Insolvency Service disqualifies over 1,000 directors in 2024-25 – Cowgills
Insolvency Service disqualifies over 1,000 directors in 2024-25 Cowgills Read the original article here
TUK declared insolvent as Parliament orders forensic audit into Sh12bn debt
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
TUK declared insolvent as Parliament orders forensic audit into Sh12bn debt
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
TUK declared insolvent as Parliament orders forensic audit into Sh12bn debt
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
TUK declared insolvent as Parliament orders forensic audit into Sh12bn debt
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
Half of states let cities declare bankruptcy. Here’s why Illinois might want to.
Illinois has some of the highest property taxes in the country. Chapter 9 would allow local governments to address the root cause. “Bankruptcy” is a scary word, but it is a real option for cities in half the states in the country. There are 24 states that authorize local governments to discharge their debts…
Parliament declares TUK insolvent over Ksh.12B debt as staff unpaid since 2013
By Willy Lusige Published on: April 16, 2025 08:18 (EAT) File image of the Technical University of Kenya. The financial rot at the Technical University of Kenya (TUK) is now under the spotlight, as both past and current administrators faced tough questions over how the institution sank into billions in debt. The Parliamentary Committee on…
With 23andMe filing for bankruptcy, what happens to consumers’ genetic data?
The announcement that 23andMe is filing for bankruptcy and has put its genetic genealogy database up for sale has sent its customers into a bit of a privacy tizzy. On March 21, California Attorney General Bob Bonta issued a consumer alert with detailed instructions about how to delete one’s data. 23andMe and its databases are…
Allianz Trade Insolvency report 2025
Allianz Trade releases today its latest Global Insolvency Report and unveils updated forecasts for 2025 and 2026. According to the world’s leading trade credit insurer, global business insolvencies will keep rising over the next two years: after +10% in 2024, they are expected to grow by +6% in 2025 and +3% in 2026. This would…
Holly Willoughby’s company owes taxman huge sum as star is taken to court
Holly Willoughby was taken to the Insolvency and Companies court in London on Wednesday after her company, Roxy Media, was hit with a winding up order in January. Holly Willoughby’s company reportedly owes thousands to the taxman(Image: (Image: Getty)) Holly Willoughby’s company, Roxy Media, owes a significant sum to the taxman, as revealed in court…