Students out of pocket as travel company enters liquidation

Global Vision International (GVI), based in Exeter, offered charitable travel programmes across the globe for 28 years, providing placements in conservation, education, and community development in countries such as Costa Rica and Fiji. The company announced its closure at the start of July, leaving customers unable to travel. Many of those affected are gap year…

Bankruptcy boom: Businesses going broke in Europe’s…

Germany’s corporate insolvency crisis is no longer a story about a few struggling sectors or poorly managed firms. It has become a broad-based economic phenomenon touching construction sites, factories, retailers, restaurants and service providers across the country. Fresh data from the Halle Institute for Economic Research (IWH) shows that nearly 5,000 companies filed for insolvency…

NCLAT Sets Aside NCLT Order Applying Corporate Insolvency Threshold To Personal Insolvency Plea

The National Company Law Appellate Tribunal (NCLAT) in Delhi has set aside an order of the National Company Law Tribunal (NCLT) that dismissed a personal insolvency application after applying the minimum default threshold applicable to corporate insolvency proceedings. The appellate tribunal has remanded the matter to the NCLT Chandigarh for fresh consideration. A bench of…

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UK haulage firm collapses in £1.1m liquidation after 35 years

Mor Cross Transport Services, a long‑established company in the UK, entered creditors’ voluntary liquidation in December. The company’s nature of business is given as freight transport by road, and the notice is categorised as a corporate insolvency appointment of liquidators. READ MORE: BTG administration report reveals debts at Potions Cauldron Statement of affairs published onto…

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