Record jump in businesses in financial distress

There has been a record jump in the number of UK businesses in critical financial distress, according to insolvency specialists. Businesses in the most distress include those in hospitality, leisure and retail, but the construction industry is also facing challenges. Insolvency experts Begbies Traynor said a company can be considered to be in critical financial…

3 reasons to pursue debt relief this February

It’s hard to keep your head above water when dealing with high-rate debt, so pursuing debt relief now is a wise move. Getty Images Debt is a reality that many Americans face and recent data paints a sobering picture. As of late 2024, consumer debt had reached an all-time high, with credit card balances accounting…

French e-bike startup Angell nears bankruptcy

Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…