IDAGIO Streaming Service Completes Insolvency Proceedings

  The German company IDAGIO, which runs a specialist classical music streaming service, has completed its insolvency proceedings in self-administration. The whole process took about four months, and the creditors have unanimously agreed to the insolvency plan proposed by the company. The proceedings will soon be approved by the Charlottenberg District Court. The new shareholders are…

Insolvency-related activity increases by more than 12 per cent in Wiltshire and Berkshire

Swindon & Wiltshire Economy Monday November 10 2025 Insolvency-related activity rose again in Wiltshire, Berkshire and the South East last month, says R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by Creditsafe indicated an increase in insolvency-related activities from 187 in September to 210 in October. This represents a…

Oi couldn’t hold on: the company is declared bankrupt, leaving a billion-dollar hole in the Brazilian telecommunications sector. Essential services will remain provisionally under judicial management

A court in Rio de Janeiro has declared Oi bankrupt, ending decades of operation for the former telecommunications giant. Some services will remain operational provisionally to guarantee essential public and private contracts. The Rio de Janeiro court decreed this Monday (10) the bankruptcy of the Oi Group, one of the oldest and most emblematic operators…

Sonder To File for Chapter 7 Bankruptcy, Liquidation

Short-term rental operator Sonder is going out of business. The company announced on Monday afternoon it would be winding down its operations “immediately.” Furthermore, it plans to file for Chapter 7 liquidation of its business stateside and insolvency proceedings in other countries where it operates. The company said it considered a sale of its business…

Sonder Officially Closes: What Went Wrong?

Sonder will “complete a wind-down of operations,” declaring bankruptcy in the U.S. and insolvency overseas, the company said Monday. The word came a day after Marriott ended a licensing agreement that had failed to meet financial obligations. Sonder, which ran apartments and hotels as a hotel-like business, cited “severe financial constraints” stemming from prolonged technical…