Category Archives: Bankruptcy

Company insolvencies up 16% on July last year as cost hikes continue to bite

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Former footballer Marcus Bent wins second High Court battle over house ownership

Former footballer Marcus Bent has won a second High Court fight over the ownership of a house. Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees…

Former footballer Marcus Bent wins second High Court battle over house ownership

Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees had appealed against a ruling that the house belonged to his daughter, Aliyah Bent, who is now…

Former footballer Marcus Bent wins second High Court battle over house ownership

Former footballer Marcus Bent has won a second High Court fight over the ownership of a house. Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees…

E-bike manufacturer Qwic folds as “stagnant” sales hit profits

November 21, 2023 Photo: depositphotos Amsterdam-based Qwic has become the second e-bike manufacturer to be declared bankrupt in four months. The company was listed in the insolvency register, a week after a court granted it extra time to pay its bills. Qwic did not respond to the news, but told customers in an e-mail last…

More UK companies went bust in 2023 than during the financial crisis

More companies in the UK went bust last year than during the 2008 financial crisis, according to the latest figures from the Insolvency Service, writes David Connett. A total of 25,551 business insolvencies were recorded, more than the 25,186 firms that collapsed in the year from August 2008 to July 2009. The number of companies…

Company insolvencies up 16% on July last year as cost hikes continue to bite

The number of companies that became insolvent in July was 16% higher than during the same period last year, according to official data. In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to…

Rethinking Section 29A of IBC to get the best out of a resolution process – Moneycontrol

Rethinking Section 29A of IBC to get the best out of a resolution process  Moneycontrol Read the original article here

Why Britain’s towns and cities are going bust

Birmingham’s city center is thronged by empty lots with unfinished and unstarted building projects, like this one in the Deritend area. In 1890, an American journalist named Julian Ralph traveled from New York to Birmingham, an industrial powerhouse lying squarely in the center of England, and found it to be “the best-governed city in the…

Auckland swimming pool manufacturer Pool Spec insolvent, liquidator says it’s a sign of the times

Two unsecured claims total $58,000, but there might be other claims against Pool Spec, so the Waterstone liquidators want those parties to lodge documents if they are owed money. They don’t know yet if there will be enough realisable assets to pay Pool Spec’s creditors. Wellsford’s Richard Spearpoint and Ellen Spearpoint own the business. Richie…