Bucharest Mayor Ciprian Ciucu said on Monday that insolvency is the only remaining legal mechanism for the financial and operational restructuring of the Bucharest Transport Company (STB), which he described as being in an almost disastrous financial condition. In 2025, the company’s debt exceeded RON 1.7 billion, of which nearly RON 1.5 billion was owed…
Prominent publican Alan Clancy to contest bankruptcy petition Irish Independent Read the original article here
Large corporate bankruptcies in the US have reached their highest level in recent years. Modern.az reports that in the first six months of 2026, 372 large companies in the country declared bankruptcy. This is considered the highest figure for the first half of the year in the last 16 years. According to the information, this…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased whilst business insolvencies declined in June 2026. The data showed that in June 2026, there were 189 personal insolvencies in Northern Ireland. This was 13% higher than in June 2025. The insolvencies comprised 136 IVAs, 20 bankruptcies and 33 DROs. The business insolvencies…
Australian taxpayers could be forced to cover up to $65m in payouts to hundreds of abuse victims when a failing arm of the Catholic church disappears, new court documents reveal. Last month, the Christian Brothers, a Catholic order with a shocking record of child abuse, informed a court it was going broke and would not…
Construction firm working on EIB headquarters files for bankruptcy in Luxembourg Luxembourg Times Read the original article here
Slovak travel company Solvex has declared itself financially insolvent after exhausting every option to keep the business running. According to the company, the decision came after a long struggle to keep the situation under control. “Despite our utmost efforts, financial investments and negotiations with partners, we were unable to reverse the unfavourable course of events,”…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…