A MAN who had over $70,000 drained from his account by his wife the year she divorced him is now facing terrible debt problems. Nicholas, a small business owner in Boston, Massachusetts, owes six figures in tax and has been struggling to make ends meet for several years. 3 Nicholas, a small business owner in…
Steven Church and Reshmi BasuBloomberg News (TNS) If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in…
Insolvency-related activities in the North West fell to their lowest level for 12 months, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data, provided by Creditsafe, shows there were 313 new cases of insolvency-related activity – which includes liquidator appointments, administrator appointments and creditors’ meetings – in…
The chemical company at the centre of two industrial fires in Melbourne’s west, including one that left a worker dead, has collapsed owing creditors more than $5.3 million. Reports from liquidator SV Partners into the failed ACB Group suggest the site of its factory remains an ongoing fire hazard, stating the EPA advised it posed…
CMC Sports and Social Club at University Hospital of Wales. Photo via Google Ted Peskett, local democracy reporter A hospital in Cardiff confirmed its gym has closed because the company which ran it is going into liquidation. The gym at University Hospital of Wales, called CMC Sports and Social Club, closed on Friday, January 31.…
LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – January 2025 Credit Connect Read the original article here
Business start-ups rise by a third as insolvency-related activity falls across Yorkshire and Humber The Star Read the original article here
If you haven’t been following along as we cover KTM’s current predicament, where have you been? For the uninitiated, KTM essentially screwed itself a couple years back, as Pierer Mobility AG—the company’s parent company—went on a spending spree that’d make a lottery winner blush. It bought everything, including new manufacturing facilities, new brands, and spent…
Australians with debt should be treated fairly when they want to buy a house, the treasurer says. (Dave Hunt/AAP PHOTOS) Home ownership will be made easier for Australians with outstanding student debt after financial regulators promised to update their guidance on lending restrictions. Regulators ASIC and APRA have agreed to clarify their guidance to lenders,…
Exclusive: Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say Reuters.com Read the original article here