NovaBay Pharma’s Strategic Shift and Liquidation Plans – TipRanks
NovaBay Pharma’s Strategic Shift and Liquidation Plans TipRanks Read the original article here
The New Rules of Debt Management Everyone Should Know in 2025
Debt. It’s a word that can send shivers down anyone’s spine, but let’s face it, it’s a part of life for most people. Whether it’s student loans, credit cards, or mortgages, managing debt is something we all need to master. The good news? The rules of debt management have evolved, and 2025 brings some fresh…
Federal government takes on Rex Airlines’ $50m debt to keep collapsed carrier operating
The federal government continues to throw regional carrier Rex Airlines a lifeline, after taking on its $50 million debt from its largest creditor PAGAC Regulus Holdings Limited. Rex has been fighting for commercial survival after entering voluntary administration on June 30 last year, with Ernst and Young (EY) appointed administrators. Transport Minister Catherine King and…
Scottish corporate insolvencies down 2.3% YOY – Accountancy Today
Scottish corporate insolvencies down 2.3% YOY Accountancy Today Read the original article here
Firms ignoring climate crisis will go bankrupt, says Mark Carney | Climate crisis
Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned. Mark Carney also told the Guardian it was possible that the global transition needed to tackle the climate crisis could result in an abrupt financial collapse. He said…
UK insolvencies drop in 2024, but expert warns of challenges
Menzies business recovery partner Giuseppe Parla emphasised that many businesses may continue to face financial uncertainty in the New Year. Credit: Miha Creative/Shutterstock. The latest UK government statistics reveal a 5% year-on-year decline in registered company insolvencies across the UK, with 23,872 cases in 2024. According to data released by The Insolvency Service, there was…
NCLT Orders Liquidation of Go First Airways – Moneylife
NCLT Orders Liquidation of Go First Airways Moneylife Read the original article here
Diamond Comic Distributors: How a Maryland monopoly went bankrupt
The saga is fit for a comic book: meager beginnings, a rapid ascendance and toppling rivals to achieve sweeping power. Diamond Comic Distributors’ latest chapter, however, reads as a downfall. After decades as the country’s top comic book distributor, Diamond filed for Chapter 11 bankruptcy last week, intending to sell off some of the healthier…
R3 responds to the 2024 annual insolvency statistics
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says: “Despite a year-on-year decline in corporate insolvency numbers,…
NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP proceedings
It has been held that the opinion expressed by the CoC after due deliberations in the meetings through voting, as per voting shares, is the collective business decision and that the decision of the CoC’s commercial wisdom is non-justiciable The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the…