placed into liquidation on July 8 by…
A significant uptake in small business restructurings (SBRs) over the last few years, and other data, suggest the SBR regime is playing an important role in assisting struggling small businesses to survive, a new ASIC report reveals. Report 810 Review of small business restructuring process: 2022–24 (REP 810) showed there were 3,388 SBR appointments that…
Lincolnshire Police could declare itself ‘bankrupt’ – the effects explained Lincolnshire Live Read the original article here
risk management gaps for New Zealand companies Meys noted that while D&O insurance is intended to protect directors, officers, and senior managers from legal claims, the insolvency exclusion can leave key decision-makers personally exposed during periods of financial instability. Read the original article here