Corporate and personal insolvencies fall, latest figures reveal – Accountancy Age

COMPANY insolvencies in 2015 were at their lowest level since 1989, the latest Insolvency Service figures published today, reveal. The downward trend was primarily driven by a decrease in compulsory liquidations, which fell to the lowest annual total since 1981. Further reading Personal insolvencies followed a similar trajectory, with the total individual insolvencies recording their…

Treasury starts drawing on collateral towards payment of KVV Liepajas Metalurgs debt – The Baltic Course

As KVV Liepajas Metalurgs metallurgical company had missed a payment of EUR 2.7 million that was due to the Latvian state in late 2015, the Treasury has started drawing on the collateral, LNT commercial television reported on Thursday (January 28th) evening, informs LETA. The steel plant tried to negotiate an extension of the payment deadline…