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…
Company insolvencies in Scotland rose in July 2024, reaching 117 cases, a 21% increase compared to the same month in 2023, however, the overall insolvency rate for the past 12 months has slightly decreased. In July 2024, there were 117 company insolvencies registered in Scotland, 21% higher than the number in July 2023. The total…
The representatives from the third largest and biggest opposition party have introduced a “Personal Insolvency Bill” in the 50th National Assembly. This was announced by the party’s press center. It is well known that Bulgaria is the poorest country with the lowest incomes per capita among the member states of the European Union. For example,…
The number of firms in England and Wales going bust last month rose by 16% year-on-year, according to official figures. Commentators said the 2,191 company insolvencies in July showed how many businesses were still recovering from the impact of high inflation and borrowing costs despite growing optimism about the UK’s economic outlook. The figure was…
Scottish company insolvencies up 21% in July Insider.co.uk Read the original article here
Nick Griffin: BNP Leader Declared Bankrupt Nick Griffin, chairman of the British National Party, has said his bankruptcy will not prevent him from “being or standing as an MEP”. He insisted he would continue as a member of the European Parliament and run for re-election in May. “This order will not prevent me fighting for…
Debt dilemma: 160,000 bankruptcy cases stalled due to document delays New Straits Times Read the original article here
KUALA LUMPUR: As of July, there are 159,781 unresolved bankruptcy cases in Malaysia, according to the Malaysian Department of Insolvency (MDI). MDI director-general M. Bakri Abd Majid attributed the delays primarily to individuals’ failure to cooperate by submitting essential documents. According to a Malay daily, these include lists of liabilities, completed statutory forms like the…