Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook. Beechworth’s iconic drinks brand Billson’s Beverages
Access Denied You don't have permission to access "http://www.business-standard.com/india-news/farmers-march-shambhu-border-delhi-legal-msp-protest-security-124120600159_1.html" on this server. Reference #18.15b42e17.1733457385.1352b4ae https://errors.edgesuite.net/18.15b42e17.1733457385.1352b4ae Read the original article here
The Board of the National Bank of Ukraine has decided to classify Commercial Investment Bank JSC as insolvent. This was reported by “Komersant Ukrainian” with reference to the NBU press service.
The decision was made in connection with the failure of Cominvestbank to bring its activities in line with the requirements of the law, including the regulations of the National Bank, the report said.
The decision in Commissioner of State Revenue v McCabe (No 2) [2024] FCA 662 (McCabe) serves as an important reminder that commercial morality is to be considered as a factor under the “public interest”, rather than a separate consideration relevant to termination of a DOCA under s 445D of the Corporations Act 2001 (Cth). In McCabe, the Commissioner’s s 445D challenge to the DOCA was entirely unsuccessful.
Background
Various companies were incorporated over time, with operations linked to the Comlek business since at least January 2007. By July 2013, three companies (the Deregistered Entities) owed $748,867.10 in payroll tax but were deregistered without filing returns. Another group within the Comlek business, the Island Entities,…
Coodes Solicitors, one of the South West’s longest established law firms, has announced the launch of a new fixed fee debt recovery service, designed to help businesses in the region tackle the growing challenges posed by late or non-paying customers.
With a network of offices across Cornwall and Devon, Coodes is expanding its existing debt recovery services into a dedicated offering, combining local expertise with cost-efficient solutions. The team, headed by Hayley Blatch (Litigation Executive), offers a bespoke service tailored to help businesses recover outstanding debts swiftly and professionally.
The new dedicated service offers fixed fees for all stages of the recovery process, from initial contact with debtors through to…
Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook.
Beechworth’s iconic drinks brand Billson’s Beverages Pty Ltd looks set to avoid liquidation after creditors voted to keep the battling brewery alive.
“After an uncertain year, we are thrilled to share that we have made significant progress in securing the future of Billson’s and our historic brewery in Beechworth,” declared the husband-and-wife team behind the popular premix drinks brand in a social media post.
Nathan and Felicity Cowan were forced to put the company into administration in July citing “incomprehensible” challenges and “mistakes made along the way”.
You don’t have permission to access “http://www.business-standard.com/india-news/farmers-march-shambhu-border-delhi-legal-msp-protest-security-124120600159_1.html” on this server.
The council originally faced a £53m funding gap over the next three years, but officials have now identified savings of £46m, and £2.5m still needs to be found by February for the 2025-26 financial year.
Mr Bell continued: “Like many other councils, we still face having to make tough savings decisions which will affect the…
Popeye’s. TGI Fridays. Roti. Buca di Beppo. And of course Red Lobster. These are just a few of more than a dozen high-profile restaurant chains that have declared bankruptcy in 2024.
On one level, what we’re seeing is some restaurants buckle under the intense pressures the past two years have brought. There were the shortages, inflation, and rising labor costs.
“We had weird fingerling potato shortages, there were issues with limes tripling in costs,” said Kelly Bush, co-owner of the Union Tavern and Marshall Street Bar and Grill in Rochester, New York. “People’s patterns and behaviors have changed.”
Restaurant foot traffic has declined in the U.S. by 3%-3.5%, “which is huge,” said…
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.”
Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a lot of artists have been talking to each other, and realising that he owed more of his artists money than we thought.
“The artists haven’t been paid, and crew and other staff haven’t been paid.”
The timing is especially poor for comedians: Fringe World in Perth, which traditionally marks the start of the festival touring season, is just two months away.
The Junkyard artists are now scrambling to find new…
