“KTM is saved!”, many outlets proclaimed a few short weeks ago when the Austrian insolvency courts stated that the company, its debtors, and its shareholders had come to an agreement on how to move forward after basically declaring bankruptcy last year. They were saved! Production is set to resume. And the company’s beleaguered CEO, the…
Highlights The Insolvency and Bankruptcy Board of India has mandated that the Information Memorandum must disclose the carry forward of losses as per the Income Tax Act, 1961, enhancing the transparency and comprehensiveness of the insolvency process. Insolvency Professionals are now required to conduct thorough financial and tax analyses to accurately capture the details of…
Latest analysis by Allianz Trade has predicted that global business insolvencies will keep rising over the next two years. Insolvencies rose by 10% in 2024, and are expected to grow by 6% in 2025 and 3% in 2026. This would result in five successive years of increasing insolvencies (2022 – 2026). The UK bucks both…
Today’s company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to…
Allianz Trade Insolvency Report Global Banking And Finance Review Read the original article here
MicroStrategy holds over 439,000 Bitcoins worth $46 billion. Should the price of BTC plunge, CryptoQuant CEO Ki Young Ju believes the firm may not face bankruptcy, stating it will only happen “if an asteroid hits Earth.” The company continues to profit, with a 72.4% yield this year and a stock surge of 540% in 2024.…
TikTok speculates Nebraska is going bankrupt. Here’s the facts MSN Read the original article here
Hasan Nawaz, son of Pakistan Muslim League-Nawaz (PML-N) President and former prime minister Nawaz Sharif, has been declared a “deliberate tax defaulter” in the United Kingdom and fined £5.2 million. The UK government has updated its list of tax defaulters on its website, which now includes Hasan’s name. According to the website, Hasan failed to…
© Green Hydrogen Systems © Green Hydrogen Systems Green Hydrogen Systems has announced that it will undertake substantial job cuts as it undergoes an administrator-led restructuring. The Danish electrolyser maker entered a restructuring process on March 10 after filing for insolvency after efforts to secure additional financing collapsed. The District Court of Kolding appointed an…
Equity is supporting members in challenging the liquidation of events company Sneaky Experience, which recently shut down despite owing thousands of pounds to performers, businesses and members of the public. Curious Yellow Events Ltd, operating under the name Sneaky Experience, wrote to creditors last Friday notifying them of an intention to close the company. Andrew Benfield…