Her situation left her relying on her daughter for even basic necessities like food. Sue Johnson, 75, found herself in severe financial difficulty after her divorce in March 2003. Despite moving out of her marital home, she was still obligated to pay £400 towards the shared mortgage with her ex-husband while also covering the rent…
Semiconductor producer BelGaN has filed for bankruptcy. The company, based in Oudenaarde, East Flanders, employs 440 people. BelGaN switched its production from traditional silicon chips to gallium nitride chips, which can be used in electric chargers, electric cars and data centres. “To finance the significant investments associated with this transition process, after the initial investment…
Three Russian companies founded by Alexander Lyskovsky, including LLC “Gorodskie Teplytsy,” LLC “Gorodskie Teplytsy Moskva,” and LLC “Vertikalnye Fermy,” have announced plans to file for bankruptcy. According to investor Mikhail Taver, Lyskovsky failed to fulfill his duties as CEO and refused to…
IBO Technology Undergoes Liquidation and Leadership Changes Amid Trading Suspension TipRanks Read the original article here
Previously, Tupperware’s US headquarters had made no comment about the company’s Belgian sites. At the end of last year, the licences to manufacture and sell Tupperware products were withdrawn from the company’s Aalst (East Flanders) factory. This meant that the factory could no longer operate. However, management at Tupperware Belgium was given no further information…
Rum-based chocolate liqueur Tobago Gold has filed for bankruptcy. The brand filed for bankruptcy in November 2024 Founded by Lars Söderström, Tobago Gold is a chocolate rum liqueur made with Caribbean spices. It is bottled at 17% ABV. The brand, registered in the Netherlands, was declared bankrupt on 12 November 2024, official documents show. According…
Osinbajo seeks debt relief for African countries Federal Radio Corporation of Nigeria Read the original article here
Stepping Stones Early Learning Center in Knoxville recently concluded their “STEP UP” capital campaign and were able to reduce their debt by $600,000. As the center wrapped up 2024, they also brought their “STEP UP” capital campaign to an end. Stepping Stones has spent the last year and a half raising funds to help pay…
Introduction In a recent judgment delivered by the Supreme Court of India,1 it has been reaffirmed that the Insolvency and Bankruptcy Code, 20162 (IBC/Code) is a complete Code in itself, having sufficient checks and balances, and thus, the exercise of supervisory jurisdiction and judicial review by the High Courts should only be exercised in exceptional and…
The owner of a Lincolnshire car wash has been banned from running a company for five years after employing illegal workers. Mohamed Hamza, 34, of Granville Road, Peterborough, hired the workers from Syria and Egypt to work at M&H Car Wash on Enterprise Way in Pinchbeck, near Spalding. The business was fined £20,000 after the…