European subsidiary of the textile chain aims for a new start Clothing retailer Scotch & Soda has filed for bankruptcy again. As the company announced, S&S Europe BV, the Northern European retail and e-commerce organization of the clothing brand Scotch & Soda, was declared bankrupt on Wednesday. Scotch & Soda was already insolvent in 2023…
Rex staff told to provide ‘quality service’ to ‘secure their jobs into the future’ Goulburn Post Read the original article here
Embattled Australian electric vehicle fast-charger company Tritium is on the lookout for buyers after its directors declared the company to be insolvent and called in administrators. April 22, 2024 David Carroll Tritium has declared itself insolvent and self-appointed administrators and insolvency administrators appointed by creditors have assumed control of the Queensland-headquartered electric vehicle (EV) charging…
The Insolvency and Bankruptcy Code, 2016, has a timeline of 270 days to complete the Corporate Insolvency Resolution Process (CIRP), including any extensions granted. This includes an initial 180 days, plus an additional 90 days in exceptional circumstances. As per the latest figures up to December 2023 released by the Insolvency and Bankruptcy…
Column | I don’t lend money to family. There’s a better way to help. The Washington Post Read the original article here
DigiDirect’s owner Shant Kradjian has also confirmed his intent to hire 100 extra staff on top of those still remaining, administrators McGrathNicol Restructuring said today. Former staff are also encouraged to rejoin the company. Booktopia has been purchased by digiDirect. (Booktopia) “We are incredibly pleased to have completed the sale of the Booktopia business to…
The Association for Business Restructuring & Turnaround launches this week with the goal of accrediting specialists in company turnaround and setting professional standards. ABRT founder Eddie Griffith said the body would aim to address problems identified by the parliamentary insolvency inquiry and had sprung out of conversations between like-minded specialists. “We came up with the…
The Eel Screen Company Ltd. provided a false turnover to secure a £50,000 Bounce Back Loan in 2020, the maximum allowed under the scheme which was designed to support businesses during the pandemic Financial inconsistencies were also found in the company’s application for a £225,000 Recovery Loan Scheme loan almost two years later Investigations by…
The impairment related to an expected decrease in future cash flow and arose following an annual impairment review of all of SkyCity’s cash-generating properties ahead of its full year financial result to be released on Thursday. “The primary objective over the coming years is to ensure SkyCity has strongly performing risk management systems, a culture…
Thousands of Wake students need help to pay for school lunch. Here’s how you can donate. Raleigh News & Observer Read the original article here