Commercial chapter 11 US bankruptcy filings up 83% in February
New bankruptcy filings in February 2023 registered double-digit increases year-over-year across all U.S. major filing categories, according to data provided...
International news
Company insolvencies in UK rises 32% in Dec 2022
The number of registered company insolvencies in the UK in December 2022 was 1,964, which is 32% higher than in...
Canada Consumer Debtor Profile based on consumer insolvency statistics in 2021
As part of the Canada government’s commitment to openness, accountability, and public engagement, the Office of Superintendent of Bankruptcy has...
Registered company bankruptcies in UK rose 21% in Nov’22
The number of registered company bankruptcies in the UK in November 2022 was 2,029, 21% higher than in the same...
UK company insolvencies up 38% in Oct’22; compulsory liquidation more than 4 times last year
The number of registered company insolvencies in the UK rose 38% year-on-year to 1,948 in October 2022. In the same...
Singapore govt extends Simplified Insolvency Programme by 18 months
The Singapore government has extended the application period for the Simplified Insolvency Programme (SIP) by 18 months, to end on 28...
Further bankruptcy restrictions for bounce-back loan abuse in UK
Five individuals have separately been made subject to bankruptcy restrictions totalling 48 years as the Insolvency Service continues to identify...
Australia makes far-reaching changes in insolvency laws
On 6 April 2022, the Attorney-General's Department in Australia announced changes to the Insolvency Practice Rules 2016. The changes are reflected...
US bankruptcy filings fall 24% in 2021
Total US bankruptcy filings during calendar year 2021 decreased 24% from 2020 amid stabilization measures and lender forbearance in response...
Australian authorities release Personal Insolvency Compliance Report 2020–21
The Australian Financial Security Authority (AFSA) on 14 December released its Personal Insolvency Compliance Report 2020–21. The report outlines the...