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US corporate bankruptcies in July hit their highest monthly level since 2020. The number of large public and private companies filing for bankruptcy increased from 66 in June to 71 in July. This makes 446 bankruptcy filings for the first seven months of 2025, the most since 2010. Economic pressures due to Trump tariffs In…
New Delhi, Aug 12 (PTI) The government on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law, proposing a raft of amendments, including an out-of-court mechanism to address genuine business failures, group and cross-border insolvency frameworks. Besides, provisions have been proposed to reduce the time taken for admission of insolvency resolution applications,…
Switzerland: 107-year-old health insurance company goes bankrupt, affecting over 9000 citizens NEWS Express newspaper 12/08/2025 18:00 Zug-based health insurance company Klug has declared bankruptcy and will cease operations at the end of the year. The news was confirmed on Tuesday by the company, which has a 107-year history and counts around 9,300… Read the original…
Switzerland: 107-year-old health insurance company goes bankrupt, affecting over 9000 citizens NEWS Express newspaper 12/08/2025 18:00 Zug-based health insurance company Klug has declared bankruptcy and will cease operations at the end of the year. The news was confirmed on Tuesday by the company, which has a 107-year history and counts around 9,300… Read the original…
Government lines up insolvency firm in case of Thames Water collapse London Evening Standard Read the original article here
FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. Environment Secretary Steve Reed signed off the appointment, which would still need…
FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. Environment Secretary Steve Reed signed off the appointment, which would still need…
About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive’s editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of…
About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive’s editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of…