B2B payment defaults rise amid elevated insolvency risk warnings – Insurance Business
B2B payment defaults rise amid elevated insolvency risk warnings Insurance Business Read the original article here
Department of Financial Services Urges PSB Chiefs to Personally Monitor Top Insolvency Cases Amid Delays
Public sector bank chiefs were on Tuesday advised by Department of Financial Services (DFS) Secretary M Nagaraju to personally monitor the top twenty cases pending for admission and the top ten accounts awaiting resolution before the National Company Law Tribunal (NCLT), as part of a wider review of delays in insolvency matters. In a press…
What the new Companies House identity verification framework means for insolvency professionals – Dentons
What the new Companies House identity verification framework means for insolvency professionals Dentons Read the original article here
New taskforce to tackle phoenix firms
A new dedicated taskforce is being created to target rogue directors setting up new firms from the ashes of their failed ones to avoid repaying debts. Under a raft of measures to tackle fraud announced in the Autumn Budget, chancellor Rachel Reeves said she will give the Insolvency Service an extra £25m over the next…
Award-winning beer company files Chapter 7 bankruptcy liquidation – TheStreet
Award-winning beer company files Chapter 7 bankruptcy liquidation TheStreet Read the original article here
Prediction markets may fuel debt woes, warns BofA – sigma.world
Prediction markets may fuel debt woes, warns BofA sigma.world Read the original article here
Best Loans For Refinancing Credit Card Debt in December 2025
If you’re stuck paying off credit card bills with high interest rates, refinancing with a personal loan can get you in the black faster. In addition to lower interest rates that are typically fixed, personal loans come with a set term, so you can budget each month knowing what your payments will be. CNBC Select…
Fidelity Japan Trust shareholders approve liquidation plan By Investing.com – Investing.com UK
Fidelity Japan Trust shareholders approve liquidation plan By Investing.com Investing.com UK Read the original article here
UK Insolvency Service taskforce “not a quick fix”: UHY Hacker Young
The additional funding will be directed towards creating a dedicated Abusive Phoenixism Taskforce within the Insolvency Service. Credit: andriano.cz/ Shutterstock.com. Accounting network UHY Hacker Young partner Peter Kubik has called the new Insolvency Service taskforce targeting rogue directors as “a welcome first step but it’s not a quick fix.” In the Autumn Budget 2025 presented…
Citizens Advice: Getting paid if your employer goes out of business
But employees in the UK do have rights and routes to recover the money they are owed. If a company becomes insolvent, an appointed insolvency practitioner takes control. They are responsible for managing the company’s remaining money and assets, and for paying creditors where possible. Employees are classed as “preferential creditors,” meaning they are near the top…