[LONDON] Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had seized most of its cash. Viola Credit, which provided US$50 million in debt to the software firm last year, has seized US$37 million from Builder.ai’s accounts,…
Aakash Educational Services Ltd, the coaching institute acquired by Byju’s in 2021, has asked audit firm EY to disclose all documents and communication in relation to transactions involving the company. In a statement on Wednesday, Aakash said it would proceed with legal action if EY did not provide the requisite information, and alleged that the…
WeightWatchers goes bankrupt, as offering GLP-1 drugs couldn’t cure its debt problems MarketWatch Read the original article here
In the 2005-06 season, the Miami Heat celebrated a historic milestone by clinching their first-ever NBA championship, defeating the Dallas Mavericks 4-2 in the Finals. One of the key players in that title run was Antoine Walker, who joined the team at the start of the season and carried with him a compelling story of…
In the past year, Dillon Eustace has seen a notable increase in insolvencies in the real estate, construction and hospitality sectors. These appointments have been by domestic alternative lenders (typically backed by international capital) or international funder clients who are not willing to show the same forbearance as the domestic pillar banks, Jamie Ensor, partner…
Rico Iheagwara fraudulently applied for two £20,000 Bounce Back Loans during the summer of 2020 Iheagwara’s SJR Recruitment Limited company was not trading at the time of the applications SJR Recruitment was placed into liquidation in 2021 with liabilities of more than £67,000 A recruitment consultant who fraudulently spent Covid support funds for personal purposes…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 2.9% in April 2025 to a total of 2,053 compared to March 2025’s total of 1,996, and decreased by 5.1% compared to April 2024’s total of 2,163. The business insolvencies consisted of 379 compulsory…
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland declined by 7% in April 2025. The data showed that there were,there were 101 company insolvencies registered in Scotland, 7% lower than the number in April 2024. The total number of business insolvencies was comprised of 47 CVLs, 51 compulsory liquidations…
Latest monthly statistics from the Insolvency Service show that in April 2025, personal insolvencies increased while business insolvencies declined in Northern Ireland. The data showed that there were 123 individual insolvencies in Northern Ireland. This was 10% higher than in April 2024. There were 95 IVAs, 16 bankruptcies and 12 DROs. Business insolvency data shows there were 30…
The European Travel Agents’ and Tour Operators’ Association (ECTAA) has called for urgent, mandatory airline insolvency protection in Europe following the recent bankruptcy of Air Belgium (CB, Brussels Charleroi), which left EUR8 million euros (USD9 million) in unpaid passenger refunds, including more than EUR5 million (USD5.6 million) sold through travel agents and tour operators. Air…