Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy – Bernama
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy Bernama Read the original article here
B.C. judge affirms bankrupted fraudster can’t wipe payments
Justice Gordon Weatherill declared money ordered to be paid back to investors can’t be wiped out in a discharged bankruptcy A recent judgment in B.C. Supreme Court has declared a bankrupt man cannot discharge the $6.8 million the B.C. Securities Commission has ordered him to repay investors. On the heels of a Supreme Court of Canada ruling…
North Carolina chipmaker Wolfspeed goes bankrupt despite government support
After several semiconductor manufacturers like Taiwan Semiconductors and Micron have pledged billions in expanding their operations in the United States, it is surprising to see one of them go bankrupt. Wolfspeed, a North Carolina manufacturer of semiconductors for electric vehicles, said it had struck a deal with creditors to reduce its near $6.5 billion debt…
April drop in hospitality insolvencies though warning signs remain
Home News By Hamish Graham Published: 23 June, 2025 Fresh data from the UK Government’s company insolvency statistics can reveal that insolvencies in the accommodation and food services sector were down 12% year on year for April, with 275 going bust during the month. Good weather during the month boosted sales for the sector likely…
Former England footballer faces bankruptcy after ‘being hit with HRMC bankruptcy petition’
Former England international Shaun Wright-Phillips is facing a bankruptcy petition filed by HM Revenue & Customs at the High Court on Friday. The 43-year-old ex-Manchester City and Chelsea winger could face financial ruin following the tax authority’s legal action. Wright-Phillips, who retired from professional football in 2019, has since established himself as a regular pundit…
KSK Water Infra CoC approves insolvency process withdrawal- The Week
New Delhi, Jun 23 (PTI) The Committee of Creditors has cleared a proposal to withdraw the insolvency resolution process of KSK Water Infrastructures Private Limited (KWIPL) after approving a debt settlement proposal submitted by JSW Energy. On March 6, JSW Energy Limited said it had completed the acquisition of KSK Mahanadi Power Company Limited (KMPCL) under…
KSK Water Infra’s Insolvency Process Withdrawn: Rediff Moneynews
Committee of Creditors approves debt settlement proposal, ending insolvency process for KSK Water Infrastructures Private Limited. JSW Energy completes acquisition. New Delhi, Jun 23 (PTI) The Committee of Creditors has cleared a proposal to withdraw the insolvency resolution process of KSK Water Infrastructures Private Limited (KWIPL) after approving a debt settlement proposal submitted by JSW…
Man Utd suffering from £400m mess that Ruben Amorim’s summer signings must fix
Manchester United have spent over £400m on signings in the past five years but the club have been left ruing a number of poor transfer decisions which have cost them dearly Ruben Amorim has only signed Matheus Cunha this summer(Image: Getty Images) Despite Manchester United having a hefty transfer budget to reclaim their spot amongst…
Why the voting threshold is a major hurdle in insolvency application withdrawal
A key hurdle is the stiff requirement for a 90% voting threshold from the committee of creditors (CoC) to approve such a withdrawal, even when a viable insolvency resolution plan is near, they said. “One of the key challenges is the requirement of a 90% voting threshold from the committee of creditors (CoC), which is…
Construction company insolvencies decline in April
Construction insolvencies fell slightly in April, newly published data has revealed. Official statistics from the Insolvency Service show that there were 324 building firm insolvencies during the month, compared to 376 in March. Figures previously revealed by Construction News showed a decline in administrations in April, though the likes of London contractor the Breyer Group…