Ohio distillery goes bankrupt owing $3.35m

A.M. Scott Distillery in Ohio has filed for Chapter 11 bankruptcy protection, with its debt totalling US$3.35 million. There were 64 active craft distilleries in Ohio as of August last year The filing was recorded in the US Bankruptcy Court for the Southern District of Ohio on 22 December. Under Chapter 11, the distillery can…

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Business failures ‘stable’ in 2025 – PwC

(Pic: RollingNews.ie) Insolvency levels have remained steady over the past three years, according to figures from professional-services firm PwC.  Its Insolvency Barometer shows that 848 business failed in 2025 – a slight decrease from 868 last year but higher than the 736 recorded in 2023.  PwC’s analysis finds that last year’s insolvency rate was 27…

Dubai court rules Gulf national insolvent over Dh2.56 million in unpaid liabilities

A Dubai civil court has officially declared a Gulf national insolvent after determining that he is unable to settle accumulated debts totaling Dh2.56 million owed to seven creditors, including banks, private individuals, and housing finance institutions. The court approved the insolvency petition and appointed a licensed insolvency trustee to examine the debtor’s financial standing and…

Business failures ‘stable’ in 2025 – PwC

(Pic: RollingNews.ie) Insolvency levels have remained steady over the past three years, according to figures from professional-services firm PwC.  Its Insolvency Barometer shows that 848 business failed in 2025 – a slight decrease from 868 last year but higher than the 736 recorded in 2023.  PwC’s analysis finds that last year’s insolvency rate…