Finance News – Insolvency
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Owners of collapsed oil refinery Prax Lindsey took £11.5m in pay and dividends
The owners of the insolvent oil refinery received substantial earnings through salaries and dividends prior to its failure, raising concerns about their financial responsibility to...
Read Full Article →‘He left us with nothing’: the British investors swindled by a German property firm
The insolvency of a German real estate company has resulted in significant financial losses for thousands of British and Irish investors, with recovery efforts for over one billion...
Read Full Article →Over half of English councils face insolvency under £5bn deficit, MPs warn
An influential parliamentary committee has highlighted that significant deficits related to special educational needs funding may lead numerous local authorities in England toward...
Read Full Article →Half of SME housebuilders ‘to be bust by next election’, report to warn
A recent report indicates that rising expenses related to industry regulations may cause financial collapse for approximately half of the small housebuilding firms in Britain befor...
Read Full Article →Meyer Burger files for insolvency for German subsidiaries
The announcement indicates potential financial instability for Meyer Burger’s German branches, which may impact the company’s overall operational and economic performance in the ne...
Read Full Article →Insolvency levels hit highest level in eight months in Awful April
Recent data reveal a substantial rise in business failures this April, highlighting the financial strain caused by increased labor expenses and uncertainties surrounding new trade...
Read Full Article →Genesis targets parent company DCG in dual lawsuits for over $1B in disputed transfers
Genesis Global Capital has initiated legal action against Digital Currency Group and its CEO, aiming to reclaim more than $1 billion related to contested financial transactions dur...
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