A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show. In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures. Some 11,348…
Construction insolvencies increased slightly in July compared with June, although the rate was lower than 12 months ago, according to the latest official statistics. Insolvency Service figures show 332 construction companies went into administration or liquidation in July – up 2.5 per cent on the previous month’s total of 324 but down 3.5 per cent…
Manchester United took on an extra £105m of debt to help fund their summer transfer spending, taking the amount they now owe to almost £1.1bn. United released club accounts up to 30 June 2025 on 17 September. More detailed information was then released to the New York Stock Exchange on 18 September when the club…
The federal disability minister says his concerns about the financial state of the country’s second-largest employer of people with a disability have grown. According to its website, Bedford provides services to more than 1,500 people with a disability across South Australia. But the company aired concerns it would need to enter voluntary administration in July.…
Today’s company insolvency statistics show accommodation and food services insolvencies rose again, this time by 5% (up on the 4% rise last month) from 306 in June 2025 to 327 in July 2025, equalling the highest monthly figure since November 2024. Year-on-year insolvencies were also up from 323 in July 2024. It also represented the…
“Cathedral of Gin” plans tipped down the sink as distiller Old Young’s enters administration Business News Australia Read the original article here
Could data centers and the power grid be America’s next “renaissance?” With the U.S. national debt exceeding $37 trillion and interest payments surpassing defense spending, many articles have been written about the “debt doomsday” event coming. Such was a point we made in “” “In recent months, much debate has been about rising debt and…
Record number of people took out debt relief orders in August MSN Read the original article here
The Social Security Administration won’t announce the 2026 cost-of-living adjustment (COLA) to benefits until next month, but experts are already making forecasts. The Senior Citizens League (TSCL) estimates the COLA bump will be 2.7%. That’s up from the 2.5% increase retirees received in 2025, one of the lowest on record. But it’s still shy of the…
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