Trustees of Corporate Commercial Bank, currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024, novinite.com reported. This will involve amounts from the sixth partial account for distributing accepted receivables, totaling 30 million leva, as reported in a letter to BTA. The disbursement will take place through the branch network of Investbank AD. Creditors receiving funds will be responsible for any applicable fees and commissions, which will follow Investbank’s standard tariff for such operations.

The office of Official Receiver is 140 years old this year, marking a history that has evolved from administering personal bankruptcies to overseeing major company liquidations and securing bankruptcy restrictions against people who pose a threat to the public through financial wrongdoing, according to a U.K. government release. The Insolvency Service has 16 Official Receivers based across 16 locations in England and Wales, who act as trustees in people’s bankruptcies and liquidate companies that have been wound up, with the backing of hundreds of support staff.

German air-taxi maker Lilium said on Monday it would file for insolvency "soon," after efforts to solve its cash-crisis failed to yield results, Reuters reported. The move highlights the difficulties faced by startup aviation firms in an industry that is capital intensive and has high entry barriers. It also comes as air-taxi makers navigate challenges in developing batteries powerful enough for their aircraft and convincing the public of their safety, even as they deal with an evolving regulatory environment.

The British government announced plans to raise the cost of university tuition fees for domestic students in England on Monday for the first time in eight years, in an attempt to improve the finances of many crisis-hit institutions, Reuters reported. Nearly half of British universities are expected to record a loss this year because of a long freeze in the price of fees and a decline in lucrative overseas postgraduate students following an immigration crackdown by the last government.

The Bank of England may extinguish hopes of a shift to quicker interest-rate cuts this week after the budget reignited inflation concerns and triggered a selloff in U.K. bonds that evoked memories of the 2022 market meltdown, Bloomberg reported. Economists and traders expect the Monetary Policy Committee to push ahead with only the second rate cut this year on Thursday, lowering the benchmark rate by a quarter point to 4.75%.