Q: I read this on FB. Is it true? The U.S. Treasury just declared the U.S government is insolvent. A: No. That’s the conclusion of an opinion piece that cited a Treasury report showing the government’s liabilities outweigh its assets. But that’s been the case for decades, and unlike an insolvent business, the government can levy taxes. FULL…
More than 200 jobs at risk: A German office furniture manufacturer has filed for insolvency after 168 years in operation, placing more than 200 jobs at risk. © Atit Phetmuangtong | Dreamstime The Saxony-based company, OKA, submitted its application on 1…
The retail, accommodation and food services sector have seen a spike in corporate insolvency appointments over the last 12 months, in line with industry concerns. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017–18 financial year, while the retail trade sector saw a 19 per…
Income Tax Department cannot initiate Legal Proceedings upon Commencement of CIRP: NCLT Studycafe Read the original article here
On 6 April 2026, the Insolvency and Bankruptcy Code (Amendment) Act, 2026 received Presidential assent, with the objective of strengthening the credibility, speed, and predictability of the insolvency framework, while carefully balancing the interests of creditors, corporate debtors, and other stakeholders. This Act primarily amends the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).…
Miami-based fintech company Pepper Pay LLC has entered Chapter 7 bankruptcy. The company sought to streamline digital payment solutions for small businesses. The voluntary filing, submitted on March 31, 2026, to the U.S. Bankruptcy Court in the Southern District of Florida, signals the start of a liquidation process aimed at distributing the firm’s limited resources…
Luminar Technologies Confirms Liquidation Plan and Ends Operations TipRanks Read the original article here
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New economic analysis has revealed a strong long-term link between rising global oil prices and increasing corporate insolvencies in Australia, raising concerns for small businesses already facing mounting financial pressure. Research released by Halo Advisory shows that major increases in oil prices over the past 25 years have consistently been followed by waves of business…
‘Stable, solvent, safe’: Leading Polish crypto exchange denies reports of illiquidity TVP World Read the original article here