China's Real Estate Giants Face Insolvency Amid $500 Billion Debt … – Investing.com Australia

China’s largest real estate developers, China Evergrande (HK:) and Country Garden, are grappling with insolvency as they collectively shoulder a $500 billion debt. The crisis, which began in 2021 when Evergrande defaulted, has severely impacted China’s economy and shaken investor confidence. Country Garden recently announced its inability to pay nearly $200 billion of debt, signaling…

Ato Essien could have been prosecuted without shutting down … – Myjoyonline

A former Deputy Minister of Finance, Kweku George Ricketts-Hagan has said the former Chief Executive Officer of the defunct Capital Bank, William Ato Essien could have been prosecuted without the government revoking the bank’s license to collapse it during the financial sector cleanup. Capital Bank was declared insolvent by the Bank of Ghana (BoG) in August…

Company insolvencies up 17% last month – London Business News … – London Loves Business

The number of company insolvencies in September 2023 was 17% higher than the same month last year, according to official data published by The Insolvency Service today. It also said the number of Breathing Space registrations, which give people with problem debt legal protections from creditor action for up to 60 days, rose by 25% compared to September last…

Methodology and Quality Document – Monthly Insolvency Statistics … – GOV.UK

The Insolvency Service Published 13 October 2023 Contents 1. Data Sources 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National…