Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 2.9% in March 2025 to a total of 1,992 when compared to February 2025’s total. Business insolvencies increased by 9.1% when compared to March 2024’s figure of 1,826 than the same month in the…
Liberty Steel’s Liège-based operations in Belgium have been declared bankrupt by a local court after being shut down for two years, leaving 520-550 workers unpaid for months. A provisional administrator was appointed for the Liberty Galati subsidiary in late March. The company’s prior attempt at a silent bankruptcy, aimed for a debt-free acquisition, failed…
Contingency Planning, Bankruptcy, Insolvency Services EY Read the original article here
Issue in Aussie surf brand collapse The Australian Read the original article here
Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…
Cyclone Trump is unsettling the world’s economic weather. Recession clouds are darkening. Insolvencies have already increased by 25 per cent since the pandemic. Australian companies will increasingly be buffeted and restructuring laws will be needed more often. Right now, those laws too often favour putting viable businesses under. It’s time to adjust them so that…
JSW Steel Coated Products Limited (JSWSCPL), a wholly-owned subsidiary of JSW Steel, has received a letter of intent from the resolution professional of Colour Roof (India) Limited, indicating its successful bid in the corporate insolvency resolution process (CIRP). The committee of creditors approved JSWSCPL’s resolution plan, declaring the company the successful resolution applicant. The completion…
A businessman accused of being the “architect” of the demise of Fortress Capital Partners, an alleged Ponzi scheme, has been linked to an insolvency proposal to take control of the business. Fortress, whose investors included celebrities and members of a south London church, promoted returns of up to 18 per cent a year before collapsing…
A Total Of 5,272 Youths Declared Bankrupt Since 2020 bernama Read the original article here
Belgium-based steelmaker Liberty Liège, a subsidiary of Romania-based Liberty Galati, has officially been declared bankrupt by the Liège Business Court due to the inability to raise the necessary funds to maintain its assets during the silent bankruptcy proceedings, according to local media reports. In the coming days, 520-550 employees, who had not been paid for…