Member Article May 2021 insolvency statistics, R3 response Corporate insolvencies increased by 8.8% to 1,011 in May 2021 compared to Aprils figure of 929, and increased by 6.9% compared to May 2020s figure of 946. Personal insolvencies fell by 14% to 8,482 in May 2021 compared to Aprils figure of 9,864, and were 38.7% lower…
SINGAPORE (BLOOMBERG) – Asset sales in a liquidation process at Hyflux, Singapore’s highest-profile distressed company, would likely bring in less than $200 million, a person familiar with the matter said, a fraction of the amount creditors are claiming. Hyflux’s judicial manager Borrelli Walsh filed a court application earlier this month to wind up the water…
Datuk Seri Najib Razak. -Bernama filepic KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak is not bankrupt despite a court ruling dismissing his application for a stay on a summary judgment that requires him to pay RM1.69bil in tax arrears to the Inland Revenue Board (LHDN). Lawyer Mohamed Haniff Khatri Abdulla said there was…
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (BBX Capital or the Company) announced today that, on June 11, 2021, the United States Bankruptcy Court for the Southern District of Florida (the Bankruptcy Court) announced its intention to enter an order (the Confirmation Order) confirming the plan of reorganization filed by ITSUGAR LLC…
Administrators appointed to manage the affairs of live exporter North Australian Cattle Co and its sister company, Southern Australian Cattle Co have called for expressions of interest from investors interested in buying the businesses. Administrators Melissa Lau and Jimmy Trpcevski from Jirsh Sutherland are seeking urgent expressions of interest from parties interested in acquiring the…
HOT SPRINGS — The old Social Security Administration Office here needs to be preserved, U.S. Sen. John Boozman, R-Rogers, said after a recent tour of the vacant building. The two-term Republican senator was joined on the tour by Garland County Judge Darryl Mahoney, County Attorney John Howard and former County Judge Larry Williams, who serves…