The company insolvency rate saw a slight dip in the 2025–26 financial year but still remains above the long-term average, the latest ASIC statistics have revealed. The 2025–26 financial year saw 14,152 companies enter insolvency for the first time, according to the latest insolvency statistics by ASIC. This was a slight improvement from the previous…
75-year-old global auto parts company files Chapter 15 bankruptcy thestreet.com Read the original article here
REVEALED: Latest business liquidations in Melton Herald Sun Read the original article here
Property firm linked to Miniso director collapses with $23m owing BusinessDesk | NZ Read the original article here
The Indian Institute of Corporate Affairs (IICA), operating under the Ministry of Corporate Affairs, has started the eighth batch of its Post Graduate Insolvency Programme (PGIP) for the 2026–28 academic session. The two-year residential programme welcomed participants from a wide range of professional backgrounds, bringing together future insolvency professionals, senior officials, faculty members and experts…
Classic Parade Ltd took upfront payments from customers for hiring supercars before cancelling bookings at short notice and not paying refunds Customers included people booking vehicles for significant personal occasions, while more than £1.4 million passed through company bank accounts without explanation The director failed to engage with investigators, meet any Companies House filing obligations,…
Over 750 businesses in South Africa insolvent in 2026 businesstech.co.za Read the original article here
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Leeds-based Torsion Construction has filed a notice of intention to appoint administrators after suffering liquidity pressures and project-related commercial problems. The filing, issued on 20 July, gives the contractor temporary legal protection from creditor action while its directors consider funding and restructuring options. Torsion Group said difficult construction market conditions, delayed capital events, regulatory changes…
When Kaz Nejatian took over as CEO of Opendoor in early 2026, the company was months from bankruptcy. The former Shopify executive didn’t do change management; he changed every default violently. In the first week, he ended remote work, fired two PR firms by accident, killed two profitable but non‑core business lines, and told the…