2025 proved to be a rough year for the trucking industry. From interstate freight carriers to longtime national trucking chains, around eight well-known companies filed for bankruptcy. Rate compression, mounting debts, and unorganized finances were among the different reasons that contributed to the bankruptcies. 8 Trucking Companies That Filed for Bankruptcy in 2025 As the…
The Insolvency and Bankruptcy Code’s effectiveness depends on speed. An adjudicatory body devoted entirely to insolvency is a necessity and not an embellishment | Photo Credit: sankai Nearly a decade after the Insolvency and Bankruptcy Code ushered in a new era of creditor rights and time-bound resolution, it is time to reassess the institutional machinery…
Paul McCartney performs on stage on his On The Run tour at Ahoy on March 24, 2012 in Rotterdam, Netherlands. Höfner, the German instrument brand best known for the Violin Bass synonymous with Paul McCartney, has clarified its position after reports emerged that the company had submitted preliminary insolvency proceedings, as per court documents. “Dear…
Ample, a San Francisco-based company, aimed to become a key player in the battery-swapping sector. However, the firm has now filed for Chapter 11 insolvency in the Southern District of Texas. Despite raising a total of $330 million over its lifetime, Ample has reportedly faced liquidity issues in recent times, primarily due to ‘the challenging…
Höfner has given an update on its recent bankruptcy filing, stating that “business operations will continue” throughout the administration process. It has also cited the effects of a challenging export market, particularly due to the recent hike in US tariffs rates. A new press release from the German guitar and bass manufacturer adds some context…
Jodie Wildridge, deputy chair of R3 in Yorkshire Corporate insolvencies fell by 8% to 1,866 in November 2025, compared to the October figure of 2,034. They were also down by 7% compared to the November 2024 figure of 2,001 and by 18% compared to November 2023’s 2,273 figure. Jodie Wildridge, deputy chair of the UK’s…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Proto D Industries Private Limited, holding that the operational creditor had established a default of over Rs. 5.8 crore and the corporate debtor had failed to prove any ‘pre-existing dispute’.…
‘Glimmer of hope’ for businesses says R3 as November insolvencies fall Yorkshire Post Read the original article here
A brief overview of the situation: battery manufacturer BMZ Group is facing the insolvency of two of its central subsidiaries. Both BMZ Germany GmbH and BMZ Holding GmbH, based in Karlstein am Main, have entered insolvency. The Aschaffenburg District Court formally opened self-administration insolvency proceedings for both companies on 19 December 2025. As previously reported,…
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales decreased by 6.7% to 1,866 in November 2025, compared to the November 2024 figure of 2,001. The business insolvencies consisted of 250 compulsory liquidations, 1,461 creditors’ voluntary liquidations (CVLs), 136 administrations, 18 company voluntary arrangements (CVAs) and…