Germany’s corporate insolvencies rose 11.7% year-on-year in the January–September period, reaching their highest level in 11 years, according to preliminary data from the federal statistical office Destatis on Friday.

A total of 18,125 corporate insolvencies were recorded in the nine-month period, with the transportation and storage, construction, and hospitality sectors most affected, News.Az reports, citing foreign media. 

“The courts estimated the claims of creditors from corporate insolvencies reported from the first to third quarter of 2025 at approximately €40.1 billion. In the same period in 2024, claims amounted to around €45.6 billion,” Destatis said.

The decline in…

The first liquidator’s report on a commercial entity linked to Destiny Church shows it owes a combined $2,681,147.72 to creditors including Inland Revenue and a plumbing centre. 

The sole shareholder of Te Hahi O Nga Matamua Holdings Limited is Destiny Church NZ Trust and its sole director is Jennifer Marshall, assistant to controversial church leader Brian Tamaki.

IRD’s application to have the company liquidated was heard and approved at the High Court at Auckland on November 7, with the official assignee appointed as liquidator. 

Marshall tells Newsroom she hasn’t yet seen the report but that the amount “doesn’t sound right”. 

“That entity hasn’t been operating for quite some time, so it doesn’t have…

The French industrial sector has just suffered another shock. The fate of the country’s last manufacturer of large home appliances, which had been owned by Algerian conglomerate Cevital since 2014, of its flagship brands Brandt, Vedette, Sauter and De Dietrich, and of nearly 750 employees had been hanging in the balance of a decision by a commercial court. Since Brandt was placed in receivership on October 1, the prospect of a final shutdown and liquidation had been feared.

The court ultimately decided on Thursday, December 11, to order the judicial liquidation of the company,…

Companies Office records show a new liquidator, Steven Khov of Auckland-based Khov Jones Limited, was appointed on December 3.

The Rotorua health and wellness centre, formerly known as Queen Elizabeth Hospital, was put into liquidation on November 20.

According to the first report by the original liquidator, Tom Rodewald of Rodewald Consulting, QE Health Ltd owed at least $13 million to 132 known creditors.

The November 27 report said there were 11 potential buyers for the business.

It said secured creditors were owed an estimated $10.9m, which included $8.04m to Crown Regional Holdings Ltd and $2.5m to the Rotorua Trust.

The two entities were among the funders that enabled the business to relocate from its original Whakaue St site to a $19m…

Designs in Mind has appointed Begbies Traynor as liquidator to carry out a controlled wind-down of the company.

The art and design group, where adults living with mental health challenges work together on experimental art and design projects, had moved online after closing its shop in Cross Street in March.

On Friday (December 12), it was confirmed licensed insolvency practitioners Nick West, Partner for Shropshire and Mid-Wales, and Craig Povey, Managing Partner for Birmingham, from Begbies Traynor had been appointed as joint liquidators on Wednesday (December 10).

The joint liquidators will manage a controlled wind-down of the Community Interest Company and its affairs as part of a Creditors Voluntary Liquidation…

Administrators for failed Australian salad farm company Dicky Bill have revealed its business debts to hundreds of staff and suppliers could exceed $10 million. 

Dicky Bill went into voluntary administration late last month, leaving 180 workers scrambling to find new jobs in the lead up to Christmas.

Dicky Bill operated two farms at Maffra, Victoria and Drinan, west of Bundaberg in Queensland, growing leafy salad vegetables and herbs year-round

The report by Cor Cordis shows suppliers are owed $6.5 million, while another $1 million is owed to 165 staff, but those figures could grow.

Debts could exceed $10 million

Restructuring firm Cor Cordis was appointed…

Even as America’s affordability crisis scales new heights, there was recently a rare ray of hope for millions of student borrowers who finally received debt relief thanks to a landmark legal settlement with the AFT. Rather than continuing to fight us in court, the Trump administration stopped illegally blocking millions of Americans from accessing student debt relief programs. It agreed to provide extensive relief that borrowers are entitled to under law, including canceling student debt for all eligible borrowers enrolled in income-based repayment plans.

Now, we are trying to get the news out as broadly and urgently as possible.

For months, the Trump administration made things difficult, if not impossible, for student loan…

Evoke, the heavily indebted gambling group that owns William Hill in the UK as well as the 888 brand, has put itself up for sale as it grapples with rising costs and regulatory pressure.

The company said it is undertaking a review of its strategic options, which includes the possibility of selling the business. Investment banks Morgan Stanley and Rothschild have been appointed as joint financial advisers to oversee the process, although Evoke cautioned that there is no certainty any transaction will result or what form a deal might take.

The move comes just weeks after Evoke warned it would close around one in ten of its betting shops next year as part of efforts to stabilise its finances. The group has struggled to…