Katie Price will have one of her two bankruptcies dropped. Once thought to have a net worth of £40m, the former glamour model has been declared bankrupt for the second time in March last year over an unpaid tax bill of £761,994.05. The mum-of-five, 46, was first declared bankrupt in 2019. The news one of…
The National Company Law Tribunal (NCLT), Delhi, has held that a petitioner cannot initiate the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) if the business arrangement between the parties involves joint participation and profit-sharing rather than a straightforward operational debt. The Tribunal ruled that such an…
The National Company Law Tribunal (NCLT) on Monday directed the Board of Control for Cricket in India (BCCI) to submit its application to withdraw the insolvency plea it had filed against Think & Learn Private Limited, the parent company of ed-tech giant Byju’s. The move comes as part of the ongoing legal dispute between the…
Companies › Other Published: February 9, 2025; 18:20 (Vindobona) Austria’s business landscape saw a challenging year in 2024, with a significant increase in corporate insolvencies driven by economic factors such as rising inflation, recession, and the end of pandemic-related support. While businesses struggled, a notable rise in new company formations offered a mixed picture. In…
(PDF) Firm age dynamics and causes of corporate bankruptcy: age dependent explanations for business failure ResearchGate Read the original article here
When I learnt this week the company 23andMe was facing bankruptcy and may sell its customers’ genetic data to the highest bidder, I had three thoughts: They have my brother’s genetic data Can he delete it? Why didn’t we see this coming? The rise and fall of 23andMe is a story for our age —…
Dave Broadbent, chair of R3 in Yorkshire There was a significant increase in the number of new start-ups as well as a sharp drop in insolvency-related activity across Yorkshire and the Humber and the UK in the first month of 2025, according to the latest research from the UK’s insolvency and restructuring trade body, R3.…
Insolvency-related activity decreases across Sussex and the South East SussexWorld Read the original article here
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to Market Research Intellect, the global Corporate Insolvency Service market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The market for corporate insolvency services is expanding…
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