Issue in Aussie surf brand collapse – The Australian
Issue in Aussie surf brand collapse The Australian Read the original article here
Northern Irish business insolvencies increase whilst personal insolvencies
Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…
Fix Australia’s restructuring laws to let viable companies live
Cyclone Trump is unsettling the world’s economic weather. Recession clouds are darkening. Insolvencies have already increased by 25 per cent since the pandemic. Australian companies will increasingly be buffeted and restructuring laws will be needed more often. Right now, those laws too often favour putting viable businesses under. It’s time to adjust them so that…
JSW Steel Coated Products wins bid for Colour Roof India, Legal News, ET LegalWorld
JSW Steel Coated Products Limited (JSWSCPL), a wholly-owned subsidiary of JSW Steel, has received a letter of intent from the resolution professional of Colour Roof (India) Limited, indicating its successful bid in the corporate insolvency resolution process (CIRP). The committee of creditors approved JSWSCPL’s resolution plan, declaring the company the successful resolution applicant. The completion…
‘Architect’ of demise of Fortress linked to insolvency proposal
A businessman accused of being the “architect” of the demise of Fortress Capital Partners, an alleged Ponzi scheme, has been linked to an insolvency proposal to take control of the business. Fortress, whose investors included celebrities and members of a south London church, promoted returns of up to 18 per cent a year before collapsing…
A Total Of 5,272 Youths Declared Bankrupt Since 2020 – bernama
A Total Of 5,272 Youths Declared Bankrupt Since 2020 bernama Read the original article here
a major shock for the green industry
On March 12, 2025, Sweden’s Northvolt, once heralded as Europe’s battery champion for electric vehicles (EVs), declared bankruptcy. This collapse has sent shockwaves through the European automotive sector, especially the already struggling electric car market, which faces fierce competition from American and Asian giants. Northvolt’s Ambitious Journey Turns into a Fiasco Northvolt, founded in 2016,…
Ansal Properties Undergoes Corporate Insolvency Resolution Process – TipRanks
Ansal Properties Undergoes Corporate Insolvency Resolution Process TipRanks Read the original article here
Hospitality insolvencies down but remain historically high – London Business News
Company insolvency statistics show accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025. Insolvencies in the sector fell 20% to 271 in February 2025, compared to the same month last year (339). However, they remain historically higher than…
Another specialist insolvency in Britain – money-tourism.gr
Another specialist insolvency in Britain money-tourism.gr Read the original article here