Stirling Sports franchisee liquidation wraps up – leaving creditors $2m out of pocket – The Press
Stirling Sports franchisee liquidation wraps up – leaving creditors $2m out of pocket The Press Read the original article here
Full list: Companies entering liquidation or administration across Australia on November 1 – The Courier Mail
Full list: Companies entering liquidation or administration across Australia on November 1 The Courier Mail Read the original article here
IBBI tightens insolvency rules for real estate projects, strengthens homebuyer protection
The Insolvency and Bankruptcy Board of India (IBBI) has tightened the insolvency resolution framework for real estate companies, introducing project-wise financial monitoring, greater disclosure requirements and a larger role for homebuyers in the resolution process. The amendments, notified on October 30, are aimed at facilitating more informed and viable resolution of real estate projects, improving…
REVEALED: Liquidator appointments for businesses in the Melbourne council area for October 31 – Herald Sun
REVEALED: Liquidator appointments for businesses in the Melbourne council area for October 31 Herald Sun Read the original article here
AG Construction and Developments Ltd of York in liquidation
AG Construction and Developments Ltd of Front Street, Acomb, was incorporated in December 2018 and it went into liquidation on October 29, with Parker Walsh of Stockport appointed liquidator. Companies House records its sole director as Graham Walker. A report known as a statement of affairs outlines the financial situation and the circumstances behind the…
U.S. Business Bankruptcy Trends and Industry Impacts
Business bankruptcies have risen steadily since 2023, reflecting a broad-based increase in financial stress across the economy. After reaching historically low levels during and immediately following the pandemic, filings have increased for three consecutive years, driven by higher interest rates, inflation, tighter credit conditions, rising labor costs, and mounting debt burdens. The first half of…
AG Construction and Developments Ltd of York in liquidation
AG Construction and Developments Ltd of Front Street, Acomb, was incorporated in December 2018 and it went into liquidation on October 29, with Parker Walsh of Stockport appointed liquidator. Companies House records its sole director as Graham Walker. A report known as a statement of affairs outlines the financial situation and the circumstances behind the…
Inside David Jones’ radical plan to halve stores and save itself from collapse
David Jones management is trying everything to save the 188-year-old retailer. It has squeezed money out of lenders, asked the department store’s private equity owners for help and changed how suppliers are paid. Even the company’s auditors at PwC are being pushed to the brink. Loading… Read the original article here
Aussie used car giant collapses, 90 workers sacked
Used car dealership chain OzCar has collapsed into administration, forcing the closure of four dealerships across NSW, and leaving 90 workers without jobs. Voluntary administrators were appointed to the company on Thursday, weeks after NSW Fair Trading fined the business $50,000 over its sales practices. The closures affect OzCar’s dealerships in Penrith, Cardiff and Gosford,…
‘I was in survival mode’: Sydney celeb chef’s $2m ATO nightmare – The Daily Telegraph
‘I was in survival mode’: Sydney celeb chef’s $2m ATO nightmare The Daily Telegraph Read the original article here