A bankrupt father who illegally transferred tens of thousands of pounds to family and friends to avoid debts has been jailed. Gareth Sowter was declared bankrupt in April 2021 after failing to pay more than £100,000 to the preparatory (prep) school attended by his three sons. Sowter had promised to use a sizeable inheritance to…
FRIDAY EDITION Did Treasury declare US ‘insolvent’? Here’s the bottom line In March 2026, posts claimed the U.S. Department of the Treasury declared the U.S. government insolvent, which would mean the government had lost its ability to repay its debts. The rumor spread after the Treasury published financial statements last Monday for the previous fiscal…
EIT Manufacturing files for liquidation Science|Business Read the original article here
The European League of Football has been declared officially insolvent by the Hamburg District Court, marking a stunning collapse for what was once a flagship professional American football league in Europe and casting serious doubt over its future operations. Court confirms insolvency proceedingsUnder case number 67b IN 14/26, the court opened insolvency proceedings on Monday, confirming the league’s financial failure…
REVEALED: Latest business liquidations in Stirling Daily Telegraph Sydney Read the original article here
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MEPs approve €1.9m aid for 416 Belgian workers after major bankruptcy The Brussels Times Read the original article here