The Insolvency Service Published 28 July 2023 Contents 1. Main messages for England and Wales 2. Things you need to know about this release 3. Company insolvency in England and Wales 4. Company insolvency in Scotland 5. Company insolvency in Northern Ireland 6. Data and Methodology 7. Glossary Print this page Crown copyright 2023 This…
DetailsThe number of firms collapsing into insolvency rose to the highest level since 2009 in England and Wales over the past quarter, fresh Government figures show. Some 6,342 company insolvencies were recorded over the three months to June, an increase of 13 per cent against the same period last year, according to the Insolvency Service. …
DetailsThe new Duty to Consumer rules introduced by the Financial Conduct Authority (FCA) aim to set clear standards for the protection of financial consumers. Banks, building societies, investment and insurance companies, as well as many other types of businesses are required to put the needs of their customers first. The timing couldnt be better. Amid…
DetailsThe Insolvency Service said the total was predominantly creditors voluntary liquidations, where owners choose to dissolve their businesses (PA) (PA Archive) Insolvencies in England and Wales soared further in the second quarter of the year, reaching the highest level since 2009. In total, 6,342 companies were declared insolvent. That was up 9% from Q1, which…
DetailsGetting a small business debt consolidation loan can streamline your monthly payments and potentially improve your cash flow if your small business has several debts. In this article, youll learn about how to get a small business debt consolidation loan and the pros and cons of debt consolidation. Well also show you other debt-relief options…
DetailsKey takeaways If you are overwhelmed by debt and can’t handle it on your own, you could approach a professional debt management company for help A nonprofit debt management company can, for a fee, help you consolidate your debt and negotiate a lower monthly payment, or lower interest rates, among other approaches There could be…
DetailsBUSINESS RESTRUCTURING REVIEWVOL. 22 NO. 4 JULYAUGUST 20231IN THIS ISSUE1 Second Circuit Green Lights Purdue Pharma Chapter 11 Plan Containing Nonconsensual Third-Party Releases2 Lawyer Spotlight: Tom Wearsch6 Illinois Bankruptcy Court: Whether Dispute Is Core or Non-Core Not Bright Line in Determining Enforceability of Arbitration Clause9 California Bankruptcy Court Examines Chapter 15 Discovery Rules12 U.S. Supreme Court Bankruptcy…
DetailsThe board of Fino Payments Bank has approved the transition into a Small Finance Bank (SFB) subject to necessary approvals. We intend to supplement payments bank business with lending to known customers through enhancement of license. Our opportunity to grow by transiting to SFB is significant on the back of optimal leveraging of our widespread network…
DetailsThe number of firms falling into insolvency in England and Wales surged to the highest level for 14 years in the past quarter, according to Government figures. Insolvency Service data revealed that there were 6,342 company insolvencies over the three months to June 2023. It was a 13% increase against the same period last year…
DetailsThe Insolvency Service said the total was predominantly creditors voluntary liquidations, where owners choose to dissolve their businesses (PA) (PA Archive) Insolvencies in England and Wales soared further in the second quarter of the year, reaching the highest level since 2009. In total, 6,342 companies were declared insolvent. That was up 9% from Q1, which…
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