Rise in Dorset business insolvency-related activity

Insolvency-related activity in Dorset and the South East rose by more than 23 per cent last month. The increase was reported by R3, the UK’s insolvency and restructuring trade body, which analysed data from Creditsafe. The data revealed a rise in insolvency-related activities from 172 in January to 212 in February. These figures include administrator…

Corporate insolvencies rise 3% in February 2025

Corporate insolvencies in the UK increased by 2.9% in February 2025 to a total of 2,035, up from 1,978 in January, according to the latest figures from the Insolvency Service. However, this represents a 7% decrease from February 2024, when 2,188 businesses entered insolvency. Compared to February 2023’s total of 1,964, insolvencies have risen by…

Rs 10 Lakh Crore Cleared with 28,818 Cases Resolved

The Insolvency and Bankruptcy Code (IBC) has played a pivotal role in resolving corporate distress, with as many as 40,943 applications filed under the law since its inception in 2016. Of these, a significant 28,818 applications amounting to a total claim of Rs 10 lakh crore were resolved even before formal admission, Union Minister…

What could they be like?

Canada’s oldest company could start its liquidation sales soon and go on for up to 12 weeks—but what sorts of deals could shoppers find? Lawyers for Hudson’s Bay appeared in court on Monday and outlined their plans, proposing a way for the retailer to remove some stores from the liquidation process should it find sufficient…