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Major Trucking Companies That Went Bankrupt in 2025

​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…

India needs a National Insolvency Tribunal

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…

US firm Ample enters Chapter 11 insolvency

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 blames effects of US tariffs for bankruptcy, but “business operations will continue” throughout administration

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…