Corporate insolvencies in the UK increased by 2.9% in February 2025 to a total of 2,035, up from 1,978 in January, according to the latest figures from the Insolvency Service. However, this represents a 7% decrease from February 2024, when 2,188 businesses entered insolvency. Compared to February 2023’s total of 1,964, insolvencies have risen by…
The Insolvency and Bankruptcy Code (IBC) has played a pivotal role in resolving corporate distress, with as many as 40,943 applications filed under the law since its inception in 2016. Of these, a significant 28,818 applications amounting to a total claim of Rs 10 lakh crore were resolved even before formal admission, Union Minister…
Sharvain Facades goes into voluntary administration MSN Read the original article here
Sharvain Facades goes into voluntary administration MSN Read the original article here
By Emily Lever · March 18, 2025, 8:53 PM EDT In its second bankruptcy in six years, fast-fashion chain Forever 21 is winding down and plans to close more than 300 U.S. stores, and has disclosed more than $1 billion in… To view the full article, register now. Read the original article here
Katie Price says both her bankruptcies have been discharged MSN Read the original article here
While some markets, including Australia, Singapore, and Japan, may see a moderation in insolvencies in 2025, other economies – such as Taiwan (8%), South Korea (3%), and Hong Kong (2%) – are expected to continue experiencing increases, primarily due to subdued trade demand and prolonged financial pressures. Read the original article here
Electric two-wheeler maker Ola Electric is facing a major legal and financial crisis as Rosmerta Digital Services and Rosmerta Safety Systems, two of its largest vehicle registration partners, have filed two insolvency petitions against its subsidiary, Ola Electric Technologies Pvt. Ltd. The dispute, over unpaid dues, has reached the National Company Law Tribunal (NCLT), putting…
KUALA LUMPUR: A total of 5,272 youths below the age of 34 have been declared bankrupt from 2020 to this year, according to Youth and Sports Minister Hannah Yeoh. She said that of the total, 5,189 were aged between 25 to 34, while 83 others were below 25. “The trend of bankruptcy among youths shows…
Reality star Katie Price has said that both of her bankruptcies have been discharged. The former glamour model, 46, who has fronted various Channel 4 and BBC documentaries about her life, was declared bankrupt for a second time last year over an unpaid tax bill worth more than £750,000. Her first bankruptcy from 2019 was…