The number of people going financially insolvent across England and Wales in May was 5% higher than the same month in 2024, according to Insolvency Service figures. In May 2025, 10,014 people entered insolvency, including bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs), a total which was broadly unchanged compared with 10,060 insolvencies…
Autumn tax rises ‘increasingly likely’ Despite UK government borrowing slightly undershooting forecasts so far this financial year, tax rises in the autumn are likely. That’s the view of City consultancy Capital Economics, who told clients this morning: Despite the overshoot in May, public borrowing was £2.9bn below the OBR’s forecast in the first two months…
Scottish corporate insolvencies up 13% year-on-year insider.co.uk Read the original article here
Former England footballer Trevor Sinclair, has been declared bankrupt after a judge accused him of ‘burying his head in the sand’ after he failed to pay a five-figure amount relating to his media work in 2021 and 2022. Sinclair, a 2002 World Cupper with the Three Lions, had joined the Indian men’s team as part…
1. Main messages for England and Wales The number of registered company insolvencies in England and Wales was 2,238 in May 2025, 8% higher than in April 2025 (2,074) and 15% higher than the same month in the previous year (1,946 in May 2024). Monthly company insolvency numbers in the first five months of 2025…
A ransomware attack pushed the German napkin firm Fasana into insolvency Pierluigi Paganini June 20, 2025 A cyberattack pushed the German napkin firm Fasana into insolvency, likely worsening existing financial troubles and serving as the final blow. German napkin maker Fasana filed for insolvency after a major cyberattack on May 19 paralyzed its systems, halting…
IBC Sees Highest-Ever Recovery in FY24-25 but Resolution Delays and Haircuts Remain a Drag: ICRA Moneylife Read the original article here
Dutch company bankruptcies rise slightly in May as hospitality sector struggles NL Times Read the original article here
IBC’s weak spot: Slow, difficult recovery from dubious pre-bankruptcy deals Mint Read the original article here
State-owned pharmaceutical company PT Indofarma has responded to its subsidiary PT Indofarma Global Mendika which was declared in default or bankrupt by the court, assuring stability of operations in the parent company and other subsidiaries. Hilda Yani, Corporate Secretary of Indofarma, said that this decision was the result of a creditor vote on the peace…