Rising collectable debt underscores corporate financial stress – Jason Lindeman

The latest ASIC release shows corporate insolvencies for June 2024 remain at their highest level since monthly data was first published in Jan-1999, with CCI’s discussions with business recovery and insolvency specialists suggesting the number will continue to increase.  The rising value of Australian Tax Office (ATO) outstanding collectable debt tells the same story, providing…

AMCON Partners Practitioners On Insolvency, Asset Management

      By Rukayat Moisemhe Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered the Asset Management Corporation of Nigeria (AMCON) to empower practitioners with the international best practices on business insolvency and asset management recovery. Both parties at an engagement on Monday in Lagos, stressed the need to jointly build body…

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645 real estate firms “rescued” under insolvency process: IBBI chief – Banking & Finance News

Among nearly 1,400 real estate/construction companies that were admitted into the corporate insolvency resolution process (CIRP) so far, 645 were “successfully rescued”, via resolution or closure, and 261 were liquidated, Insolvency and Bankruptcy Board of India (IBBI) Chairperson Ravi Mittal said on Tuesday.  He noted that the number of rescued companies has been 2.5 times…

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Slot Hoarding: What is it and could it have contributed to Rex airlines going into administration?

14 Aug 2024 Slot Hoarding: What is it and could it have contributed to Rex airlines going into administration? Consumer Affairs, News & Politics, Travel LISTEN TO PODCAST NOW https://joy.org.au/joydrive/wp-content/uploads/sites/489/2024/08/JD-X-Doug-Drury-X-Slot-Hoarding-X-12-August-2024.mp3 Podcast: Play in new window | Download (Duration: 8:13 — 9.4MB) Subscribe or Follow Us: Apple Podcasts | Spotify | RSS … Read the original…