Personal insolvencies jumped by 14% annually in 2024 across England and Wales – MSN
Personal insolvencies jumped by 14% annually in 2024 across England and Wales MSN Read the original article here
Iraq human rights lawyer Phil Shiner declared bankrupt | Solicitors
The campaigning human rights lawyer Phil Shiner, who was struck off as a solicitor for pursuing fictitious Iraqi compensation claims against the Ministry of Defence, has been declared bankrupt. The Insolvency Service website states the 60-year-old, who ran the firm Public Interest Lawyers (PIL) in Birmingham, was made bankrupt on Tuesday. The declaration of insolvency…
UK Company Insolvencies decline, but challenges persist
The latest government statistics reveal a 5% reduction in registered company insolvencies across the UK, with a total of 23,872 cases in 2024 compared to the previous year. Data from The Insolvency Service also highlights a 6% month-on-month decline in company insolvencies for December and a 14% decrease compared to December 2023. However, experts caution…
Monthly Insolvency Statistics: December 2024
In 2024, there were 23,872 registered company insolvencies, which included 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs), and three receivership appointments. The overall number of corporate insolvencies in 2024 was 5% lower than in 2023, the greatest yearly figure since 1993. The reduction in overall firm insolvency…
Here are 12 well-known companies that went bankrupt in 2024
This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19 companies have cut a…
Insolvency figures belie fact ‘not out of the woods yet’
In 2024, there were 23,872 company insolvencies, with a rise in company voluntary arrangements (CVAs) to 202, the highest figure since the first year of covid, as businesses looked for rescue options. The majority of collapses were down to compulsory liquidations at 18,840, although this figure was 8% down year on year. Company insolvencies might…
Plasterer Inflates Turnover £200K for Max Covid Loan
Jordan Allen fraudulently secured a £50,000 Covid Bounce Back Loan in 2020 – the most businesses were entitled to under the scheme – by overstating his turnover by more than £200,000 His plastering business should only have received around £5,000 if he had submitted an accurate application for the loan Allen, who was declared bankrupt…
Fall in company collapses last year but experts warn of ongoing ‘headwinds’
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Company collapses in England and Wales fell last year, according to new official figures, but experts warned of more uncertainty…
Mark Cuban announces Trump-inspired meme coin to pay down US debt
Key Takeaways Mark Cuban proposes a meme coin with a 20% float, mirroring the $TRUMP coin’s structure, with all sales revenue going to the US Treasury. Cuban acknowledges the speculative nature of meme coins and emphasizes transparency in the project. Share this article … Read the original article here
Fall in company collapses last year but experts warn of ongoing ‘headwinds’ – The Irish News
Company collapses in England and Wales fell last year, according to new official figures, but experts warned of more uncertainty for firms in the coming months. Some 23,872 companies went out of business in 2024, the Insolvency Service said, down 5% on the previous year. Despite the drop year-on-year, the number of insolvencies was far…