Newcastle recruiter made bankrupt after failing to pay council tax is sentenced for Covid fraud, running phoenix company and buying properties while banned as a director

Bankruptcy

Lucien Ekamba-Elombe set up a phoenix company while bankrupt after failing to pay his council tax and hid his involvement behind an unwitting front man He fraudulently claimed a £30,000 Covid Bounce Back Loan he had no right to and transferred thousands to his own account Ekamba-Elombe also bought two properties using more than £190,000…

Business insolvencies increase by 2%

Bankruptcy

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 2% in April 2026 compared to the previous month rising to 2,085 from 2,037. April’s figure was 3% up on the same month in 2025. The data showed that there were  2,085 business insolvencies. The…

Prime Trust Estate Sues Strike Over $29.5M and Bitcoin Withdrawals Before Collapse — TradingView News

Bankruptcy

Prime Trust’s estate has sued Strike, claiming the Bitcoin payments company withdrew nearly $29.5 million and 1,939 Bitcoin just weeks before Prime Trust went bankrupt. The lawsuit is now raising questions about whether some crypto firms saw the collapse coming early and quickly moved funds to protect themselves Prime Trust Estate Targets Strike Withdrawals According…

Insolvency And Bankruptcy Code: IBBI Introduces New Guidelines for Swift Appointment of Insolvency Professionals, ETRealty

Bankruptcy

NEW DELHI: IBBI has issued fresh guidelines for the empanelment of insolvency professionals to enable quick appointments in corporate insolvency and bankruptcy cases. These guidelines provide the procedure for preparing a panel of insolvency professionals (IPs) to act as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs) and bankruptcy trustees (BT). In a circular on…