In this episode of Corporate Finance Explained, we explore the most common causes of corporate bankruptcy and financial distress, backed by case studies of Lehman Brothers, Toys “R” Us, WeWork, and more. Learn how finance teams use metrics like interest coverage, working capital trends, and debt ratios to assess risk, and how FP&A and treasury…
Former EastEnders star Martine McCutcheon is declared bankrupt less than a year after split from husband MSN Read the original article here
Owners of The Chapel, a sports and live entertainment bar that opened in June 2024 at 55 High Street, Battle, have recently submitted a retrospective planning application for a change of use of the premises. The previous occupier was the restaurant Trinity of Battle, and the new owners say they weren’t aware that permission for…
Last month, Dalmia Cement (Bharat) Ltd also filed a notice with CCI seeking approval to acquire 100 per cent stake in JAL, including its assets and shareholding in subsidiaries, associate companies and joint ventures. Adani Group has approached the Competition Commission of India (CCI) to seek approval for acquiring up to 100 per cent stake…
Latest figures revealed by the Insolvency Service show that £57.5 million has been returned to the UK economy in the past year, and over 69,000 people have been supported through emergency redundancy payments. The Annual Report and Accounts show that Insolvency Service Official Receivers handled 10,817 new insolvency cases during 2024-25 , this has resulted…
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The level of Australian businesses going under appears to be stabilising, but firms are still becoming insolvent at record-high numbers. Restaurants and construction firms remain hardest hit in CreditorWatch’s monthly Business Risk Index, which found more than 14,000 businesses went bust in the 2024-25 financial year. But income tax cuts and government cost of living…
“Those payments left Special Gold unable to pay its debts, including tax liabilities, which in turn led to penalties and interest liabilities. The payments from the SBI account … appear to be in breach of the freezing orders,” the judge found. Thyge Trafford-Jones was appointed administrator of Special Gold on December 6, 2023, and six…
NCLAT Fortnightly: Important orders on IBC (May 1 – May 15, 2025) Bar and Bench Read the original article here
Ransomware and data extortion attacks are unfortunately becoming increasingly common (see for example, high profile attacks on Canva,1 Latitude Financial2 and recently the Legal Practice Board of Western Australia).3 These attacks typically involve a party (commonly referred to as a ‘threat actor’) accessing and encrypting a company’s systems, and/or exfiltrating (stealing) personal and commercially sensitive…