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…
Microsoft-Backed Builder.ai to Enter Insolvency Proceedings MSN Read the original article here
WeightWatchers has filed for bankruptcy in the US as it struggles with debt and fierce competition from fat-loss jabs like Ozempic and Mounjaro. The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand’s debt written off while it agrees new terms for paying back its lenders. WeightWatchers said it will remain “fully operational”…
JSW Steel faces tax benefit reversal after Supreme Court scraps Bhushan Power takeover The Economic Times Read the original article here
WeightWatchers has filed for bankruptcy. The diet brand, which was founded more than 60 years ago, said on Tuesday that it was filing to write off $1.15bn of debt and to focus on transitioning into a remote telehealth services provider. Founded in 1963 by American businesswoman Jean Nidetch, the company aims to help members monitor…
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…
How Abengoa Group impacted the Spanish economy EY Read the original article here
Sarah Champion, the Labour MP for Rotherham, said the situation at Liberty Steel was ”deeply troubling”, adding that the Liberty plant was critical for speciality steel in aerospace, defence and Formula One. ”I have repeatedly urged the government to take all necessary steps to safeguard the plants themselves and the workforce,” she said. “I will…