The US city of Detroit is “clearly insolvent”, emergency manager Kevyn Orr says in his first review of the city’s finances.
More here: Emergency chief: Detroit ‘insolvent’
Category : Business
Category : Business, World News
The number of people and businesses becoming insolvent has fallen to its lowest level for five years, according to government figures.
Read the original: Insolvencies at new five-year low
Category : Business, World News
The number of people being declared insolvent in England and Wales fell last year to the lowest level since 2008, the Insolvency Service says.
More here: Personal insolvencies at new low
Category : World News
Virgin France is to declare itself insolvent, the latest music chain to fail against a backdrop of consumers shifting to buying music online.
See the rest here: Virgin France declares insolvency
Category : World News
The insolvent electrical chain Comet confirms a further 735 redundancies at its head office, central functions and its home delivery network.
The rest is here: Comet to cut hundreds more jobs
Category : Business
The insolvent electrical chain Comet is preparing to close about 30 stores out of 236 by the end of November, the BBC learns.
Originally posted here: Retailer Comet to close 30 stores
Category : World News
The electrical chain Dixons is offering Christmas jobs to hundreds of Comet staff who face redundancy because their firm is insolvent.
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Employees at the White Birch paper plant in Quebec voted 79 per cent in favour of accepting their insolvent employer’s final offer.
Follow this link: White Birch employees accept concessions to save jobs
Category : Business, World News
Fewer people were declared insolvent in 2011 in England and Wales than in 2010, but the number of companies going bust increased.
Continue reading here: Personal insolvencies ‘down 11%’