2024 was another brutal year for trucking companies and freight brokerages. Thousands of firms called it quits, sought bankruptcy protection or both. Fraud-related stories also dominated the headlines. FreightWaves looks back at some of the year’s key stories. Illinois-based Nationwide Cargo Inc. files for bankruptcy Founded in June 2010, Nationwide Cargo Inc. of East Dundee,…
How to spot the warning signs of insolvency in the construction supply chain Dentons Read the original article here
As beleaguered Croydon council declared effective bankruptcy on Wednesday afternoon, its interim chief executive, Katharine Kerswell, sent an ominous wake-up-call memo to staff: “Too many of us are still operating like business as usual,” she warned, “and are not facing up to our new reality that we are actually in a financial crisis.” The methodical…
UK Trade Darling Stenn Went from $900 Million to Insolvency in Days Bloomberg Read the original article here
Sussex Covid loan company directors ‘sleepwalking’ into disqualification SussexWorld Read the original article here
The liquidation of BelGan, Belgium’s last industrial chip manufacturer, ends on Thursday. On Friday, interested parties can still bid for a combination of lots. The liquidation has so far raised more than 20 million euros, which will be used to pay severance to employees. BelGan, based in Oudenaarde, filed for bankruptcy in July. The company…
Manchester-based Alderman’s Drinks, the company that produces Didsbury Gin, has gone into liquidation after owing its creditors nearly £200,000 (US$245,877). R-L: Mark Smallwood and Liam Manton, Didsbury Gin co-founders Didsbury was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted to ‘take gin…