US corporate bankruptcies end 2020 at 10-year high amid COVID-19 pandemic – S&P Global

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.…

Scarborough named local authority with the highest personal insolvencies in England and Wales R3 comments on 2019 statistics – Bdaily

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…

Happy New Year – The Small Business Insolvency Reforms Come to the Party | Australia – ICLG.com

For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economi… For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian…

Troubled businesses face end of parachute rules protecting them from insolvency – Newcastle Herald

Hunter Business Chamber expects a “shaking out” of unviable companies after a suite of emergency protections ends on January 1. Many vulnerable businesses face the reversal of rules which have shielded directors from personal liability and allowed companies to trade while insolvent. The period for temporary debt protection for debtors will revert from six months…

32 bankruptcies in week 52 – Statistics Netherlands

Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Download CSVShow datatableNumber of bankruptcies of businesses and institutions (including sole proprietorships), weekly Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly 2019 1…