Insolvency Guardian Media Centre
Film firm Studio NZ collapses after dispute with rich listers the Wallace family BusinessDesk
Read the original article here
RMG Acquisition Corp. III Announces Liquidation Business Wire
Read the original article here
As part of our work to reduce the administrative burden on insolvency practitioners we are improving our process for when Companies House notify HMRC about an insolvent liquidation.
After receiving a notification of liquidation, we will update our system to make these records inactive. This will stop initial and annual notices to file (CT603) being issued, so you will not have to respond to those communications.
We will write and tell you that we have made the company’s Corporation Tax record inactive and provide you with the company’s Unique Tax Reference.
If during the period of liquidation, there’s been no activity giving rise to a charge under Corporation Tax, you will no longer have to submit nil Company Tax Returns or…
Read the original article here
Issue of Debt Business Wire
Read the original article here
Issue of Debt Business Wire
Read the original article here
Finding prudence in abstention The New Indian Express
Read the original article here
Shareholders of Private Market Startup Vow to Fight Bankruptcy Bloomberg
Read the original article here
France Solar enters liquidation pv magazine International
Read the original article here
Shareholders of collapsed fintech startup Linqto vowed to fight an effort by its new management to reorganize the troubled company in bankruptcy.
Managers who took over in recent months put Linqto under court protection in Houston this week, claiming former executives mismanaged the firm’s business for years by misleading customers into believing they owned shares in 111, privately-held companies worth more than $500 million.
Shareholder Sapien Group, an Australia-based investment firm, said it has the backing of 52% of shareholders for its campaign to challenge current managers in bankruptcy. Sapien has hired bankruptcy lawyers for advice on whether to try to dismiss the Chapter 11 petition, or take other action, according to the…
Read the original article here
A new report by ASIC has revealed that small business restructuring (SBR) appointments have surged in recent years, rising from 448 appointments in 2022–23 to an estimated 3,000 in 2024–25.
“After a slow start, the recent growth of SBRs and other data in our report shows that the SBR regime is starting to deliver on the intended policy objective of reducing the complexity and costs involved in insolvency processes for small businesses and ultimately helping them to survive,” ASIC commissioner Kate O’Rourke said.
You’re out of free articles for this month
In 2021, the federal government launched the SBR scheme to support small businesses in the wake of the COVID-19 pandemic. The…
Read the original article here
Attabotics insolvency came amid falling revenues, creditor uncertainty Calgary Herald
Read the original article here
One of Australia’s leading post-production houses, Cutting Edge, which has worked on films such as Pirates of the Caribbean and Aquaman, has closed down and gone into liquidation, with staff allegedly owed over $2.4 million Australian dollars.
Large companies like this closing down is very concerning, given the current state of the industry.
On social media channels, the company left the following statement:
This comes as a bit of a shock, as just 2 months ago the company was actively hiring.
For the last 35 years, Cutting Edge has been a leading provider of sound and picture post-production for the advertising, features & television industries, both in Australia and internationally.