A first liquidator’s report into a Kiwi travel company’s breakdown reportedly shows it was issuing customers with fake plane tickets. Auckland-based travel company Travel Globe has left creditors more than NZ$230,000 ($221,637) out of pocket, according to a liquidator’s report, including customers who were issued with fake plane tickets. The company is owned and directed…
The failure rate of new businesses relative to total insolvencies is at its lowest level for more than a decade, according to new analysis from PwC. In 2024 startups accounted for 46% of total company insolvencies, the lowest proportion in a decade by a large margin – despite record levels of company incorporations over the…
Swindon & Wiltshire Economy Tuesday February 18 2025 Author Name: Peter Davison Insolvency-related activity has decreased in Wiltshire and the Thames Valley, says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a drop in insolvency-related activities from 203 in December to 172 in January. The figures include…
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Liberated Brands, the operator behind Quiksilver, Billabong, and Volcom, filed for Chapter 11 bankruptcy in February 2025, leading to the closure of all 124 U.S. retail stores and the layoff of approximately 1,400 employees. The move follows years of financial pressure exacerbated by the rise of fast fashion, declining discretionary spending, and shifting consumer behavior.…
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Embattled edtech firm Byju’s parent Think & Learn appeared close to coming out of its insolvency proceedings on November 18 when the Board of Control for Cricket in India (BCCI) requested the National Company Law Tribunal (NCLT) to consider its application to withdraw its plea against the firm. However, the matter extended further when on…
BC.Game responds after reports that company was declared bankrupt Gambling Insider Read the original article here
Former glamour model Katie Price is to have one of her two bankruptcies discharged following a hearing at a specialist court in London. The 46-year-old was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019. Bankruptcy orders typically end after…
Telefónica’s Peruvian unit has filed to begin voluntary insolvency proceedings. The carrier, a subsidiary of Spanish telco Telefónica, kicked off the insolvency process late last week after failing to find a buyer. According to a regulatory filing, the process will take place in Peru and aims to help the company restructure its finances and operations…