December Sees Marginal Rise in Corporate Insolvencies – Business News Wales

Corporate insolvencies in December continued to rise, with an increase of 2% compared to December 2023. However, this increase was significantly lower than last Decembers year-on-year increase of 32%, according to figures published this week by the Insolvency Service. This takes the number of corporate insolvencies in the month of December to 79% higher than…

Michael O'Flynn loses challenge to costs of case against ex-business partner's PIA – EchoLive.ie

Property developer Michael OFlynn has failed in a bid seeking to have the legal costs of his High Court battle over the personal insolvency agreement of his former business partner John ODriscoll paid by the personal insolvency practitioner (PIP) in the case. But the legal battle between the Cork developer against the personal insolvency arrangement…

Ascent petition prevents insolvency of partner Geoenergo – ShareCast

Energy and natural resources company Ascent Resources updated the market on recent developments related to its joint venture partner Geoenergo on Monday. The AIM-traded firm said that, after petitions from Ascent Slovenia, the relevant court declined to approve Geoenergo’s application for self-declared insolvency. In response to Geoenergo’s initial application for insolvency, Ascent said it quickly…

Seafood processing equipment manufacturer Norbech sold after bankruptcy – SeafoodSource

Fish and shrimp processing equipment manufacturer Norbech has been sold after the company declared bankruptcy in December 2023. Norbech was founded in 1986 as Uni-Food Technic by Bjarne Normann Jensen. The companys products include bleeding tanks, de-heading machines, de-slimers, de-scalers, and more essential equipment for the fish and shrimp processing industry. The company transitioned from…