The city centre of Birmingham. [Photo/VCG] Fears grow over fate of more councils after Birmingham files for insolvency Local governments in the United Kingdom went into panic mode on Wednesday after Birmingham City Council effectively declared itself bankrupt. Authorities warned that more councils across the UK could declare themselves in financial dire straits. Birmingham City…
KNP Logistics, described by its administrators as one of the United Kingdom’s largest privately owned logistics groups, declared itself insolvent on Monday, blaming a ransomware attack back in June. Approximately 730 employees will be made redundant as a result of the administration process, although one of the group’s key entities has been sold, saving about…
Liquidators reveal home building company’s $300k debt to staff Geelong Advertiser Read the original article here
An Off Ya Tree location in Melbourne CBD’s Collins Street. Source: Google Maps The business behind alternative clothing, body piercing, and former bong retailer Off Ya Tree has fallen into liquidation, as the retail chain assures customers a dozen stores will remain operational. Con Kokkinos of insolvency firm Worrells was appointed as liquidator for Thendro…
Winding-up orders were made against five companies from the Sk:n Group of companies on Thursday 18 July 2024. The court appointed the Official Receiver, Joseph Sullivan, as liquidator of: Lasercare Clinics (Harrogate) Limited (company number 02545572) LCHMG Limited (company number 12325705) ABC Lasers Ltd. (company number 04795786) Cosmeceuticals Limited (company number 06114019) Cellite Clinic Limited…
Liquidators reveal home building company’s $300k debt to staff Townsville Bulletin Read the original article here
Debt haircut – Varta rescue: Porsche steps in to help Tojner Kronen Zeitung Read the original article here
The basketball world was rocked earlier this year by the news that Jontay Porter, the brother of Denver Nuggets star Michael Porter Jr. and a member of the Toronto Raptors on a two-way contract, would receive a lifetime ban from the NBA for violating the league’s gambling rules. There were plenty of details that the…
The House of Representatives Committee on Banking and Other Ancillary Institutions has called for the creation of a judicial task force specifically dedicated to the trial of cases involving the Asset Management Corporation of Nigeria. This move is intended to expedite the resolution of AMCON cases, many of which involve significant financial recoveries for the…
Lusix, Benny Landa’s synthetic diamond company, is on the verge of filing for insolvency. The company informed its creditors of its intention to do so but did not specify the exact timing. Calcalist has also learned that the company informed its shareholders last week that it urgently needs to raise $15 million for ongoing operations…