Lower thresholds, easier filing to revive pre-packaged insolvency process for MSMEs, say officials Moneycontrol.com Read the original article here
One of Australia’s most iconic family-owned businesses, Spring Gully Foods, has been forced to shut its doors, leaving behind millions of dollars of debt and dozens of workers without a job. With $3.8 million of debt, the South Australian company has entered administration and ceased trading. The move leaves 34 employees without a job. The…
Photo: RNZ Consumer and business credit demand increased in October, a positive sign for the economy, but monthly company liquidations hit their highest level since 2011. Credit agency Centrix’s October monthly report showed consumer arrears continued falling to 459,000, about 12 percent of all borrowers, from 465,000 the monthly before, the lowest level in more…
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UK estate agents collapses into liquidation with viewings cancelled The Wiltshire Gazette and Herald Read the original article here
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UK estate agents collapses into liquidation with viewings cancelled This Is Oxfordshire Read the original article here
Scott Leathers in Barnard Castle was officially wound down as a company on March 26, with lawyers brought in to sell off its assets. The boss of the company, which made and sold bespoke motorbike leathers, said it employed half-a-dozen people at the time of its closure, and has hit out at the state of…
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Australia’s largest wild-caught prawn operation will close its doors after 60 years, impacting hundreds of workers and devastating a Queensland community. A Raptis & Sons Group is expected to axe more than 200 jobs across South Australia and Queensland and begin selling off assets after administrators, appointed in March, were unable to find a buyer…