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.
It’s been over a decade since South Australians rallied around local brand, Spring Gully Foods, to save them from administration…
But this week, history repeated itself and Kevin Webb, managing director at Spring Gully announced the company would be under voluntary administration.
ABC Adelaide’s Spence Denny called up his old mate Kevin, who he met back in 2013, to hear what’s next for the iconic South Aussie business.
Italian small savers showed healthy appetite for a retail bond offered by the Treasury this week, boosting Rome’s efforts to manage its huge debt pile.
The Treasury raised 16.6 billion euros ($19.36 billion) from a seven-year “BTP Valore” bond for retail investors only which was sold from Monday to Friday, Bourse data showed.
The response from households and non-financial firms was stronger than in two similar sales held earlier this year.
The Treasury raised 14.9 billion euros from an 8-year “BTP Plus” bond in February and 6.53 billion from an inflation-linked “BTP Italia” note in May.
“The final demand has clearly surpassed expectations, retail investors are reaffirming their enthusiasm for bonds designed specifically for…
A small Sydney-based builder and design firm has fallen into voluntary liquidation, with creditors owed more than $300,000.
Built Lifestyles, a residential construction firm specialising in duplexes and structural renovations, entered liquidation on Monday, according to ASIC.
Vanguard Insolvency Australia’s Mohammed Najjar has been appointed liquidator and said the business has ceased trading with no active projects.
Co-founders director-builder Deniz Huseyin and interior stylist Gamze Erkoru have been running the…
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Offers in this section are from affiliate partners and selected based on a combination of engagement, product…
KMC had assessed property tax dues on an asset of the corporate debtor located within its municipal limits.
While part payment was made in 2018, ₹30.28 lakh remained outstanding, leading to issuance of a distress warrant.
After Talwalkars Better Value Fitness Ltd. entered corporate insolvency on January 11, 2021, KMC raised a demand for the unpaid taxes and subsequently filed a claim of ₹51.72 lakh before the liquidator.
The liquidator admitted only ₹34.23 lakh and classified KMC as an unsecured operational creditor. Aggrieved, the Corporation moved the NCLT under Section 42 of the Insolvency and Bankruptcy Code (IBC).
The NCLT partly allowed the appeal but rejected KMC’s plea to be treated as a secured creditor.
Worldwide Market Reports has recently released a comprehensive research study titled “Debt Relief Service Market Size and Forecast 2025-2032: Breakdown by Manufacturers, Key Regions, Types, and Applications.” The report has been developed using a combination of primary and secondary research methodologies, ensuring a detailed and accurate analysis. Drawing insights from both historical data and future projections, the study highlights the expected growth of the Debt Relief Service market in terms of both value and volume over the forecast period. It provides an in-depth understanding of key market drivers, challenges, opportunities, and restraints shaping the industry…
