Liquidation stories
Staff and creditors face uncertainty as both businesses keep trading under external control while receivers assess their future.
Canada's oldest retailer closed all stores after 355 years, undone by debt, digital change and declining footfall.
The Depository Trust has unveiled a digital collateral management platform, set for live demonstration on 23 April, to enhance institutional DeFi operations.
The platform is designed to help businesses to optimise receivables management and generate more liquidity, according to the company.
Rising diesel prices and tighter rules are squeezing operators, with many warning that cashflow and driver shortages could tip them into failure.
UK town centres have lost 122,682 stores since 2016, outstripping Parcelhero's 2030 closure forecast and deepening pressure on the High Street.
Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.
Business confidence is improving, but 2025 still brought New Zealand's highest insolvency tally in 15 years as historic debt hit firms.
Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.
Quarterly business failures climbed to 777, signalling pressure from debt and tight credit even as confidence improves across the economy.
Buzzle, formed as Apple's largest Australian reseller in 2000, collapsed within six months amid the dot‑com bust, sparking a precedent‑setting legal battle with Apple.
ITPNZ faces liquidation due to historic debts and declining membership, with a vote on the future set for 23 October, urging members to withhold renewals.
Business failures in New Zealand have steadied at elevated levels, with construction, services and retail still driving insolvency pressure.
Subcontractors in New Zealand could recover more than NZD $2.1 million after a High Court ruling said retention funds must be ringfenced in trust.
About 200 subcontractors could recover unpaid invoices if the High Court rules retention funds were held on trust, not for liquidator fees.
New Zealand firms are feeling the strain as insolvencies jumped 31% in the first quarter, with construction failures up 44%.
The collapse left unsecured creditors facing a NZD $110 million shortfall and sparked a Supreme Court ruling that reshaped directors’ liability.
Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.
KPMG's latest report on Dick Smith Electronics' liquidation reveals NZ$245.5M in secured debt and ongoing legal battles.
A coroner found brake failure and driver errors caused the crash that killed 11-year-old Hannah Francis, leaving dozens injured.
