Insolvency News Monitoring

Insolvency cases that will define the profession in 2025

As 2024 proved to be a pivotal and dynamic time for the insolvency and restructuring field, a BigLaw partner has detailed the most pertinent proceedings from last year that professionals should pay attention to in order to prepare effectively for the year …

Insolvency activity in Yorkshire and Humber jumps 27% as experts warn of 'calm before the storm'

Insolvency-related activity was on the rise across Yorkshire and Humber last month, according to new research. Across March, there was a 27% rise in insolvency-related activity - including liquidator and administrator appointments and creditors' …

SC upholds NCLT order to initiate insolvency against DHFL’s Wadhawan promoters

The Supreme Court on Tuesday upheld the National Company Law Tribunal’s decision to initiate insolvency proceedings against Dewan Housing Finance Corp's former promoters Dheeraj Wadhawan and Kapil Wadhawan, who stood as personal guarantors for loan …

Revisiting Singapore's Corporate Restructuring and Insolvency Regime: Cross-Class Cramdown in Schemes of Arrangement

In Short The Development: On March 11, 2025, the Committee to Enhance Singapore's Corporate Restructuring and Insolvency Regime (the "Committee") published a report (the "Report") outlining its recommendations to further enhance and …

48% of BC residents $200 away from financial insolvency: MNP report

British Columbians continue to take steps to safeguard their finances amid ongoing economic uncertainty. Roughly three-quarters of provincial residents say they have cut back on spending due to uncertainty (74%), and are delaying major purchases or …

Silver Airways on brink of closure after unfavorable insolvency trustee report 

The future of Florida-based carrier Silver Airways has been cast in serious doubt after the trustee appointed to oversee the airline’s insolvency case has recommended that the business be wound down.  In a report issued on April 11, 2025, and addressed to …

New start-ups and insolvency-related activity increase in Yorkshire and Humber

Watch more of our videos on ShotsTV.com  and on Freeview 262 or Freely 565 Visit Shots! now New business starts-ups and insolvency-related activity were both on the rise across the UK and in Yorkshire and the Humber last month, according to the latest …

Delhi High Court Reduces Suspension Period Imposed By IBBI Disciplinary Committee On Insolvency Professional, Finds ...

The Delhi High Court bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela have reduced the suspension period imposed on the Appellant/Resolution Professional, noting that the Disciplinary Committee of IBBI overlooked material …

Record 9.4% of hospitality businesses shutter as insolvencies rise by 17%

Nearly one in 10 hospitality and food services businesses closed in the past year, as cost pressures force Australians to rein in spending. Apr 15, 2025 2 min read Source: Adobe Stock. Nearly one in 10 hospitality and food services businesses closed in the …

NCLAT dismisses Supertech promoter's plea against personal insolvency proceedings

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by debt-ridden realty firm Supertech former promoter Ram Kishor Arora against personal insolvency proceedings initiated against him. He had challenged an order by the Delhi …

Cayman Court stands firms against delay tactics in insolvency dispute

Key takeaways The petition debt must be disputed on substantial grounds. It is an abuse of process to use the winding up court as a debt collection agency. If the Court is to accede to an application to restrain a winding-up petition, the company must …

'Sharp rise' in insolvencies expected in South West as firms grapple with new tariffs and economic uncertainty

South West company insolvencies are expected to rise this year as businesses grapple with economic uncertainty and new US tariffs, according to experts. During the first quarter of the year the number of West Country firms filing for administration was …

SBI initiates insolvency proceedings against Reliance Infrastructure's SU Toll Road

State Bank of India (SBI) has initiated insolvency proceedings against SU Toll Road Private Limited (SU Toll Road), a wholly-owned subsidiary of Reliance Infrastructure Limited (RInfra). The public sector lender has filed a petition under Section 7 of the …

Downward trend in insolvencies continues into 2025

Companies in Ireland – in the European Union – are proving resilient with insolvencies falling in the first quarter of the year, continuing a downward trend from last year, according to the latest research by PwC. There were 192 insolvencies in the first …

Concern as rise in insolvency-related activity continues for second month

This is according to R3, the UK’s insolvency and restructuring trade body. R3's analysis of Creditsafe data shows the number of insolvency-related activities increased from 212 in February to 262 in March. This includes administrator and liquidator …

Insolvencies rise further in Germany as economy struggles

Germany's struggling economy is making it harder to keep businesses afloat, with insolvencies rising again in March, reported dpa. Official figures published on Friday showed that the number of insolvency applications in Europe's largest economy …

South East insolvencies up 23 per cent for second consecutive month - now at 262

Insolvency-related activity has increased by more than 23 per cent among South East businesses for the second consecutive month. Analysis by insolvency and restructuring trade body R3 of data from Creditsafe shows insolvencies rose from 212 in February to …

Preserve emails in Byju’s insolvency case: HC

The Karnataka High Court has issued an interim order in the Byju's case. It directs the Resolution Professional to preserve all email communications between stakeholders. These emails are crucial for the Corporate Insolvency Resolution Process or any …

Preserve emails in Byju's insolvency case: Karnataka HC

North Carolina's House Bill 780 – 'The Good Dad Act' – Set to Launch July 1, 2025

A nationwide movement is well underway! RALEIGH, NC, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- The Good Dad Act Committee proudly announces the upcoming implementation of North Carolina House Bill 780, known as the "Good Dad Act,…

