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Vulnerable consumers hit hardest by bankruptcy of Groupcard

Groupcard provided prepaid cards to Dutch municipalities for welfare recipients, informal carers and volunteers. Now it is bankrupt, the cards are worthless and consumers and municipalities have lost money. Associate Professor Jessie Pool is investigating whether vulnerable people need better protection in bankruptcies. The main activity of the bankrupt Groupcard, a company based in Aalsmeer,…

Over 4,100 Malaysian civil servants declared bankrupt since 2020, says deputy finance minister

KUALA LUMPUR, Aug 13 — The Malaysian Department of Insolvency recorded 4,194 bankruptcy cases involving civil servants between 2020 and June 2025, about 0.3 percent of the nation’s 1.6 million public sector workforce.  Deputy Finance Minister Lim Hui Ying said the Credit Counselling and Debt Management Agency (AKPK) offers advisory services, financial management assistance and…

Wiltshire business insolvency activity on the rise again

The increase in business distress was recorded across Wiltshire and the South East, with the latest jump taking numbers from 163 in June to 185 in July, according to data from Creditsafe. The figures, compiled by R3, the UK’s insolvency and restructuring trade body, reflect early signs of business distress including administrator and liquidator appointments…

Wiltshire business insolvency activity on the rise again

The increase in business distress was recorded across Wiltshire and the South East, with the latest jump taking numbers from 163 in June to 185 in July, according to data from Creditsafe. The figures, compiled by R3, the UK’s insolvency and restructuring trade body, reflect early signs of business distress including administrator and liquidator appointments…

Wiltshire business insolvency activity on the rise again

The increase in business distress was recorded across Wiltshire and the South East, with the latest jump taking numbers from 163 in June to 185 in July, according to data from Creditsafe. The figures, compiled by R3, the UK’s insolvency and restructuring trade body, reflect early signs of business distress including administrator and liquidator appointments…