More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…
Getty Images Local authorities are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said. Cosla issued the warning in a briefing paper ahead of the Scottish budget on 19 December. The local government body said councils need nearly £14.4bn in the budget just to “stand still”. The…
New Delhi: The Supreme Court on Thursday refused to pass an interim order to ensure that the committee of creditors (CoC) does not hold any meeting in pursuance of the insolvency proceedings against embattled ed-tech firm Byju’s. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, said…
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Glenn Armstrong gave false and misleading information to obtain £273,000 from four individuals after a creditor applied to make him bankrupt in April 2018 Creditors lost hundreds of thousands of pounds because of transfers Armstrong made following the presentation of the bankruptcy petition The Bankruptcy Restrictions Order (BRO) places a number of restrictions on Armstrong…
The Polish infrastructure minister, Dariusz Klimczak, maintains that PKP Cargo will not go bankrupt. The company is “too important”, he says. The minister already sees improvements at the company. “I would like to reassure all those who are worried about the PKP Cargo company. The company has no right to go bankrupt and will not…
Devex Newswire: Debt payments outstrip aid in the global south Devex Read the original article here
Back-to-school budgeting tips There are some things that you can do to make your money stretch a little bit further when it comes to back-to-school spending: Create a back-to-school budget; Use the back-to-school supply list provided by the school; Prioritize the needs over the wants; Take stock of what you already have – not everything…
Virojt Changyencham/Getty Images Credit card debt hit a record-breaking $1.12 trillion in 2024. As credit card users struggle to pay bills, delinquency is also growing: 9% of credit card balances were delinquent during the first quarter of 2024. If your credit cards are maxed out, or you were late in making a payment, you may…
Dismayed by the news that one of Britain’s greatest ever Olympians had been declared bankrupt, I had been trying all week to contact Sir Bradley Wiggins and hear his side of this sorry story. Puzzlingly, he wasn’t to be found at either of the addresses in Lancashire which he gave to court: an elegantly converted…