A Total Of 5,272 Youths Declared Bankrupt Since 2020 – bernama
A Total Of 5,272 Youths Declared Bankrupt Since 2020 bernama Read the original article here
Liberty Liège declared bankrupt by court
Belgium-based steelmaker Liberty Liège, a subsidiary of Romania-based Liberty Galati, has officially been declared bankrupt by the Liège Business Court due to the inability to raise the necessary funds to maintain its assets during the silent bankruptcy proceedings, according to local media reports. In the coming days, 520-550 employees, who had not been paid for…
a major shock for the green industry
On March 12, 2025, Sweden’s Northvolt, once heralded as Europe’s battery champion for electric vehicles (EVs), declared bankruptcy. This collapse has sent shockwaves through the European automotive sector, especially the already struggling electric car market, which faces fierce competition from American and Asian giants. Northvolt’s Ambitious Journey Turns into a Fiasco Northvolt, founded in 2016,…
Ansal Properties Undergoes Corporate Insolvency Resolution Process – TipRanks
Ansal Properties Undergoes Corporate Insolvency Resolution Process TipRanks Read the original article here
Hospitality insolvencies down but remain historically high – London Business News
Company insolvency statistics show accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025. Insolvencies in the sector fell 20% to 271 in February 2025, compared to the same month last year (339). However, they remain historically higher than…
Another specialist insolvency in Britain – money-tourism.gr
Another specialist insolvency in Britain money-tourism.gr Read the original article here
Compuage Infocom Announces 16th Creditors’ Meeting Amid Insolvency Process – TipRanks
Compuage Infocom Announces 16th Creditors’ Meeting Amid Insolvency Process TipRanks Read the original article here
NCLAT Fortnightly: Important orders on IBC (January 16 – January 31, 2025) – Bar and Bench
NCLAT Fortnightly: Important orders on IBC (January 16 – January 31, 2025) Bar and Bench Read the original article here
Businesses cautious in borrowing amid insolvency risk increases
Business owners are becoming more conservative with borrowing after recent data highlighted challenges are persistent. Business failures are rising and forcing many to rethink processes, according to the Experian Commercial Risk Barometer. As of the last quarter of 2024, there was a 0.7 per cent increase in businesses operating in the Australian market. Businesses at…
SC solves competition-insolvency conundrum—or is there more to come?
The Insolvency and Bankruptcy Code, 2016 (IBC) was brought in as a time-bound solution to the problem of interminable winding-up proceedings. It provides for strict timelines to complete the resolution process, even as the company keeps its business running. However, adherence to timelines has proved challenging in practice. We are looking at an average of…