Scott Dylan is taking a look at the upcoming year for company insolvencies and what its going to look like for UK-based businesses. From creditors to landlords for in-debt companies, hes evaluating all aspects of the situation. The pandemic has changed a lot for businesses in the UK and all over the world. One of…
A hearing in the Insolvency and Companies Court on Tuesday (December 13) revealed that Mr Afriyie owed around 1 million to HMRC and around 700,000 to Barclays. Judge Nicholas Briggs said: There have been six hearings already of this matter so time really has run out. I shall make a bankruptcy order. It seems to…
The 55-year-old German six-time Grand Slam champion has served a prison sentence linked to his 2017 bankruptcy. Former tennis superstar Boris Becker has departed for Germany after his release from a British prison where he served a sentence relating to his 2017 bankruptcy, according to his lawyer. The 55-year-old German six-time Grand Slam champion was…
A combination of economic factors, the after-effects of the pandemic, and a widespread complacency from company directors have caused a significant spike in the number of UK insolvencies, market participants have said. Directors are leaving it far too late to take the steps needed to save jobs, said Claire Burden, head of advisory consulting at…
German tennis figure Boris Becker, three-time Wimbledon champion, has been released after nearly eight months in jail and will be deported by plane from the UK, local news agency PA reported on Thursday. Becker, 55, was released after serving just eight months of a two-and-a-half-year prison sentence imposed last April for concealing assets and loans…
Member Article Corporate insolvencies increased by 4.2% in November 2022 to a total of 2,029 compared to Octobers total of 1,948, and increased by 21.1% compared to November 2021s figure of 1,676, and by 34.8% compared to November 2019s total of 1,505. Personal insolvencies decreased by 0.6% to 10,465 in November 2022 compared to 10,528…
German tennis star Boris Becker has been freed from a British prison and will be deported from the country, PA Media reported on Thursday. Key points: His release comes more thanseven months after he was sentenced to two-and-a-half years in prison He was found guilty of hiding hundreds of thousands of pounds of assets after…
Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} When you apply for credit, such as a bank loan or credit card, the lender needs to make a decision about whether youll be able to repay the money you want to borrow. To do this they will look at your credit report,…
Senators across both major parties on Wednesday sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector. Lawmakers on the chamber’s banking committee differed significantly, however, on whether FTX exemplified wider industry dangers or merely a run-of-the-mill fraud that could occur at any business.…
LONDON, Dec 14 (Reuters) – England and Wales saw a 21% annual rise in the number of company insolvencies last month and the second-highest monthly total in figures going back to 2019, published a day after the Bank of England said businesses were coming under increased pressure. Some 2,029 registered companies in England and Wales…