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.
Canadians are heading into the new year with tighter budgets as grocery prices rise and more people look for help managing their bills.
The Credit Counselling Society (CCS) said the financial strain is showing up earlier than usual, with more households reaching out before holiday statements arrive.
Canada’s Consumer Price Index rose 2.2 per cent in November compared with a year earlier, but grocery prices increased at more than double that pace.
Grocery costs were up 4.7 per cent, the largest jump since December 2023, according to CCS.
CCS said the pressure is already leading more people to seek guidance. The non‑profit reports an 11‑per‑cent increase in counselling requests in November 2025 compared with the same month last…
Last month, international cannabis operator Cannim collapsed, calling in administrators to sift through the company’s remaining assets and attempt to find tens of millions of dollars to satisfy its increasingly frustrated creditors.
As details continue to emerge regarding Cannim’s questionable handling of finances in the run-up to its collapse, legal challenges claiming ownership of whatever remains of the company are escalating fast.
Jade Proudman, the founder and former CEO of Savage Cabbage, acquired by Cannim in 2023, has now been awarded more than £137,000 after an employment tribunal ruled that she was dismissed in breach of contract without notice.
However, Proudman told Business of Cannabis that attempts to…
The future of Höfner, one of guitar and bass’s oldest brands, famous for Paul McCartney’s 500/1 bass guitar, is under threat after it filed for bankruptcy protection.
The Furth Local Court, in Bavaria, announced the provisional insolvency on 10 December, appointing a provisional administrator, Dr Hubert Ampfer, to secure the company’s assets.
These proceedings do not affect day-to-day trading. Höfner is still in business, and continues to make and sell instruments, employ its staff and purchase materials and services from its suppliers.
But it is not a good sign, pointing to financial distress, and the need for legal procedures to safeguard its creditors’ assets.
Although Regional Jet, which operated under the Xfly brand, went bankrupt in February, it still has dozens of employees and a valid maintenance certificate.
In November last year, Nordic Aviation Group and its subsidiary Regional Jet filed for bankruptcy. The court declared Nordica bankrupt in January, followed by the bankruptcy ruling for Regional Jet, which operated under the Xfly brand, in February.
While one might assume a bankrupt company would cease operations entirely, business registry records show this is not the case for Regional Jet. Despite tax arrears of more than €244,000, the company posted €92,514 in revenue and employed 21 people in the third quarter of this year.
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic.
PPE Medpro, a consortium led by Lady Mone’s husband, businessman Doug Barrowman, had been ordered to pay the sum after losing a High Court battle against the Department for Health and Social Care (DHSC) in October.
But it filed for administration on September 30, the day before the ruling, with the money still unpaid.
At a hearing at the Insolvency and Companies Court on Thursday, barristers for the three joint administrators asked for PPE Medpro to be kept in…
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic.
PPE Medpro, a consortium led by Lady Mone’s husband, businessman Doug Barrowman, had been ordered to pay the sum after losing a High Court battle against the Department for Health and Social Care (DHSC) in October.
But it filed for administration on September 30, the day before the ruling, with the money still unpaid.
At a hearing at the Insolvency and Companies Court on Thursday, barristers for the three joint administrators asked for PPE Medpro to be kept in…
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
The decision could mean that the Government is unlikely to see most of the £148 million owed to it by the company.
PPE Medpro, the company linked to Baroness Michelle Mone, has been wound up at a specialist companies court.
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic.
PPE Medpro, a consortium led by Lady Mone’s husband, businessman Doug Barrowman, had been ordered to pay the sum after losing a High Court battle against the Department for Health and Social Care (DHSC) in October.
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic.
PPE Medpro, a consortium led by Lady Mone’s husband, businessman Doug Barrowman, had been ordered to pay the sum after losing a High Court battle against the Department for Health and Social Care (DHSC) in October.
But it filed for administration on September 30, the day before the ruling, with the money still unpaid.
At a hearing at the Insolvency and Companies Court on Thursday, barristers for the three joint administrators asked for PPE Medpro to be kept in…
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic.
PPE Medpro, a consortium led by Lady Mone’s husband, businessman Doug Barrowman, had been ordered to pay the sum after losing a High Court battle against the Department for Health and Social Care (DHSC) in October.
But it filed for administration on September 30, the day before the ruling, with the money still unpaid.
At a hearing at the Insolvency and Companies Court on Thursday, barristers for the three joint administrators asked for PPE Medpro to be kept in…
To use this website, cookies must be enabled in your browser. 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
