Category: insolvency
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Director behind 400 companies banned for nine years after ‘subverting insolvency system’
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A company director who “repeatedly subverted the insolvency system” by facilitating debt-swamping arrangements for distressed companies has been banned from running companies for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and took nearly £270,000 from Atherton, operators of a…
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Bybit CEO Denies Crypto Hack And Insolvency Rumors
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This week, online rumors claimed that the cryptocurrency exchange was experiencing insolvency issues, raising concern among the community. Amid the uncertainty, users have identified Bybit as the exchange with the alleged problems. On Wednesday, Bybit CEO Ben Zhou refuted rumors of a hack or insolvency on X, reassuring investors that…
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Used car darling Cazoo on brink of insolvency
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Cazoo, the used car company founded by Alex Chesterman, is facing the possibility of administration as it struggles to secure emergency funding to address its significant losses. The company has applied for protection from its creditors, and is seeking ten days of protection from creditor claims while it explores options…