Compuage Infocom Announces 16th Creditors’ Meeting Amid Insolvency Process – TipRanks
Compuage Infocom Announces 16th Creditors’ Meeting Amid Insolvency Process TipRanks Read the original article here
NCLAT Fortnightly: Important orders on IBC (January 16 – January 31, 2025) – Bar and Bench
NCLAT Fortnightly: Important orders on IBC (January 16 – January 31, 2025) Bar and Bench Read the original article here
Businesses cautious in borrowing amid insolvency risk increases
Business owners are becoming more conservative with borrowing after recent data highlighted challenges are persistent. Business failures are rising and forcing many to rethink processes, according to the Experian Commercial Risk Barometer. As of the last quarter of 2024, there was a 0.7 per cent increase in businesses operating in the Australian market. Businesses at…
SC solves competition-insolvency conundrum—or is there more to come?
The Insolvency and Bankruptcy Code, 2016 (IBC) was brought in as a time-bound solution to the problem of interminable winding-up proceedings. It provides for strict timelines to complete the resolution process, even as the company keeps its business running. However, adherence to timelines has proved challenging in practice. We are looking at an average of…
Scots firms ‘going bust amid rising costs and weaker demand’
The number of businesses going bust in Scotland has risen as firms continue to face challenges amid a tough economic climate. According to the latest figures from Accountants in Bankruptcy (AiB) – Scotland’s insolvency service – there were 1,175 corporate insolvencies in the year 2024-2025, an increase from the previous year’s figure of figure of 1,168.…
Insolvency wave to batter Britain as tariffs and higher taxes hit firms
By JOHN-PAUL FORD ROJAS Updated: 06:51 AEST, 26 April 2025 Britain could be ‘hurtling towards a new wave of business insolvencies’ as tariff turmoil and higher taxes batter firms. Official figures yesterday showed the number of companies going bust rose by 9 per cent to nearly 2,000 last month. And a report from restructuring firm…
Company insolvencies jump in March ahead of cost increases and tariffs
Nearly one-tenth more companies went insolvent in England and Wales in March than the same time last year, according to new figures. The number of registered firms that went bust was 1,992 last month, according to the Insolvency Service, a 2% fall compared with February but a 9% increase compared with March 2024. Creditors’ voluntary…
Insolvency wave to batter Britain as tariffs and higher taxes hit firms – This is Money
Insolvency wave to batter Britain as tariffs and higher taxes hit firms This is Money Read the original article here
French Firm under Contract to Supply 12,000 Rifles to Ukraine Goes Bankrupt
French firearms manufacturer Verney-Carron, which had a contract to supply Ukraine with assault rifles, has declared bankruptcy, according to its parent company, CYBERGUN. The company has stopped paying wages and suspended production due to a complete freeze on its finances. Verney-Carron, which has a two-century history, currently holds a debt of €1 million. Despite receiving…
Big Companies Went Bankrupt at Fastest Pace Since 2010, S&P Says – Bloomberg.com
Big Companies Went Bankrupt at Fastest Pace Since 2010, S&P Says Bloomberg.com Read the original article here