Press Release – BWA Insolvency
Industries hit hardest in the last quarter were tourism, transport and delivery, construction and manufacturing. The construction industry has seen continued high rates of business failure
Latest insolvency figures reveal a sharp rise in business failures, highlighting both challenges and opportunities for New Zealand business owners.
The BWA Insolvency Quarterly Market Report released today shows insolvency rates between January and March 2025 surged by 31% compared to the same period in the previous year. Liquidations rose by 40%, while receiverships and voluntary administrations saw a decline.
The report’s author, BWA Insolvency…
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Latest insolvency figures reveal a sharp rise in business
failures, highlighting both challenges and opportunities for
New Zealand business owners.
The BWA Insolvency
Quarterly Market Report released today shows insolvency
rates between January and March 2025 surged by 31% compared
to the same period in the previous year. Liquidations rose
by 40%, while receiverships and voluntary
administrations saw a decline.
The report’s
author, BWA Insolvency principal Bryan Williams, says that
despite the data there is a path forward for those with
strategic foresight.
“These numbers, while…
Read the original article here
Jennyfer, a French fast-fashion chain catering to teens and young women, has filed for court-ordered liquidation after four decades in business. The ruling came on April 30 from the Bobigny commercial court, following a request from company management due to persistent financial hardship. The decision had already been shared with employee representatives the evening prior, as reported by FashionNetwork.com. Operations will continue until May 28, with interested buyers invited to submit partial or full acquisition offers by May 13.
Founded in 1985, Jennyfer gained popularity across France for its trend-driven, affordable…
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An investment business in Southport has gone into administration after a major fraud investigation was launched into its activities by the City of London Police.
The City of London Police is investigating a suspected widespread fraud of The 79th Group’s offer of high yield loan notes to investors which promise a high interest return over a fixed period.
The 79th Group operated from Southport Business Park, but no-one was answering the phone today and all emails bounced back. The website is down.
The business also operated in real estate claiming to specialise in the acquisition, management and development of lucrative assets. They offer investment opportunities selling loan notes secured against properties.
Several…
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BBC News, West Midlands
MoorcroftThe directors of Moorcroft Pottery have announced the firm has stopped trading after more than 100 years, which the GMB Union says means the loss of 57 jobs.
In a post on social media on Wednesday, bosses at the Stoke-on-Trent firm, based in Burslem, said they had told insolvency business Moore Recovery to help with voluntarily liquidating the company.
They said Moore would contact creditors in due course but did not give an explanation for the firm’s closure. However, industry commentators have blamed an increase in energy costs.
Moorcroft had warned in March of possible redundancies…
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Radnor Township (PA) Declares Emergency Over Bankrupt Hospital Closure JEMS
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Gulati became a director of Reacon Group on Monday, when previous owners Jahinger Kahn and his wife resigned. Reacon Australia was put into administration a day later, as was the sister company mmw3degrees.
Print21 understands it is Gulati who has funded the administrator, Cathro and Partners. He is pushing for a DOCA for the two businesses. However, at least two creditors, including CTRL Print, want the companies liquidated, and went to court this…
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Cleveland City Council reports a total of $165,234,311.18 in medical debt was wiped out as part of its initiative with a nonprofit.
CLEVELAND — Cleveland residents may soon receive a surprise in the mail: a letter informing them that their medical debt has been erased.
The notifications come as a Cleveland City Council-led medical debt relief initiative wraps up, concluding a program that helped more than 160,000 residents.
In 2023, City Council voted to allocate $1.9 million in American Rescue Plan Act funds toward a partnership with the nonprofit Undue Medical Debt (formerly RIP Medical Debt). The organization purchases delinquent…
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A shareholder of immune drug developer Acelyin believes the company is better off shutting down and returning cash to shareholders rather than pursuing a merger with fellow biotech Alumis.
Trium Capital, an England-based investment fund and Acelyrin stockholder, revealed in a regulatory filing Tuesday that it intends to vote against the planned merger after concluding it’s not in the best interest of shareholders. In a letter to Acelyrin’s board dated April 28, the firm instead argued that Alumis’ offer, as well as others Acelyrin has considered, are inferior to what equity holders would receive if Acelyrin were to liquidate its assets.
“We believe there is substantial upside…
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WASHINGTON–(BUSINESS WIRE)–May 1, 2025–
Today, the American Association for Debt Resolution (AADR) and the Consumer Debt Relief Initiative (CDRI), two leading advocates for debt relief nationwide, have come together to form the Association for Consumer Debt Relief (ACDR). By bringing together the unique strengths and talents of each organization, ACDR will unify communications, continue to develop industry standards, and support education for its members.
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WASHINGTON–(BUSINESS WIRE)–May 1, 2025–
Today, the American Association for Debt Resolution (AADR) and the Consumer Debt Relief Initiative (CDRI), two leading advocates for debt relief nationwide, have come together to form the Association for Consumer Debt Relief (ACDR). By bringing together the unique strengths and talents of each organization, ACDR will unify communications, continue to develop industry standards, and support education for its members.
