Insolvency Guardian Media Centre
Syntace files for insolvency but restructuring talks look promising Bike Europe
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New World says no debt management projects ongoing The Standard (HK)
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Corporate insolvencies are set to rise worldwide by 5% next year, which would be the fifth consecutive increase, according to a forecast by international insurance company Allianz Trade.
In Germany, insolvency activity is expected to remain at 24,500 cases, representing a slight increase of 1%, making it the highest level in more than a decade, the company, a subsidiary of the major insurer Allianz, predicted in a statement published on Tuesday.
“In 2026, the number of cases will be at its highest level in 12 years,” a statement from Allianz Trade, which is based in Paris and Hamburg, read.
The consequences of trade conflicts could soon test the…
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It’s been almost 18 months since the first signs of trouble at Regional Express began to appear. The airline, which emerged in 2002 out of the collapse of Ansett, had defied expectations and flourished even as other competitors to Qantas and Virgin Australia fell by the wayside.
It was the quiet exit of a director appointed by the company’s biggest backer, private equity giant PAG Asia Capital, that suggested there were problems. That was April last year. Things deteriorated quickly. By July, the airline better known as Rex was facing a full-blown board crisis…
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Templemore based company goes into liquidation Tipp FM
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Figures released today from Citizens Advice show that 4 million households in England and Wales are in a negative budget, where their incomes are too low to cover the bare essentials each month.
If you are struggling, fill out MoneyHelper’s budget planner, external.
The budget planner adds up all your income and outgoings, and then shows you what’s left over. It breaks down where you’re spending your money, giving you an idea of where you might be able to make savings and cut costs.
If you’re falling short, get help right away from the main debt advice organisations like StepChange, external and National Debtline, external.
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The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted a plea by Lepton Software Export and Research Pvt. Ltd to initiate insolvency proceedings against BluSmart Mobility Tech Pvt. Ltd., a subsidiary of Blu-Smart Mobility Limited (parent company) which is already undergoing the Corporate Insolvency Resolution Process (CIRP) [Lepton Software Export Vs Blu Smart Mobility Tech].
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Regional Express Airlines has found a buyer after the company went into voluntary administration last July.
In a statement on Tuesday evening, administrators confirmed they had entered into a sale and implementation deed with Air T, a US-based air services company.
The process will result in the sale and recapitalisation of business operations, with an update on proceedings to be provided ahead of a second meeting with creditors.
“The Administrators would like to thank the Australian Government for their support to date in assisting to facilitate the proposed transaction,” a statement read.
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Portsmouth’s last remaining Pizza Hut restaurant set to close portsmouth.co.uk
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‘Stable stress’ across the North East as insolvency figures decrease but remain high Insider Media Ltd
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Continuing high levels of corporate insolvencies in England and Wales indicate a sense of ‘stable stress’ across the local economy, with latest figures highlighting only a marginal decrease in numbers.
This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of new statistics published by the Insolvency Service which show that corporate insolvencies decreased by 2% in September to a total of 2,000 compared to the previous month. There was also a marginal fall in August of 1.7% against July’s total of 2,083.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “We may be seeing some small decreases in…
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Under the agreement filed on Friday, the Department of Education will begin cancelling loans for borrowers enrolled in income-driven repayment (IDR) plans who have met the required number of qualifying payments.
Why the Trump administration changed course
The settlement marks a reversal from earlier this year when the Trump administration temporarily paused forgiveness under certain income-based repayment programs. These…