Insolvency: from crisis to reform | China

A slowing economy has exposed China’s insolvency regime as a system grappling with outdated legislation, growing cross-border complexities, and a cultural mindset reluctant to change. Yet, within these challenges lie opportunities for reform, writes Luna Jin In an ancient Chinese fable, the renowned physician Bian Que warns a ruler about a minor illness, only to…

Studebaker goes bankrupt | March 18, 1933

Albert Erskine (1871–1933) assumed the top job at Studebaker in 1915. Under his leadership, the company acquired luxury automaker Pierce-Arrow in the late 1920s and launched the affordably priced but short-lived Erskine and Rockne lines (the latter named for the famous University of Notre Dame football coach: Before his death in a plane crash in…

Monthly Insolvency Statistics: February 2025

​After seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,035 in February 2025, 3% higher than in January 2025 (1,978) but 7% lower than the same month in the previous year (2,188 in February 2024). Company insolvencies over the past year have been slightly lower than in 2023, which saw…

Manchester tech companies shut down for suspected monthly direct debit scam | Insolvency Service

Consumers appeared to be signed up for monthly payments without their consent. Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam  Monthly payments of around £30 were made without customers’ knowledge or permission, complainants said  Both companies have now been shut down in court…