All the updated news related to insolvency

All the news related to insolvency updated in real time

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Insolvencies rise as companies worry about energy bills

Nearly a quarter of small businesses say that energy prices are their main concerns as insolvencies spiked to their highest level since the wake of the financial crisis. The number of companies going insolvent in England and Wales has been rising ...

07 Oct 2022 at 14:06

City

August saw highest number of companies collapsing this year, analysis shows

August saw the highest number of insolvencies this year as nearly 100 companies went into administration amid worsening financial pressures. Businesses have been grappling with higher costs and steeper energy bills in recent months, worsened by ...

20 Sept 2022 at 17:23

Insolvency Service says P&O will not face criminal action over mass sackings

The Insolvency Service has determined P&O Ferries will not face criminal proceedings over its actions in firing almost 800 workers earlier this year. The company sparked public anger and was hauled in front of MPs to answer questions when it ...

20 Aug 2022 at 09:56

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 ...

02 Aug 2022 at 11:53

P&O chief executive to be quizzed by MPs over sackings

The chief executive of P&O Ferries is to be quizzed by MPs on Thursday over the controversial sacking of nearly 800 workers without notice amid continued protests over the dismissals. Peter Hebblethwaite will appear before a joint ...

24 Mar 2022 at 01:25

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 ...

15 Mar 2022 at 15:25

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. ...

28 Jan 2022 at 11:55

Restaurant company insolvencies rise by 59% over past year

Restaurant company insolvencies have increased by 59% over the past year, according to research. The total has risen from 984 in 2020/21 to 1,567 in 2021/22, according to advisory firm Mazars. In the past three months, the ...

21 Nov 2022 at 01:01

Telling Boris Becker’s son about jail sentence was ‘hardest thing’, ex-wife says

Boris Becker’s ex-wife has said telling their 12-year-old son that his father was going to prison was “the hardest thing I ever had to do”. Speaking on Piers Morgan’s Uncensored show on Tuesday night, Sharlely “Lilly” ...

03 May 2022 at 22:25

Wimbledon star Boris Becker jailed for two-and-a-half years over bankruptcy

Three-time Wimbledon champion Boris Becker has been jailed for two-and-a-half years for hiding £2.5 million worth of assets and loans to avoid paying his debts. The former world number one, 54, was declared bankrupt ...

29 Apr 2022 at 16:55

Personal Finance

Personal insolvencies in England and Wales at highest level since 2018

The number of people going financially insolvent across England and Wales jumped to the highest level in more than three years in the first quarter of this year. There were 32,305 personal insolvencies between ...

28 Apr 2022 at 11:25

Boris Becker could be jailed as he faces bankruptcy sentencing

Three-time Wimbledon champion Boris Becker could be sent to jail when he is sentenced for flouting the terms of his 2017 bankruptcy. The former world number one, 54, was earlier this month found guilty of ...

29 Apr 2022 at 03:55

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