This month I became the first physician in my family. Well, actually, I might have a third cousin somewhere in Michigan who is a psychiatrist. Regardless, I am the first physician in my family that we keep regular contact with. An accomplishment, if I may be so bold. My mother prepared a big barbeque spread…
SINGAPORE – In order to clear his gambling debts to a friend, a man agreed to help the friend recover money from another debtor. Wu Zhibing, 36, and the friend, Lin Mei, 42, came up with a plan to lure the debtor into a warehouse and force her to pay her debt. They managed to…
Rico Iheagwara fraudulently applied for two £20,000 Bounce Back Loans during the summer of 2020 Iheagwara’s SJR Recruitment Limited company was not trading at the time of the applications SJR Recruitment was placed into liquidation in 2021 with liabilities of more than £67,000 A recruitment consultant who fraudulently spent Covid support funds for personal purposes…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 2.9% in April 2025 to a total of 2,053 compared to March 2025’s total of 1,996, and decreased by 5.1% compared to April 2024’s total of 2,163. The business insolvencies consisted of 379 compulsory…
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland declined by 7% in April 2025. The data showed that there were,there were 101 company insolvencies registered in Scotland, 7% lower than the number in April 2024. The total number of business insolvencies was comprised of 47 CVLs, 51 compulsory liquidations…
Latest monthly statistics from the Insolvency Service show that in April 2025, personal insolvencies increased while business insolvencies declined in Northern Ireland. The data showed that there were 123 individual insolvencies in Northern Ireland. This was 10% higher than in April 2024. There were 95 IVAs, 16 bankruptcies and 12 DROs. Business insolvency data shows there were 30…
The Insolvency and Bankruptcy Code (IBC) has triggered a paradigm shift in India’s corporate debt landscape, fostering fiscal discipline while enabling strategic adjustments for distressed firms, according to a recent study by the Insolvency and Bankruptcy Board of India (IBBI). The study shows that after implementation of IBC, there has been a broad-based reduction in…
Lenders have recovered Rs 3.89 lakh crore against admitted claims of Rs 12 lakh crore through resolution plans under the Corporate Insolvency Resolution Process (CIRP) till March 2025, resulting in a recovery rate of 33%. This means on average bankers have taken a haircut of 67% from CIRPs which yielded in resolution. However, the recovery…
Microsoft-Backed Builder.ai to Enter Insolvency Proceedings MSN Read the original article here
Lenders have recovered Rs 3.89 lakh crore against admitted claims of Rs 12 lakh crore through resolution plans under the Corporate Insolvency Resolution Process (CIRP) till March 2025, resulting in a recovery rate of 33%. This means on average bankers have taken a haircut of 67% from CIRPs which yielded in resolution. However, the recovery…