This is the second bankruptcy in five years for a parent company of Brio Italian Grille. | Photo: Shutterstock. Bravo Brio Restaurants, the parent of a pair of Italian casual-dining chains, declared bankruptcy on Monday, according to court documents. The Orlando-based company estimated both its assets and liabilities at between $50 million and $100 million.…
Today’s company insolvency statistics show accommodation and food services insolvencies rose again 4% from 296 in May 2025 to 307 in June 2025, reaching the highest monthly figure since November 2024. However, annual insolvencies in the sector were down 5% from 323 in June 2024. Saxon Moseley, partner and head of leisure and hospitality at…
Mons Solar AG is bankrupt. PD Mons Solar AG, based in Sennwald, has filed for bankruptcy. Around 60 employees are losing their jobs – wages could no longer be paid. No time? blue News summarizes for you The solar company Mons Solar AG from Sennwald has filed for bankruptcy. Around 60 employees are affected and…
DHFL’s Kapil Wadhawan Declared Bankrupt, Dheeraj Ordered to Surrender in Rs34,000-Crore Loan Fraud Case Moneylife Read the original article here
The construction sector has seen almost 4,000 insolvencies over the past year – the highest total of all industries. The latest Insolvency Service figures reveal 3,984 construction firms went under in the 12 months to the end of June, which accounted for 17 per cent of all business failures. This was higher than the second-placed…
In a recent case, the New Delhi bench of the National Company Law Tribunal(NCLT) has held that Insolvency Bankruptcy Code Proceedings are not to recover applicants dues. Dismissed application, as the applicant approached for recovery rather than facilitating the resolution of the Corporate Debtor, who is solvent and operational. The application under Section 7 of…
Companies wound-up by the High Court following Insolvency Service investigations. EDC Group NE Ltd, UK EDC Ltd and UK TCF Limited have been shut down by the High Court after keeping more than £50,000 in funds they collected on behalf of clients The three companies falsely claimed decades of experience despite being recently established, and…
The number of registered company insolvencies in England and Wales was 2,081 in July 2025, similar to both June 2025 (2,053) and the same month in the previous year (2,078 in July 2024). Monthly company insolvency numbers in the first seven months of 2025 were higher than the second half of 2024, but remained slightly…
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More businesses forced to close in July as cost pressures mount MSN Read the original article here