The High Court has dismissed an appeal against the inclusion in an insolvency arrangement of 77,000 in legal fees awarded against a couple whose Rottweiler dogs attacked and severely injured a woman. he appeal on the issue of the inclusion of costs in Mary and Michael Dalys personal insolvency arrangement (PIA) came before Mr Justice…
Senate President Page Cortez has voiced support for bills to create a fund to encourage home insurance companies to return to the state. (Francis Dinh/LSU Manship School News Service) BATON ROUGE The House on Wednesday approved bills to spend up to $45 million toencourage insurance companies to return to the state and to prevent firms…
LONDON In the last few hours, Norwegian carrier Flyr has declared itself bankrupt after over 1.5 years in service, the company states in a press release. In a press release issued on Tuesday evening, Flyr official Erik Braathen stated; Its a sad day. We tried. We gave everything we had of energy, knowledge, and experience,…
Rockville, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global corporate insolvency services market is estimated atUS$ 12.1 billionin 2022, with a projected market valuation ofUS$ 20.5 billionfor 2032. Market growth is primarily driven by the rising incidence of corporate bankruptcy and growing enterprises’ inability to pay creditors. Due to the COVID pandemic, many small and…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in…
The number of companies going bust in the UK has reached its highest level since the financial crisis in 2009 as soaring inflation costs, rising interest rates and the stalling economy have hit businesses, new data show. Christina Fitzgerald, president of R3, the insolvency and restructuring trade body, warned that 2022 was the year the…
The number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to 22,109 from the previous year, new data from the Insolvency Service revealed. Experts said the rise was partly driven by the end…
More than five restaurant businesses a day went bust across England, Wales and Scotland in the last year as insolvencies reached their highest level in more than a decade. Data from accountancy firm Price Bailey showed a 65% increase in restaurant insolvencies, with 1,880 businesses declared insolvent in 2022, compared to 1,139 the previous year.…
T he number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to 22,109 from the previous year, new data from the Insolvency Service revealed. Experts said the rise was partly driven by the…
Business insolvencies jumped 30% to a 13-year high in 2022 as government support programmes that offered companies protection from their creditors during the pandemic came to an end. Soaring costs and weakening consumer demand in the second half of last year also combined to force many firms into liquidation, said analysts who predicted the situation…