NZ hits 62,061 new firms as liquidations climb

Two records, one story The headline number looks like a vote of confidence. 62,061 companies were incorporated in the year to July 2026, the highest annual figure since 2021, according to Companies Office data reported by RNZ. New company registrations in the first quarter of 2026 were also up 9.6% on the same quarter in…

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Legendary Auction Service opens headquarters in Payson

Legendary Auction Service opens headquarters in Payson Published 3:49 pm Tuesday, August 11, 2026 PAYSON — A new auction company built on nearly three decades of industry experience is preparing to open its headquarters here, offering estate, collection, and business liquidation services to clients across Illinois, Missouri, Iowa, and beyond. Legendary Auction Service, led by…

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BRIEFING ROOM: Special committee investigations in bankruptcy — Financier Worldwide

FW: How are advances in data analytics and forensic technology changing the speed and depth of investigations? Moskowitz: Advances in data analytics and forensic technology have allowed counsel to conduct more comprehensive investigations with greater speed and efficiency. Artificial intelligence (AI) could enable counsel to identify relevant documents more easily from a large corpus of…

Former director jailed over $1.75m company fund transfers

The former director of a financial services company has been jailed after transferring approximately $1.75 million from the financially distressed business to personal and overseas accounts. Usman Siddiqui, former sole director of Equitable Financial Solutions, which provided sharia-compliant investment and lending products to the Australian Muslim community, was sentenced to six years and six months’…

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Proud Poppy Clothing enters administration

Australian fashion retailer Proud Poppy Clothing has entered voluntary administration. According to a notice lodged with the Australian Securities and Investments Commission (ASIC), Proud Poppy Clothing Pty Ltd appointed Kathleen Vouris, Richard Albarran and Marcus Watters as administrators on August 5, 2026, under section 436A of the Corporations Act. Proud Poppy founder and CEO Tara…