Monterey College of Law Announces Lisa Sperow as its New President/CEO

Lisa Sperow will become the new President/CEO of Monterey College of Law following the retirement of long-standing President and Dean Mitchel Winick. SEASIDE, CA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- The Board of Trustees of …

Inside the Tax Network USA Legitimate Intake Structure

Tax Network USA verifies transcripts and finances upfront to prevent IRS errors, delays, or rejections before any strategy is proposed. ENCINO, CA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Before any resolution strategy is proposed, …

Tax Network USA Complaints Often Start with IRS Collection Notices

Most Tax Network USA complaints stem from IRS actions like liens or audits — not the firm — prompting urgent legal case reviews and response plans. LOS ANGELES, CA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- At Tax Network USA, the term …

SocialEyes Communications Launches Performance-Based Growth Model for Clients

"New model ties agency earnings to client revenue, redefining what true marketing partnership means." TORONTO, ONTARIO, CANADA, April 15, 2025 /⁨EINPresswire.com⁩/ -- SocialEyes Communications, a leading digital marketing agency in North …

PuLSE Institute's Economic Justice Push Reflects in President Tina Patterson's Work in Georgetown Poverty Law Journal

DETROIT, MI, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Since its founding several years ago, the mission of The PuLSE Institute, a national and independent anti-poverty think tank headquartered in Detroit, has been to address issues of …

Centre Technologies Appoints CFO to Support Strategic Growth Across Texas and Oklahoma

Chris McMahan joins the rapidly growing MSP, Centre Technologies, as CFO. This addition continues to boost Centre's already prominent growth across TX and OK. HOUSTON, TX, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Centre …

The Growing Demand to Hire UK Private Investigators is Now Backed by New Ethical Standards

A recent ICO data protection initiative reinforces public trust in Private Detectives amid rising demand for personal investigations. UNITED KINGDOM, April 15, 2025 /⁨EINPresswire.com⁩/ -- As digital fraud continues to rise and post-pandemic …

Vaziri Law Group Advocates for Safer Roads by Addressing Key Factors Behind Trucking Accidents

Vaziri Law Group explores the key factors behind trucking accidents, offering actionable insights for creating safer highways and preventing tragedies LOS ANGELES, CA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Trucking accidents remain …

Understanding Term and Whole Life Insurance: Key Differences and How Each Serves a Financial Plan

HOUMA, LA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Life insurance plays a foundational role in personal financial planning, offering protection and peace of mind to families and dependents. For many individuals, one of the first major …

2025 Walk Like MADD & MADD Dash Clermont 5K Raises Record-Breaking $40k to Support Victims and Prevent Impaired Driving

Weinstein Legal Team Joined the 5k as Community Partner, supporting MADD’s Mission to Support Victims and End Impaired Driving Across Central Florida. ORLANDO, FL, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Mothers Against Drunk Driving …

Edward DuCoin Joins ABA Criminal Justice Section to Support Justice Reform

LAUREL SPRINGS, NJ, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Edward DuCoin, entrepreneur and author of the forthcoming book Indicted Loyalty, Convicted Logic, has joined the American Bar Association’s (ABA) Criminal Justice Section. …

Jimerson Birr Welcomes Experienced Litigator, Curtis Campbell, to its Esteemed Legal Team

Campbell brings multi-state experience and a business-focused approach to strengthen the firm’s growing litigation practice JACKSONVILLE, FL, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Jimerson Birr is pleased to announce the addition …

SmartLaw Facilitates $2 Million Personal Injury Settlement

LOS ANGELES, CA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- SmartLaw proudly announces a significant victory for a client who leveraged the service’s free online attorney referral system. The client secured a $2 million settlement in a …

Harris At Least Mentioned Fed Contracts to Small Businesses in 2024, Says Bruce de Torres, ASBL Communications Director

But the media seems to have exaggerated her statement de Torres adds PETALUMA, CA, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- “On September 4, 2024, Kamala Harris told North Hampton, New Hampshire, ‘We will increase federal contracts …

Olga V. Mack Joins TermScout as CEO to Lead the Future of Sales Contract Transparency and Acceleration

DENVER, COLORADO, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- TermScout, the AI-powered sales contract certification platform, today announced that Olga V. Mack has joined the company as its new Chief Executive Officer (CEO). A leading AI …

Bianchi & Brandt Named #1 Cannabis Law Firm by AZ Big Media’s Ranking Arizona

The firm celebrates the top ranking after serving the industry for more than five years. SCOTTSDALE, AZ, UNITED STATES, April 15, 2025 /⁨EINPresswire.com⁩/ -- Bianchi & Brandt, a full-service law firm headquartered in Scottsdale, is pleased to …

BBAI ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of BigBear.ai Holdings, Inc. ...

NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired BigBear.ai Holdings, Inc. …

FLNC INVESTOR ALERT: Kirby McInerney LLP Reminds Fluence Energy, Inc. Investors of Looming Lead Plaintiff Deadline in ...

NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP notifies investors of the approaching May 12, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of those who acquired …

Kirby McInerney LLP Urges Investors in Manhattan Associates, Inc. (MANH) to Inquire About Their Rights in Class Action ...

NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Georgia on behalf of those who acquired Manhattan …