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 shut down, usually because it has debts it cannot pay – which is the highest monthly number since before the Covid-19 pandemic. David…
German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done ‘all that he reasonably could do’ to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors nearly 50 million pounds (62.5 million dollars) he owed, but Chief Insolvency and…
MaaS Global, the pioneering mobility-as-a-service organization set up by Sampo Hietanen, has filed for bankruptcy with the Finnish Legal Register Center. The news comes following an announcement earlier this month that it was to discontinue its flagship Whim app. Hietanen is well known across the industry as the father of the MaaS concept, which advocates…
Help! Our Cruise Operator Went Bankrupt and We Are Out $17,905. The New York Times Read the original article here
2 min read Last Updated : Aug 20 2024 | 7:08 PM IST With plans for an initial public offering (IPO), Sajjan Jindal-promoted JSW Cement has a roadmap to double its cement capacity and also pursue acquisitions, according to its IPO documents. On Friday, JSW Cement filed its draft red herring prospectus (DRHP)…
She was once a regular face on TV — a highly-successful glamour model who had a net worth of around £40million at the peak of her career. But opportunities for Katie Price have dwindled over the years and by 2023 it was reported that her net worth had fallen to less than £1million. In the latest…
Q4 2023: Company Insolvency Statistics The quarterly company insolvency statistics have been released, covering Q4 2023 (October to December). Since this dates the final quarter of the year, an annual summary can be noted: 2023 saw the highest annual number of company insolvencies since 1993. The total of 25,158 registered company insolvencies is broken down…
More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…
Gold hits record high, meaning gold bars worth over a million dollars Newsflash: the gold price has hit a new alltime high. Spot gold has risen over its previous record high, set last Friday, to trade at $2,513.79 per ounce this morning. This extends its recent gains, as gold has been lifted by expectations of…
New Delhi: The Supreme Court on Tuesday declined a plea by Byju’s to prevent the resolution professional of the bankrupt edtech company from constituting the committee of creditors till the top court further decides on the case. Though the apex court denied the interim relief sought by Byju’s and the Board of Control for Cricket…