A businessman accused of being the “architect” of the demise of Fortress Capital Partners, an alleged Ponzi scheme, has been linked to an insolvency proposal to take control of the business. Fortress, whose investors included celebrities and members of a south London church, promoted returns of up to 18 per cent a year before collapsing…
A Total Of 5,272 Youths Declared Bankrupt Since 2020 bernama Read the original article here
Belgium-based steelmaker Liberty Liège, a subsidiary of Romania-based Liberty Galati, has officially been declared bankrupt by the Liège Business Court due to the inability to raise the necessary funds to maintain its assets during the silent bankruptcy proceedings, according to local media reports. In the coming days, 520-550 employees, who had not been paid for…
On March 12, 2025, Sweden’s Northvolt, once heralded as Europe’s battery champion for electric vehicles (EVs), declared bankruptcy. This collapse has sent shockwaves through the European automotive sector, especially the already struggling electric car market, which faces fierce competition from American and Asian giants. Northvolt’s Ambitious Journey Turns into a Fiasco Northvolt, founded in 2016,…
Ansal Properties Undergoes Corporate Insolvency Resolution Process TipRanks Read the original article here
Company insolvency statistics show accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025. Insolvencies in the sector fell 20% to 271 in February 2025, compared to the same month last year (339). However, they remain historically higher than…
Another specialist insolvency in Britain money-tourism.gr Read the original article here
Compuage Infocom Announces 16th Creditors’ Meeting Amid Insolvency Process TipRanks Read the original article here
NCLAT Fortnightly: Important orders on IBC (January 16 – January 31, 2025) Bar and Bench Read the original article here
Business owners are becoming more conservative with borrowing after recent data highlighted challenges are persistent. Business failures are rising and forcing many to rethink processes, according to the Experian Commercial Risk Barometer. As of the last quarter of 2024, there was a 0.7 per cent increase in businesses operating in the Australian market. Businesses at…