From Tupperware to Evergrande, top companies that filed for bankruptcy in 2024

In 2024, several high-profile companies faced financial turmoil, culminating in filing for bankruptcy—a legal process that allows businesses unable to meet their debt obligations to restructure or liquidate their assets. Bankruptcy often signals a last-ditch effort to salvage operations, address creditor claims, or wind down entirely. This year, a mix of economic pressures and shifting…

What’s changed one year on?

BBC Nottingham City Council issued a section 114 notice a year ago One year ago, Nottingham City Council confirmed the news that many had been expecting for some time – that it had effectively gone bankrupt. The Labour-run council joined a growing list of local authorities that have issued a section 114 notice, an acknowledgement…