Discount outdoor and camping retailer Aussie Disposals has become the latest Australian retail chain to be plunged into voluntary administration. Founded in Victoria in 1962, Aussie Disposals first made its name by selling surplus military supplies and products to the public. More recently, the retailer has expanded its offering to specialise in outdoor and camping…
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On 25 June 2020, the new Corporate Insolvency and Governance Act (the “Act”) received Royal Assent. We anticipate that the changes introduced by the Act will have a significant impact on the future direction of the UK restructuring market. The purpose of the Act is to promote a stronger rescue culture in the UK, providing…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
Resolving Insolvency under the Banks and Specialised Deposit Taking Institution Act, 2016 (Act 930) The Business & Financial Times Read the original article here
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
A long‑standing fresh produce wholesaler has gone into liquidation. C.A. Belcher & Son Limited, a family‑run fruit and vegetable wholesaler trading as C A Belcher & Son in Lower Earley, entered creditors’ voluntary liquidation on February 2. Two insolvency practitioners from Reading‑based KRE Corporate Recovery have been appointed to wind up the business. According to…
Vic builder in administration owing $4m after major contract terminated Herald Sun Read the original article here
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales, was 2,029 in October 2025, 2% higher than in September 2025 (1,995) and 17% higher than the same month in the previous year (1,739 in October 2024). The business insolvencies consisted of 301 compulsory liquidations, 1,592 creditors’…