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.
Businesses across the UK are battling unprecedented challenges in 2025. Economic uncertainty, soaring material costs, rising energy bills, and increased
Keeley Lord joins the North West business as an insolvency practitioner after 16 years at Begbies Traynor.
She qualified as a chartered certified accountant in 2014 and is a fellow of the ACCA.
With expertise in corporate insolvency, restructuring, and turnaround strategies.
Craig Johns, partner at Cowgills, said: “We are delighted to welcome Keeley to the team.
“She brings a wealth of experience, a proven track record, and a broad range of specialisms that will allow us to support even more businesses across the North West and beyond.”
Ms Lord’s appointment comes after a series of promotions and recruitment in the business recovery team earlier this year.
She said: “Cowgills has an outstanding reputation in…
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) allowed a 45 days extension to complete the Corporate Insolvency Resolution Process (CIRP). The extension was to receive the final plans and complete the voting therein.
.ASREC (India) Ltd, the appellant challenged the order dated 30.06.2025, by which application was filed by the RP for extension of 90 days time beyond 18.04.2025 was rejected. In paragraph 39 of the judgment, adjudicating authority has given reasons for rejecting the extension of 90 days as prayed for.
Counsel for the appellant challenging the order submitted that in the Corporate Insolvency Resolution Process (CIRP), 6 resolution plans have already been received and he…
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A Royal Caribbean guest is facing serious legal consequences after deliberately leaping overboard from Rhapsody of the Seas in San Juan, Puerto Rico, in an attempt to escape paying a casino debt of more than $16,000.
Image credit: Handout
The incident occurred on 7th September 2025 as the Vision-class ship was completing a 7-night Southern Caribbean sailing.
At around 9:15 am, while passengers were disembarking at Pier 4, Jey González-Díaz jumped into the water.
Surveillance footage later showed him being picked up by a jet ski and dropped back at shore, but authorities were quickly alerted.
Cash, Multiple IDs and a Fake Identity
Customs and Border Protection officers notified Homeland Security Investigations,…
Robert Kurzawa was disqualified as a director after his RK UK Construction Ltd company failed to pay more than £195,000 in tax
However, Kurzawa disregarded the director ban and continued to manage a second company, RK UK Joinery Ltd, when he was not allowed to
RK UK Joinery Ltd went into liquidation with liabilities of more than £159,000, which included £108,000 to HM Revenue and Customs (HMRC) and more than £50,000 to other tradespeople
A Bedfordshire joiner whose two companies failed to pay more than £300,000 in tax has been sentenced after ignoring a director disqualification.
Robert Kurzawa was banned as a director for three years in 2017 after his RK UK Construction Ltd company went…
The daring passenger enjoyed a week-long holiday onboard the Rhapsody of the Seas cruise liner, where he racked up more than £12,000 in debt in the Royal Caribbean cruise ship’s casino
Jey Gonzalez-Diaz being brought to shore after he jumped off the Rhapsody of the Seas
A Royal Caribbean passenger has been accused of jumping off the cruise ship in an attempt to avoid paying off more than £12,000 in gambling debts.
Jey Gonzalez-Diaz set sail on the Rhapsody of the Seas for a week-long holiday, with the ship completing its voyage Sunday when it pulled into the Port of San Juan.
And it was while the ship was returning to port that Gonzalez-Diaz threw himself into the water as the cruise was disembarking, shortly after 9am local time, a…
About 1m households are behind on their gas and electricity bills with no repayment plan amid a rise in energy debt over the past decade, according to a new report.
The Resolution Foundation thinktank found that the number of customers in energy debt has increased and the size of their debts has risen. It found that between 2012 and 2024 the average gas and electricity debts more than doubled to £1,400 and £1,600, respectively, from an average of approximately £500.
The number of customers behind on their electricity bills, with no repayment plan, has more than tripled from 300,000 in 2012 to more than 1m at the end of last year, the report found. The number of customers who are behind on their gas bills also tripled from 300,000 to…
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Businesses across the UK are battling unprecedented challenges in 2025. Economic uncertainty, soaring material costs, rising energy bills, and increased taxes are pushing companies to breaking point.
The hospitality and retail sectors, already stretched thin from post-pandemic recovery, are bearing the brunt of this financial squeeze as consumer spending tightens.
Now, a comprehensive new study has identified exactly which UK regions are being hit hardest by business insolvencies, revealing stark geographical differences in how companies are weathering the economic storm.
Helix Law, a specialist litigation firm known for handling complex commercial disputes, conducted the analysis to understand where business failures are…
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Inside Royal Ha Long Casino in Quang Ninh Province, northern Vietnam. Photo: Royal International Corporation
Phu Quoc Corona Resort & Casino deep in debt
Phu Quoc Tourism Development and Investment JSC, which runs the Corona Resort & Casino on Phu Quoc Island in southern An Giang Province, recorded a loss of VND564 billion (US$21 million) in the first half of 2025, compared to a VND332-billion ($13 million) loss in the same period last year.
As of June 2025, the company’s cumulative losses had reached VND5.5 trillion ($208 million).
Its equity dropped nearly VND960 billion ($36 million) over the year, falling to VND1.99 trillion ($76 million).
While total liabilities decreased slightly to VND40.7 trillion ($1.5…
