All the updated news related to bankruptcy

All the news related to bankruptcy updated in real time

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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 amounts ...

15 Mar 2022 at 15:25

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. This ...

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 the ...

13 Dec 2022 at 14:53

Scotland

Views sought on changes to Scottish bankruptcy law

People who have experienced bankruptcy or similar financial difficulties are being urged to have their say on a new piece of legislation at Holyrood. The Bankruptcy and Diligence Bill will, among other changes, create a “mental health ...

30 May 2023 at 00:01

Katie Price ordered to attend next court hearing with ‘no ifs or buts’ by judge

Katie Price must attend a further hearing in relation to her bankruptcies later in August with “no ifs or buts”, a judge has said. The former glamour model appeared remotely at a hearing in a specialist bankruptcy court at the Rolls ...

09 Aug 2024 at 18:02

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

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 up by ...

26 Apr 2023 at 12:55

Scotland

Council body warns one in four authorities fear not being able to balance budget

Almost a quarter of councils fear they will not be able to balance their budgets next year, a new survey has revealed, with ministers being warned it is now “only a matter of time” before a council in Scotland effectively ...

13 Dec 2023 at 00:01

City

WeWork files for bankruptcy in the US

Office sharing company WeWork has filed for Chapter 11 bankruptcy protection in the US after struggling with a huge debt pile and mammoth losses. The US-listed firm said in a statement overnight that it had entered into ...

07 Nov 2023 at 11:51

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 ...

01 May 2022 at 13:55

City

Richard Branson’s Virgin Orbit files for bankruptcy

Sir Richard Branson’s satellite launch company Virgin Orbit has filed for bankruptcy protection in the US after failing to secure rescue funding. It comes after a Virgin Orbit rocket failed to complete the first ...

04 Apr 2023 at 12:05

City

WeWork shares plunge on reported plans to file for bankruptcy

WeWork has seen shares plunge in after-hours trading following reports that the troubled flexible office-sharing firm is preparing to file for bankruptcy. The US-listed group saw shares tumble by more than a ...

01 Nov 2023 at 10:23

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