Philippines gets lowest score in S&P insolvency review

Keisha Ta-Asan – The Philippine Star December 4, 2025 | 12:00am MANILA, Philippines — The Philippines emerged in the lowest category in global ranking of insolvency regimes, with S&P Global Ratings citing weak protections for creditors and unpredictable outcomes when companies undergo rehabilitation or bankruptcy. The global debt watcher classified the Philippines as a Group…

Builder who stole plant machinery and used company money to pay for Audi ordered to repay more than £190,000

Builder Vasile Hrusca withdrew funds from his failing company to pay off a high-performance Audi and sold plant machinery under hire purchase agreements, spending the proceeds on gambling Hrusca was handed a suspended sentence and disqualified as a company director earlier this year Financial investigations by the Insolvency Service under the Proceeds of Crime Act…