Dutch branch of retailer Carpetright declared bankrupt; Hundreds of jobs in jeopardy
Dutch branch of retailer Carpetright declared bankrupt; Hundreds of jobs in jeopardy | NL Times Skip to main content Read the original article here
Former city councillor's gold-trading business collapses – NZ Herald
Former city councillor’s gold-trading business collapses NZ Herald Read the original article here
Proposed Amendments To IBC Will Restore Confidence
The government introduced a bill in this monsoon session to amend the Insolvency and Bankruptcy Code. This is the first amendment proposal since 2021. The working of the IBC has faced criticism due to delays and judicial pronouncements that were not predictable. While the non-performing loan cycle is down, the confidence in using the IBC…
UK economy ‘flashing red’ as number of companies going insolvent soars
Borrowing in the financial year to August 2025 was also £83.8 billion, £16.2 billion more than in the same five-month Borrowing in the financial year to August 2025 was also £83.8 billion(Image: PA) In August 2025, 11,348 individuals entered insolvency in England and Wales, while 2,048 companies went insolvent. For individuals, it was 7% higher…
Punjab and Haryana High Court upholds HRERA penalties against Ansal Properties
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Insolvencies ease but outlook still ‘incredibly challenging’
“While a fall in insolvencies is positive, operating conditions remain incredibly challenging,” said Michelle Elliot, restructuring partner at FRP in Glasgow. “With consumer confidence so weak, businesses are having to absorb significant cost rises in order to remain competitive. “This is putting acute pressure on margins, and there are few signs of respite on the…
Drivers who don’t pay congestion charge could be made bankrupt
Authorities could also make employers hand over part of salaries until the debt is paid A sign warning drivers that they will be entering Low Emission and Ultra Low Emission Zones Drivers who persistently refuse to pay ultra-low emission zone (Ulez) fines could be made bankrupt, Transport for London (TfL) has said. The transport authority…
Ex-IoD chief disqualified until 2036 over Bounce Back Loan abuse
A former interim head of the Institute of Directors (IoD) has been disqualified from acting as a company director for 11 years over the abuse of the Covid Bounce Back Loan Scheme. Anna Daroy, 61, of Abbots Morton, Worcestershire, who led the prestigious business lobby group in 2019, secured two £50,000 loans for her management…
Hospitality insolvencies rise for a third consecutive month
New company insolvency statistics show accommodation and food services insolvencies rose again in July, this time by 5% to 327 from 306 the month before. It represents the sector’s highest monthly insolvency figure since November 2024 and follows a 4% month-on-month rise in June and a 6% rise in May. When analysing the data, RSM…
Construction insolvencies tick up in July
Construction insolvencies increased slightly in July compared with June, although the rate was lower than 12 months ago, according to the latest official statistics. Insolvency Service figures show 332 construction companies went into administration or liquidation in July – up 2.5 per cent on the previous month’s total of 324 but down 3.5 per cent…