Property and hotel developers Lawrence and Katie Kenwright declared bankrupt – Liverpool Echo

Liverpool property developers and hotel bosses Lawrence and Katie Kenwright have been declared bankrupt. The husband and wife team behind the Signature Living brand, which opened a host of well-known hotels, apartment blocks and wedding venues in Liverpool and Merseyside, received the order at Liverpool County Court on January 30, according to the government’s individual…

25% jump in people needing breathing space from debts last year – Yahoo Finance

The number of people needing breathing space from their debts jumped by 25% in 2023 compared with the previous year. Across England and Wales, there were 88,390 registered breathing spaces in 2023, comprised of 86,928 standard and 1,462 mental health breathing space registrations, the Insolvency Service said. A standard breathing space is available to people…

KaDeWe files for insolvency, blames 'disproportionately high' rents – Cosmetics Business

KaDeWe Group, which operates some of Germany’s most famous department stores, has filed for voluntary insolvency.  Rising rents and the collapse of its co-owner Signa Holding which recently filed for insolvency have been cited as key reasons for the move. The retail group owns the eponymous Berlin-based Kaufhaus Des Westens (KaDeWe), Oberpollinger in Munich and…

Insolvency law refresher for financial institutions | Australia | Global law firm – Norton Rose Fulbright

Overview The pandemic has created significant financial and operating challenges for all Australian businesses. While interim government fiscal support measures, and temporary changes to the insolvency regime such as the six month suspension of insolvent trading liability for directors, have helped to calm the storm and delay mass new insolvency filings, the fiscal cliff is…

25% jump in people needing breathing space from debts last year – Yahoo Finance UK

The number of people needing breathing space from their debts jumped by 25% in 2023 compared with the previous year. Across England and Wales, there were 88,390 registered breathing spaces in 2023, comprised of 86,928 standard and 1,462 mental health breathing space registrations, the Insolvency Service said. A standard breathing space is available to people…