The administration process is expected to provide a window which will allow for a sale or recapitalisation to be completed. Bowen Coking Coal (ASX: BCB) has announced it is closing its Burton mine complex and entering voluntary administration following unsuccessful capital raise attempts. The decision was made following the rejection of the company’s most recent…
This article was co-authored by Kylie Shaw. Why this matters Australia’s small business restructuring (SBR) regime was introduced on 1 January 2021 to give financially distressed small companies a faster, cheaper alternative to voluntary administration, and, crucially, to let directors stay in control while a registered liquidator (the “restructuring practitioner”) supervises the process. ASIC’s first…
The National Company Law Tribunal (NCLT) Allahabad Bench admitted Punjab National Bank’s insolvency petition under Section 7 of the Insolvency and Bankruptcy Code(IBC) against a corporate guarantor of Bhagwati Rice Mills Pvt. Ltd., holding that the ₹74.35 crore default was proven through records and a valid guarantee invocation, and that the petition filed on 15…
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Five straight years of rising insolvencies marks worst streak since financial crisis – Allianz Insurance Business Read the original article here
Lottie Moss’ company plunged into liquidation after racking up 6-figure bill & failing to pay tax as she quits OnlyFans The Irish Sun Read the original article here
There were 1,878 corporate insolvencies [gov.uk] in February 2026 in England and Wales, 7.4% more than in January 2026 (1,749) and 6.8% less than in February 2025 (2,015). Covering the North East, Richard Oddy is a partner, licensed insolvency practitioner and business restructuring, turnaround and rescue expert at regional accountancy and business advisory firm Azets,…
In the insolvency proceedings concerning the German automotive supplier WKW.group, the investor process is entering the next round. Insolvency administrator Joachim Exner is in contract negotiations with several potential buyers. Press release | Reading time: min | Image source: Free to reprint; source: Dr Beck & Partner “It is encouraging that investors are showing serious…
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7.4% in February 2026 when compared to the previous month. The data showed that there were 1,878 business insolvencies. The figures was 7% lower than the same month in the previous year (2,015 in February…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…