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.
The Social Security Administration won't announce the 2026 cost-of-living adjustment (COLA) to benefits until next month, but experts are already making
Thousands of people were declared bankrupt or chose debt relief orders and individual voluntary arrangementsThousands of people have entered arrangements
The Social Security Administration won’t announce the 2026 cost-of-living adjustment (COLA) to benefits until next month, but experts are already making forecasts.
The Senior Citizens League (TSCL) estimates the COLA bump will be 2.7%. That’s up from the 2.5% increase retirees received in 2025, one of the lowest on record. But it’s still shy of the 2.9% increase in inflation recorded between August 2024 and August 2025.
“While a higher COLA would be welcome because their monthly benefits will increase, many will be disappointed,” TSCL executive director Shannon Benton said in a statement. “[Our] research shows that many seniors believe the COLA does not adequately capture the inflation they experience.”
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
Failed premium appliance company Kitchen Things’ Napier and Nelson stores will be permanently closed down this weekend.
Kitchen Things – aside from its independent Hamilton store – entered administration and receivership in August amid mounting losses due to weak consumer demand and competition.
Receivers Grant Thornton said all stock would be made available below cost.
Receiver Stephen Keen of Grant Thornton said the receivership sale continued for stores in Auckland, Christchurch, Tauranga and Wellington, with products at these locations being sold at cost.
“It’s unfortunate there has been a lack of interest in the Napier and Nelson stores, but we remain optimistic the other…
Scottish company insolvencies fell by 7% in August 2025 compared to the same month last year, with a total of 95 businesses collapsing.
The figure was comprised of 47 creditors’ voluntary liquidations (CVLs), 43 compulsory liquidations, and five administrations. The overall insolvency rate for the 12 months to August 2025 also saw a slight improvement, falling to 51 per 10,000 active companies.
Michelle Elliot, restructuring advisory partner at FRP in Glasgow, said: “While a fall in insolvencies is positive, operating conditions remain incredibly challenging.
Locate in Kent said it has helped companies including Kimberly-Clark, Mazda, and Amazon to invest in the county
An organisation which has been promoting Kent as a business destination and offering free relocation advice for more than 25 years is shutting down.
Locate in Kent, based in Chatham, said it had voluntarily appointed liquidators as the company was “no longer financially viable”.
It said it had helped attract investment from 1,130 companies – including Amazon, Pfizer, and BAE Systems – in the county and supported the creation of more than 70,000 jobs.
Locate in Kent chairman David Brooks Wilson said the decision “reflects a challenging set of environmental and financial circumstances”.
Thousands of people were declared bankrupt or chose debt relief orders and individual voluntary arrangements
Neil Shaw Assistant Editor
10:37, 19 Sep 2025
Thousands of people have entered arrangements after running out of money
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show. In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year. The insolvency total was made up of 4,239 debt relief orders…
Thousands of people were declared bankrupt or chose debt relief orders and individual voluntary arrangements
Thousands of people have entered arrangements after running out of money
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show. In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year. The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies, and 6,487…
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show.
In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.
The insolvency total was made up of 4,239 debt relief orders…
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show.
In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.
The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies, and 6,487 individual voluntary arrangements (IVAs).
The number of DROs taken out in August 2025 was a record high in the monthly records going back to their introduction in 2009, the…
