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Bankruptcy stories

ChatGPT tax advice already costing UK firms, say accountants
Digital Transformation

ChatGPT tax advice already costing UK firms, say accountants

UK accountants say firms are already losing money to flawed ChatGPT tax advice and warn misuse of AI could trigger failures by 2026.

By Catherine Knowles • 5 min read • Fri, 19th Dec 2025
Most social media debt advice misleading & unreliable, study finds
Facebook

Most social media debt advice misleading & unreliable, study finds

A study reveals most UK social media debt advice is misleading or unreliable, urging people to seek FCA-regulated, impartial financial guidance instead.

By Shannon Williams • 4 min read • Thu, 23rd Oct 2025

Global Stories

Bankruptcy stories

Datasite sees 31% rise in deal kickoffs in H1 2026
Data centers

Datasite sees 31% rise in deal kickoffs in H1 2026

Early-stage M&A activity is building, with Datasite's platform showing a 31% rise in global deal kickoffs and a 45% completion rate.

By Mark Tarre • 4 min read • Last month
Hudson's Bay collapse ends 355 years of Canadian retail
Risk & Compliance

Hudson's Bay collapse ends 355 years of Canadian retail

Canada's oldest retailer closed all stores after 355 years, undone by debt, digital change and declining footfall.

By Karen Joy Bacudo • 5 min read • Tue, 3rd Mar 2026

Stories from Other Regions

Bankruptcy stories

Superette owner on the brink of bankruptcy after nine months of roadworks
Supply Chain

Superette owner on the brink of bankruptcy after nine months of roadworks

Nine months of closures on Taradale Road have cut takings by up to 40 percent, leaving one Marewa superette owner fearing bankruptcy.

By RNZ • 3 min read • This month
The shutdown cycle: what crypto firms' H1 2026 earnings actually show
Crypto

The shutdown cycle: what crypto firms' H1 2026 earnings actually show

Falling volumes and more than 100 shutdowns in H1 2026 are forcing exchanges to rely on interest income and institutional flow.

By Sergey Klinkov • 7 min read • This month
PGI Canada launches personal guarantee cover for loans
Fintech

PGI Canada launches personal guarantee cover for loans

Canadian business owners now have a new way to cap personal losses when lenders enforce personal guarantees on commercial loans.

By Karen Joy Bacudo • 4 min read • Last month
New Zealand personal loan delinquencies hit three-year high
Risk & Compliance

New Zealand personal loan delinquencies hit three-year high

Unsecured borrowers in New Zealand are under mounting strain as Experian flags a rise in personal loan arrears to a three-year peak.

By Karen Joy Bacudo • 4 min read • Tue, 28th Jul 2026
ATO tax debts lift insolvency risk for Australian firms
Data Analytics

ATO tax debts lift insolvency risk for Australian firms

More than 35,000 Australian businesses now face heightened failure risk as ATO debts above AUD $100,000 coincide with rising defaults.

By Karen Joy Bacudo • 5 min read • Wed, 22nd Jul 2026
Waste services insolvencies surge as defaults climb
Supply Chain

Waste services insolvencies surge as defaults climb

Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.

By Karen Joy Bacudo • 5 min read • Thu, 25th Jun 2026
Australia's late business payments hit six-year high
Manufacturing

Australia's late business payments hit six-year high

Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.

By Karen Joy Bacudo • 6 min read • Wed, 20th May 2026
Australia energy shock raises insolvency risk for firms
Supply Chain

Australia energy shock raises insolvency risk for firms

Higher fuel and power costs are intensifying cash-flow strains for smaller firms, with CreditorWatch warning insolvencies may rise over 12 months.

By Joseph Gabriel Lagonsin • 5 min read • Wed, 15th Apr 2026
Why the positive sentiment despite highest insolvency rate in 15 years
Risk & Compliance

Why the positive sentiment despite highest insolvency rate in 15 years

Business confidence is improving, but 2025 still brought New Zealand's highest insolvency tally in 15 years as historic debt hit firms.

By Staff Writer • 4 min read • Sat, 21st Feb 2026
Ireland insolvencies fall 7% as creditor enforcement rises
Deloitte

Ireland insolvencies fall 7% as creditor enforcement rises

Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.

By Karen Joy Bacudo • 4 min read • Mon, 12th Jan 2026
Insolvencies rise despite economic optimism
Supply Chain

Insolvencies rise despite economic optimism

Quarterly business failures climbed to 777, signalling pressure from debt and tight credit even as confidence improves across the economy.

By Staff Writer • 4 min read • Wed, 3rd Dec 2025
State of the Nation
Manufacturing

State of the Nation

Business failures in New Zealand have steadied at elevated levels, with construction, services and retail still driving insolvency pressure.

By Staff Writer • 3 min read • Wed, 17th Sep 2025
Simple steps to counter cyber threats
Malware

Simple steps to counter cyber threats

Nearly a quarter of New Zealand SMEs have already been hit by cyberattacks, with many still lacking basic defences against costly breaches.

By Staff Writer • 4 min read • Wed, 17th Sep 2025