• Chancellor Rachel Reeves announced funding boost for the Insolvency Service 

• The government will invest £25 million over the next five years to enable the Insolvency Service to disqualify more rogue company directors

The Insolvency Service has welcomed news in the Budget that the agency will receive an extra £25 million over the next five years to help it tackle rogue directors. 

The funding announced by the Chancellor today will fund a new Abusive Phoenixism Taskforce which will be staffed by 50 people investigating suspicious company insolvencies.

The service’s Director of Investigation and Enforcement Services, Dave Magrath, said:  

This is welcome funding which will help the Insolvency…

MADISON, Wis., Nov. 26, 2025 /PRNewswire/ — Madison Liquidators proudly marks its 10th anniversary, celebrating a decade of helping businesses and homeowners create stylish, comfortable workspaces. Founded by Nick and Kelly Niesen, the company began as a small liquidation firm and has since grown into one of the largest online office furniture marketplaces in the United States. The company has remained committed to providing customers with expert tools, resources, and guidance on all things office furniture.

In the early years, the company centered on liquidation and resale, establishing a strong work ethic that continues to define the company’s core values today. In 2020, a pivotal transition…

The UK Supreme Court has reinstated a €67 million award to the Krys Global liquidators in Mitchell & another v Sheikh Mohamed Bin Issa Al Jaber & others, confirming that a director who acts after a company’s liquidation can assume fiduciary duties and be held accountable for misappropriation. The Court clarified that there is no set time from which equitable compensation must be measured, and the burden is on the fiduciary to prove any events reducing that loss.

1. Mitchell and another v Sheikh Mohamed Bin Issa Al Jaber and another

The UK Supreme Court handed down its judgment this afternoon in the above case, in which the Insolvency and Reorganisation…

Michael Saylor’s Strategy is attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in digital asset treasury (DAT) stocks.

Strategy, the world’s largest corporate Bitcoin BTCUSD holder, has rolled out a new credit rating dashboard based on the company’s preferred stock notional value, and claims to have another 70 years’ worth of dividend payment runway to service its debt, even if Bitcoin’s price remains flat.

“If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x,” said Strategy in a Tuesday X post.

The move comes as investors grow…

In 2014, a group of former debt collection executives founded Undue Medical Debt, an organization that works to “end medical debt and ensure a future where everyone can access healthcare without fear.” The nonprofit buys medical debt from collection agencies at a discounted price and uses donated money to pay it off. Every dollar donated helps to pay off about $100 in debt. To qualify for relief, a person must either earn at least four times below the federal poverty level or have medical debt that makes up five…

SINGAPORE – Car-sharing company Shariot is among nine related companies requesting its creditors to hold off on recovering debts while they explore restructuring options.

The nine companies – which also include large car leasing firm Autobahn Rent A Car – deal in car sales, repair, leasing and financing. They are said to be interlinked in terms of their financial, operational and fleet-related arrangements and have the same shareholders.

Speaking to The Straits Times on Nov 26, Mr Roy Tan, the majority shareholder of the companies, said the firms have about $180 million in debt, the bulk of which comes from Autobahn Rent A Car.

Autobahn Rent A Car has grown its fleet from 500 vehicles to 1,700 over the past few years after the…

Struggling businesses in Yorkshire and across the UK will be hoping for measures that boost economic activity in next week’s Budget, R3 said, as it responded to the publication of the latest corporate and personal insolvency statistics.

Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire, said: “Corporate insolvencies have increased by 2% in October 2025 compared to September and are also up by 17% on the same month last year. However, they are down by 11% compared to October 2023, which saw 30-year high annual numbers of insolvencies. The 8% increase in compulsory liquidations compared…

NEW YORK CITY, NY / ACCESS Newswire / November 26, 2025 / Financial institutions have long operated under a cloud of skepticism. Gallup reports that only 11% of adults trust financial institutions, a figure that goes beyond confidence-shattering events like the 2008 real estate crisis, reflecting decades of accumulated frustration with hidden fees, opaque terms, and unexpected charges. For many consumers, these practices erode confidence and even threaten their ability to safeguard long-term net worth. Within this environment of uncertainty, the debt relief sector faces particular challenges as individuals seeking help are often navigating some of the most difficult moments of their financial lives.

The consequences of this…

Governor JB Pritzker announced that the Illinois Medical Debt Relief Program has erased nearly $430 million in medical debt during its first year, benefitting 357,800 Illinoisans across all 102 counties. Illinoisans who have received relief saw, on average, over $1,100 in debt eliminated. 

“Too many working families are facing real financial uncertainty and higher healthcare costs at the hands of the Trump Administration. Illinois will keep stepping up to ensure the most vulnerable Illinoisans can focus on their health and their families—not on crushing medical debt,” said Governor JB Pritzker. “The Illinois Medical Debt Relief Program is a critical tool we created to expand healthcare access and affordability and…