Insolvency Guardian Media Centre

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Insolvencies jump 74%, hitting decade-long high in February
The number of Australian businesses falling into insolvency for the first time has jumped to 967 in February 2024, according
Operational creditors continue to get little of insolvency proceeds – Banking & Finance News
Despite a gradual increase in the claims under the Insolvency and Bankruptcy Code (IBC), operational creditors (OCs) continue to receive
Is AI going to reduce or increase technical debt? How, why, and what are the implications? – Fast Company
Is AI going to reduce or increase technical debt? How, why, and what are the implications?  Fast Company Read the original
NJ residents may have $100M in medical debt to Prime Healthcare cut
Nearly 50,000 New Jerseyans will see some or all of their medical debt paid off under a plan funded by
Record number of bankruptcies in Finland during week 48 of 2023
Finland has experienced an unprecedented number of business bankruptcies in the 48th week of 2023, with 85 companies being declared
50 homes in limbo, more than $8m debts as two builders collapse – Gold Coast Bulletin
50 homes in limbo, more than $8m debts as two builders collapse  Gold Coast Bulletin Read the original article here
Deeds Brewing enters liquidation – Beer & Brewer
Deeds Brewing has announced that it is entering liquidation, having been unable to find a buyer or investor since entering
LATEST: Liquidators appointed for Tasmania-based businesses – The Mercury
LATEST: Liquidators appointed for Tasmania-based businesses  The Mercury Read the original article here
Present solvency and future debt: the relevance of future debt in determining solvency
Written by Sam Johnson (Partner), Emily Barrett (Partner), Caitlin McTaggart (Senior Associate), Madison Copland (Law Graduate)In the matter of IOUpay
Solar installers ‘cheated’ out of millions
At a time when the solar power industry should be booming, solar installers across Australia say they are being "cheated"
Small businesses hit the hardest by COVID-19 pandemic, ASIC says
Australian small businesses are still reeling from the knock-on effects of COVID-19 amid higher cost-of-living pressures thanks to elevated inflation
Company insolvencies up 16% on July last year as cost hikes continue to bite
In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The