After seasonal adjustment, 1,971 companies became insolvent in January 2025, up 6% from December 2024 and 11% from January 2024. After three years, the average absolute change between consecutive months has been 12%. After declining in the early 2000s, company insolvencies soared during the 2008-09 crisis. Government support measures during the COVID-19 epidemic in 2020…
The suspended directors of embattled edtech firm Byju’s have approached the bankruptcy appeals court to prevent its creditors from deciding on a ₹158 crore settlement with India’s cricket board. Byju’s Committee of Creditors (CoC) includes opposing lenders US-based Glas Trust Llc. and Aditya Birla Finance. Riju Raveendran, a former director of Byju’s and younger brother of founder…
DOGE head Elon Musk hit back at the criticism faced by Democrats over DOGE cuts and blamed the bureaucracy for the criticism for not allowing the implementation of presidential orders. File | Photo Credit: Reuters Tesla CEO and DOGE head, Elon Musk, criticised the current state of U.S. spending, saying that an average citizen in the…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…
Washington, DC [US]: Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country “should be mad as hell” over the expenditure of the tax money. In an interview with Fox News telecast on Tuesday (local time), Musk said that US President Donald Trump…
Would-be electric air taxi developer Lilium Aerospace appears to have won a stay of execution and has postponed filing for insolvency on the promise that desperately needed investment will arrive next week. The Munich-based company had warned staff on 13 February that it would be forced to apply for insolvency within 24h if it had…
The number of construction companies in England and Wales filing for insolvency in 2024 was 4,032, an 8% decrease from the 2023 total of 4,388. The number of registered company insolvencies for the construction industry in December 2024 was 291, down 8% from November 2024 (319) and down 20% from December 2023. Mark Supperstone, partner…
Washington, DC [US], February 19 (ANI): Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country “should be made as hell” over the expenditure of the tax money. In an interview with Fox News telecast on Tuesday (local time), Musk said that US…
French Arms Manufacturer Verney-Carron Files for Bankruptcy | thefirearmblog.com You may also be interested in Read the original article here
The TOI correspondent from London: Fugitive Indian businessman Vijay Mallya’s barrister told a London court that the banks pursuing Mallya are “acting in bad faith” and not being transparent as he made a failed attempt to adjourn Mallya’s appeal hearing against his bankruptcy order in the London high court on the first day of its…