23 Aug 2024 • 4 min read The latest insolvency statistics for July 2024 for company and individual insolvencies were published on 20 August 2024 for England and Wales. Whilst there has been a slight increase in individual insolvencies in July 2024 to the figures published in June 2024 for individual insolvencies, the slight dip…
Restaurants and cafés across the UK are going insolvent at a pace not seen for more than a decade. A total of 3,347 eateries have been unable to pay their debts in the past two years to March 2023, according to data from the Insolvency Service. During the first three months of 2023, an average…
Ex-Premier League star avoids jail after bankruptcy – ‘I let my family down’ The Mirror Read the original article here
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
Six restaurants ‘declared insolvent every day between January and March’ Restaurant Read the original article here
On June 4, Suraksha Group took control of JIL following the insolvency appellate tribunal NCLAT decision on May 24, upholding its bid to acquire JIL. 4 min read Last Updated : Aug 25 2024 | 4:10 PM IST Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process…
Customers were left out of pocket, without a holiday and with no refunds provided Travel agents Felix Travels and Tours Limited has been wound-up at the High Court after customers complained they had not received the holiday they paid for In some cases, trips were cancelled at late notice and holidaymakers had to pay for…
The London Resort theme park was due to be built in Swanscombe, Kent – The London Resort The Kuwaiti businessman behind a troubled £2.5bn Kent theme park meant to rival Disneyland has been declared bankrupt. Abdulla Al-Humaidi, who was a key backer of the proposed London Resort development scheme, was confirmed to be insolvent at…
The South African Post Office (SAPO) is insolvent, and its debt obligations have increased to R12.5 billion. This is according to a statement from the business rescue practitioners this week, who said the state-owned company must improve revenue and implement an effective and efficient cost structure to become factually solvent. Joint Business Rescue Practitioners Anoosh…
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…