Category Archives: Bankruptcy

France economy collapse: France political crisis: Is country about to go bankrupt due to Donald Trump tariffs? Factors that have impacted Europe’s 2nd largest economy

France is witnessing unprecedented political and economic crisis. On Monday, President Emmanuel Macron’s government is expected to fall for the second time in just nine months after a confidence vote in parliament. French Prime Minister François Bayrou faces a confidence vote on Monday, which he is expected to lose, plunging the euro zone’s second largest…

Cleaning company which took thousands for services it did not provide is shut down

SOFY 82 UK Ltd claimed to be one of the top cleaning companies in the UK.  The Insolvency Service found evidence of customers not receiving services they had paid for, denied refunds, and numerous false claims including guaranteed full tenancy deposit returns.   The company was subject to a winding up order at the High Court…

Bankruptcy of Lehman Brothers | Description, Cause, & Facts

bankruptcy of Lehman Brothers, collapse of the investment bank Lehman Brothers that occurred on September 15, 2008. It was the largest bankruptcy in U.S. history at that time, and it was among the most significant events of the financial crisis of 2007–08. Lehman Brothers was founded in 1850 by three brothers who emigrated to the…

NCLT Proceedings Push Dunzo Deeper Into Insolvency Struggles – BW Legal World

NCLT Proceedings Push Dunzo Deeper Into Insolvency Struggles  BW Legal World Read the original article here

Start-up and insolvency activity both decline in Yorkshire and Humber

Dave Broadbent, chair of R3 in Yorkshire The number of new businesses launched in Yorkshire and the Humber fell in August, while insolvency-related activity also declined, according to new analysis from R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s latest figures, based on data from Creditsafe, show that business start-ups across Yorkshire and…

Hit on liquidation attorney Bouwer van Nierkerk sparks fear and outrage

In what appears to be a targeted assassination, well-known insolvency attorney Bouwer van Niekerk was gunned down on Friday morning in the boardroom at his SmitSew law office in Saxonwold, Johannesburg. Moneyweb understands Van Niekerk received multiple death threats warning him to step away from a case he was working on involving a suspected Ponzi…

Vedanta Slips 1% as It Leads Race for Jayprakash Associates Insolvency; JP Shares Gain 4% | Markets News

Last Updated:September 08, 2025, 09:39 IST Vedanta leads the race to acquire debt-laden Jaiprakash Associates for Rs 17000 crore, surpassing other bidders in the insolvency process. Vedanta leads the race to acquire debt-ridden Jayprakash Associates Limited. Vedanta Share Price: Vedanta shares fell 1.46 per cent intraday on Monday to trade around Rs 439 apiece, after…

Publishers Clearing House Winners Say They Aren’t Receiving Lifetime Payments

NEED TO KNOW Several sweepstakes winners who won annual lifetime payouts said they are no longer receiving their yearly winnings The winners all won through Publishers Clearing House and said the checks stopped coming shortly before the company went bankrupt in April One of the winners said he may even lose his home due to…

About Hungary – PM Orbán: “If we end up with a foolish government, we’ll go bankrupt—everyone needs to remember that”

“We play with open cards and have only good intentions, so we have nothing to hide,” Prime Minister Orbán said. He contrasted this approach with what he described as the deceitful practices of the opposition, referencing a leaked internal opposition quote—”We can’t tell the truth or we’ll lose the election; first we win, then we…

From ₹2-cr fine to nixing licence—new IBC moots stiffer action on errant RPs

Mumbai: With a view to increase their accountability, resolution professionals (RPs) could be in for far stricter action under the proposed Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which will empower the “disciplinary committee” to impose penalties of up to ₹2 crore, suspend, or even cancel their registrations for “unlawful gains”. The draft law lands…