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 used fake testimonials and misleading websites to deceive small businesses…
Insolvency and Bankruptcy Code (Amendment) Bill, 2025: Key Reforms And What They Mean For Stakeholders BW Legal World Read the original article here
Advance Create Co., Ltd. Strives to Meet Listing Criteria Amid Insolvency MSN Read the original article here
Former Premier League star Dean Windass earned £30,000-a-week at the peak of his football career, but was among those to have been declared bankrupt following retirement from the game. Windass, now 56, had enjoyed an 18-year playing career and featured in each of English football’s top four divisions. The forward represented three different clubs in…
Questions have been raised over whether Nottingham City Council should have been declared effectively bankrupt two years ago. The authority has passed on information to a financial organisation over the decision, which has contributed to further widespread cuts across the city. Senior councillors say they were prevented from scrutinising the move – highlighting that councils…
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A Vollert shunting robot for Kazakhstan. Source: Vollert Germany: Vollert filed for insolvency at the Heilbronn District Court in July 2025. Just a few weeks before this filing, the company had secured two major new contracts, but was unable to utilise bank guarantees to fulfil these orders. Founded in 1925, Vollert focuses on rail-based products…
The number of bankruptcies in the Netherlands dropped significantly in July. According to Statistics Netherlands, a total of 299 companies were declared bankrupt in July, which is 109 fewer than during the same period last year, a drop of 27 percent. It was also 4 percent fewer than in June. The bankruptcy rate, the number…
Mohammed Saqib Choudrey, 33, has been disqualified from being a director of a company for the next 10 years. Choudrey, of Eskdale Close, applied for the loan of £50,000 for his business Legit Limited during the Covid-19 pandemic. Under the BBL scheme, businesses could apply for a loan of between £2,000 and £50,000, subject to a maximum…
FM tables IBC amendment bill to speed up insolvency cases MSN Read the original article here