Bankrupt CA hospitals could stay open under health chains – CalMatters

In summary Two of the three troubled California hospitals are especially vital to their communities because theyre the only emergency providers in their rural counties. Health care chains could keep them afloat. Three California hospitals that declared bankruptcy earlier this year are hashing out deals that could bring back or save much-needed health care services…

FTL penalty amnesty might not guard against 'lockdown' DPNs – SmartCompany

Small business directors who confess their late tax statements under the failure to lodge penalty amnesty program may not be spared from other Australian Taxation Office crackdowns, including the use of lockdown director penalty notices, a leading restructuring expert has warned. Announced in the 2023-2024 federal budget, the new Australian Taxation Office (ATO) amnesty allows…

Insolvencies to surge because of economy, rise in court wind-ups – AccountantsDaily

Insolvencies will surge over the next few months as economic pressures combine with increasingly aggressive debt collection by the ATO and big 4 banks, Insolvency Australia says. Director Gareth Gammon said there had been a significant increase in winding-up applications and ATO-initiated court recoveries, particularly in the second half of FY23. Over the past year…