The former AC Milan owner Yonghong Li has been declared bankrupt over money that he owes to creditors, a report claims. According to official Hong Kong court documents seen by Calcio e Finanza, the Chinese businessman was declared bankrupt last July due to unpaid debts of $280m, with a liquidation hearing scheduled for next January.…
In the early 2000s, Steve Sonnenberg seemed to have it all — a thriving e-commerce startup, 200 employees, and millions in annual revenue. But within a few years, the young entrepreneur from Utah found himself filing for bankruptcy, his assets frozen, and his dreams in ruins. The collapse of his first company, WholesaleMatch, after becoming…
Insolvency-related activity rose by 17% in Scotland last month, says R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by CreditSafe indicated an increase in insolvency-related activities from 106 in September to 124 in October. October 2025 figures are 9% higher than the same period in 2024, which saw a spike…
Renowned economist Dawie Roodt believes that more South African banks should go bankrupt, as it is a natural progression of a free market. Roodt shared his views during a discussion about South Africa’s economy on The Main Stage Podcast with Aidan Brown. South Africa’s banking system is highly regulated, which creates a very safe and…
As Australia learnt that Brittany Higgins would likely soon be declared bankrupt after not paying ex-Liberal Senator, and former boss, Linda Reynolds a cent towards legal bills from a high-profile defamation case, the rape survivor posted on social media. The post, which appeared on Ms Higgins’ Instagram story, marked National Survivors’ Day, a day that…
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THE story of auto parts supplier First Brand Group’s bankruptcy journey has just gotten another major twist. Following a probe by the United States Justice Department, the company’s CEO has been charged with fraud amounting to billions of dollars. Sign up for The US Sun newsletter Thank you! The story surrounding a potential vacuum in…