Member Article North East England has retained its unwanted place at the top of the table for personal insolvency in England and Wales for the twelfth successive year. According to the latest annual figures released by the Insolvency Service, there were 34.6 individual insolvencies per 10,000 people in the region in 2019, compared to a…
Netherlands star Royston Drenthe, who featured for Real Madrid in his prime has finally found a club to play for just weeks after declaring that he is bankrupt. Still just 33-years-old, Drenthe was declared bankrupt by a Dutch court in December. The Dutchman looked to have a bright future after his stints at Real Madrid…
If Schalke don’t beat Hoffenheim at home on Sunday (AEDT), it will tie Tasmania’s league record of 31 consecutive games without a victory from the 1965-66 season – a record Tasmania are very proud of. Indeed, so proud that they’ve even gone so far as to describe themselves as “historic Bundesliga chokers” on their Twitter…
As the economic repercussions from the COVID pandemic continue to unfold, corporate bankruptcies are piling up. S&P Global Market Intelligence says US corporate bankruptcies reached their worst levels since 2010 when 900 companies declared bankruptcy. In all, 630 companies declared bankruptcy during the year. In 2019, 578 companies declared bankruptcy, while 513 declared bankruptcy in…
The novel coronavirus pandemic dealt Japan’s restaurant industry a major blow in 2020, leaving a record number of bars and eateries in financial ruin as customers stayed home and establishments closed early. A record-high 780 restaurants and bars in Japan went bankrupt in 2020, the credit research company Teikoku Databank Ltd. (TDB) announced on Jan.…
Eleanor Temple, Yorkshire Chair of R3 The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across…
Statistics released by the Insolvency Service show that even before the financial effects of Covid-19 hit peoples incomes, Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. There were 453 cases of bankruptcy in the borough in 2019 – a rate of 50.8 per 100,000. That number was…
Even if you are a multi-billionaire, you are at a risk going bankrupt and losing it all. Today, we are looking at billionaires who built a fortune but, a series of bad decisions and other factors landed them in a pool of debt that they failed to repay. 1. Pramod Mittal, brother of Lakshmi Mittal,…
U.S. corporate bankruptcies reached their worst levels in 10 years in 2020 as the coronavirus pandemic upended global industries and struggling companies faced their breaking points. A total of 630 companies declared bankruptcy in 2020, according to an analysis by S&P Global Market Intelligence. This surpassed the number of filings in every year since 2010.…
Member Article The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. Insolvency…