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…
Getty Images Local authorities are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said. Cosla issued the warning in a briefing paper ahead of the Scottish budget on 19 December. The local government body said councils need nearly £14.4bn in the budget just to “stand still”. The…
New Delhi: The Supreme Court on Thursday refused to pass an interim order to ensure that the committee of creditors (CoC) does not hold any meeting in pursuance of the insolvency proceedings against embattled ed-tech firm Byju’s. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, said…
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Glenn Armstrong gave false and misleading information to obtain £273,000 from four individuals after a creditor applied to make him bankrupt in April 2018 Creditors lost hundreds of thousands of pounds because of transfers Armstrong made following the presentation of the bankruptcy petition The Bankruptcy Restrictions Order (BRO) places a number of restrictions on Armstrong…
The Polish infrastructure minister, Dariusz Klimczak, maintains that PKP Cargo will not go bankrupt. The company is “too important”, he says. The minister already sees improvements at the company. “I would like to reassure all those who are worried about the PKP Cargo company. The company has no right to go bankrupt and will not…
Dismayed by the news that one of Britain’s greatest ever Olympians had been declared bankrupt, I had been trying all week to contact Sir Bradley Wiggins and hear his side of this sorry story. Puzzlingly, he wasn’t to be found at either of the addresses in Lancashire which he gave to court: an elegantly converted…
2U, a fading giant in the online program manager space, announced Thursday it had filed for Chapter 11 bankruptcy. While the company said the process will put it back in a competitive position, experts said the filing creates an incentive for longtime customers to rework their contracts or finally jump ship from an OPM plagued…
Indian ed-tech giant Byju’s insolvency case fans employees’ fears Reuters India Read the original article here
3 min read Last Updated : Aug 22 2024 | 7:19 PM IST The Supreme Court on Thursday refused to stay the operations of the Committee of Creditors (CoC) formed in the insolvency resolution process against ed-tech company Byju’s. A Committee of Creditors (CoC) is a group of people who represent a company’s…