All the updated news related to bankruptcy

All the news related to bankruptcy updated in real time

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Personal Finance

Thousands seek breathing space from debts as insolvencies rise

More than 75,000 registrations for breathing space from debts have been recorded since May last year, as the number of people going financially insolvent across England and Wales has increased annually. And with households facing a tough winter ...

02 Aug 2022 at 11:53

Personal Finance

61% annual increase in people taking out debt relief orders in February

The number of people taking out a debt relief order (DRO) in England and Wales last month was 61% higher than a year earlier, according to Insolvency Service figures. DROs are a formal type of personal insolvency aimed at people with lower ...

15 Mar 2022 at 15:25

Ex-tennis star and BBC pundit Boris Becker to give evidence aided by translator

Former Grand Slam tennis champion and sports commentator Boris Becker will be aided by a German translator when he stands trial later this month accused of failing to hand over trophies from his glittering career to settle debts, a court ...

11 Mar 2022 at 12:55

City

Bankruptcies in England and Wales slump to lowest levels since 1989

The number of people going bankrupt across England and Wales last year was the lowest since 1989, according to official figures. The decrease helped the overall number of personal insolvencies fall to a four-year low last year. Some 110,...

28 Jan 2022 at 11:55

City

Cineworld considering bankruptcy but ‘no significant impact’ on jobs

Bosses at Cineworld are considering whether to put the world’s second largest cinema chain into bankruptcy. They confirmed on Monday that they are looking at options for restructuring the business, which is struggling under heavy debts....

22 Aug 2022 at 10:19

Conservative MP made bankrupt due to £1.7m debt

A Conservative MP has been made bankrupt after a judge in a specialist court heard how he owed around £1.7 million. Judge Nicholas Briggs made a bankruptcy order against Adam Afriyie, who represents Windsor, at an online hearing in ...

13 Dec 2022 at 14:53

Bankrupt Conservative MP says he will keep doing his best for constituents

A Conservative MP made bankrupt after a judge in a specialist court heard he owed about £1.7 million says he will keep doing his best for his constituents. Judge Nicholas Briggs made a bankruptcy order against Adam Afriyie, who ...

13 Dec 2022 at 15:47

Boris Becker’s daughter ‘in shock’ over his jail sentence

Boris Becker’s daughter has said she is in “shock” about her father’s prison sentence and fears it will be hard on his young son. Anna Ermakova said she had written to the judge who jailed her tennis champion father for ...

01 May 2022 at 13:55

Scotland

‘Covid hangover’ for Scottish firms as corporate insolvencies rise

Scotland’s businesses are still suffering from a “Covid hangover” with new figures showing the number of firms becoming insolvent has reached an 11-year high. Corporate insolvences rose to 1,132 in 2022-23, with this ...

26 Apr 2023 at 12:55

City

Cineworld to file for administration as part of financial restructuring

Troubled cinema chain Cineworld has said it will file for administration in the UK as part of a restructuring plan that is set to wipe out shareholders. The world’s second-largest cinema chain said it will apply for ...

26 Jun 2023 at 11:21

Nearly a third of councils in poor areas considering bankruptcy

At least 30% of councils in some of the poorest areas of the country are considering declaring effective bankruptcy this year or next, it has emerged. A survey of 47 local authorities in the North, the Midlands and ...

28 Aug 2023 at 00:01

Benjamin Mendy selling £5m house and chasing back pay, bankruptcy court told

Ex-Manchester City defender Benjamin Mendy is chasing millions of pounds of back pay from his former club and is selling his house in a bid to avoid bankruptcy, the High Court has heard. HM Revenue and Customs ...

09 Aug 2023 at 13:54

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