The US economy has been hit by a fresh wave of bankruptcy filings, which has surged to their highest level since 2020 Covid-19 pandemic, when similar situations were seen across the country. A report in Business Insider mentioned that several popular brands of 1990s and 2000s brands were among the companies that have filed for…
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1. Data sources and data validation Individual-level company insolvency data for England and Wales, Scotland and Northern Ireland were sourced from Companies House (except for compulsory liquidation data for England and Wales and Northern Ireland, see below). Companies House conducts a series of basic checks on the data, including the removal of duplicate records, prior…
AA Agama Law Associates More ALA is a boutique commercial law practice offering end-to-end corporate-commercial legal solutions to Indian and foreign businesses. We offer a wide range of services tailored across sectors for private clients, startups and mature businesses. We have a cost-effective technology based model supported…
UK production company cancels several huge events due to liquidation Burnley Express Read the original article here
Equity has been supporting members with issues of non-payment in the run up to and aftermath of Lucy Harrison Casting going into liquidation, securing payment for the majority of members who got in touch before the company’s liquidation. Lucy Harrison Casting (LHC) is a large agency representing models and actors, booking jobs on a range…
The Insolvency and Bankruptcy Board of India (IBBI) has invited comments from the public on proposed changes to the corporate insolvency resolution process (CIRP) aimed at improving and ensuring the integrity of amendments. The proposed changes are recording the deliberations of the committee of creditors (CoC) on the elgibility of the resolution applicant, enhancing disclosures…
Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed. Image: Shutterstock India’s Insolvency and Bankruptcy Code (IBC) was designed…
Melbourne kitchen maker folds amid $2m debt pile Herald Sun Read the original article here
The National Company Tribunal Chandigarh, bench of Justice Harnam Singh Thakur and Shri Kaushalendra Kumar Singh, have held that a mere bald denial that invoices forming the basis of the claim were not received cannot prevail over specific, dated communications and signed acknowledgements originating from within the operational creditors’ finance department. The operational creditor Pierian…