Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Access Denied You don't have permission to access "http://www.telegraph.co.uk/business/2025/02/18/insolvencies-surge-bosses-give-up-reeves-tax-raid/" on this server. Reference #18.14052017.1739893849.15b9c23e https://errors.edgesuite.net/18.14052017.1739893849.15b9c23e Read the original article here
Access Denied You don't have permission to access "http://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/1/us-corporate-bankruptcies-soar-to-14-year-high-in-2024-61-filings-in-december-87008718" on this server. Reference #18.52052017.1739892298.feef38f https://errors.edgesuite.net/18.52052017.1739892298.feef38f Read the original article here
The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt
Former US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.
Andrew Caballero-Reynolds | AFP | Getty Images
A U.S. appeals court on Tuesday blocked the Biden administration’s student loan relief plan known as SAVE, a move that will likely lead to higher monthly payments for millions of borrowers.
The 8th U.S. Circuit Court of Appeals sided with the seven Republican-led states that filed a lawsuit against the U.S. Department of Education’s plan. The states had argued that former President Joe Biden lacked the authority to establish the student loan relief plan.
The GOP states argued that Biden, with SAVE, was essentially trying to find a roundabout way to forgive…
The Hague-based Supersola, a cleantech startup that provides plug-and-play solar panels, now has a new owner. The announcement comes four months after the Dutch company was declared bankrupt by the court in The Hague in 2024.
Founded by Julius Smith, Supersola offers a self-developed and produced solar panel that is immediately ready for use. Known for its ease of use, the company saw significant growth in 2023, generating €1.6M in revenue.
However, the solar market struggled in 2024 due to uncertainty over the future of feed-in tariffs and net metering, according to the report.
Also, Supersola’s panels, which produce 350 watts, fell under a European exception. Despite the product’s uniqueness, sales dwindled to only a…
UK company insolvencies have reached a concerning 16-year high, largely attributed to the impending tax changes introduced by Rachel Reeves. According to official figures reported by Finance Yahoo, the number of corporate insolvencies surged by 10.7% year-on-year, reaching 1,971 in January, marking the highest January total since the 2009 economic downturn.
The recent data indicates that close to 500 companies went bankrupt each week last month. This sharp increase, a 6.5% rise from December, is concerning, as it suggests a trend that may continue throughout the year. Analysis from IndexBox further supports this trend, revealing that industries across the UK are under immense pressure…
(Reuters) – A U.S. appeals court on Tuesday ruled that Democratic former President Joe Biden’s administration lacked authority to pursue a student debt relief plan designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.
The 8th U.S. Circuit Court of Appeals sided with seven Republican-led states that sued to block the U.S. Education Department’s rule, which they say would cost taxpayers hundreds of billions of dollars. President Donald Trump’s administration was expected to roll it back had the court not enjoined it.
You don’t have permission to access “http://www.telegraph.co.uk/business/2025/02/18/insolvencies-surge-bosses-give-up-reeves-tax-raid/” on this server.
With the Supreme Court setting aside AGI Greenpac’s resolution plan for Hindustan National Glass (HNG) last month, the other bidder, INSCO (Independent Sugar Corporation), a Madhvani Group company based in Africa has written to the Committee of Creditors of the bankrupt firm to fast track their bid in the Insolvency Resolution Process.
In it’s letter dated January 30, 2025et to the CoC, INSCO has reaffirmed its commitment to ensuring a fast and smooth Corporate Insolvency Resolution Process (CIRP) in the interest of all stakeholders. The company has requested an immediate response from the CoC to initiate dialogue and implement the Supreme Court’s decision.
Last month, the Supreme Court quashed AGI Greenpac’s resolution plan due…
You don’t have permission to access “http://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/1/us-corporate-bankruptcies-soar-to-14-year-high-in-2024-61-filings-in-december-87008718” on this server.
The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt restructuring under the IBC
The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately balances the interests of creditors and debtors.
The National Company Law Tribunal (NCLT) serves as the primary adjudicating authority for corporate insolvency cases, while the National Company Law Appellate Tribunal (NCLAT) hears appeals against NCLT orders, playing a crucial role in refining insolvency jurisprudence.
John says he would visit the betting shop near Sandhurst multiple times a day
A gambling addict has claimed he was allowed to spend £100,000 at a bookmakers before staff intervened.
John said he visited the College Town branch of Coral in Berkshire up to three times a day for a year – and had even told staff he had blocked himself from gambling online.
But despite rules that state shops must step in if they think a gambler is at risk, the 40-year-old said he was allowed to keep betting.
Coral was approached for comment.
“I don’t feel I have to wake up every morning and spend my money. But when I do gamble, I gamble heavily.”
Since moving into the area in December 2022, John said he had spent…
Total insolvencies rise in England and Wales, and Northern Ireland, while Scotland sees a modest dip.
Total insolvencies rise in England and Wales, and Northern Ireland, while Scotland sees a modest dip.
The latest statistics from the Insolvency Service reveal a rise in company insolvencies across the United Kingdom, with January 2025 witnessing a notable increase compared with both the previous month and the corresponding period in 2024.
ENGLAND AND WALES
In England and Wales, the number of company insolvencies in January 2025 reached…
