MICHIGAN — Liquidation sales have begun at most Michigan Joann Fabrics and Crafts stores after the retailer announced it would be closing 500 stores nationwide after filing for Chapter 11 bankruptcy for the second time this year. “Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although…
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 ‘nuisance cold calls’ SussexWorld Read the original article here
In the 2023-24 financial year, a record 3,000 construction firms in Australia were declared bankrupt (insolvent). New data from ASIC suggests that construction insolvencies have worsened in 2024-25. In the first seven months of this financial year, 1,999 construction firms were declared insolvent. This was 26% higher than the same period in 2023-24 (1,583) and…
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 ‘nuisance cold calls’ Eastbourne Herald Read the original article here
After seasonal adjustment, 1,971 companies became insolvent in January 2025, up 6% from December 2024 and 11% from January 2024. After three years, the average absolute change between consecutive months has been 12%. After declining in the early 2000s, company insolvencies soared during the 2008-09 crisis. Government support measures during the COVID-19 epidemic in 2020…
The suspended directors of embattled edtech firm Byju’s have approached the bankruptcy appeals court to prevent its creditors from deciding on a ₹158 crore settlement with India’s cricket board. Byju’s Committee of Creditors (CoC) includes opposing lenders US-based Glas Trust Llc. and Aditya Birla Finance. Riju Raveendran, a former director of Byju’s and younger brother of founder…
In a sorrowful event in Mysuru, Karnataka, three family members reportedly took their own lives after enduring significant financial losses from online gambling. The deceased were identified as Josh Anthony, his brother Joby Anthony, and Joby’s wife Sharmila. Authorities suggest that Joby and Sharmila faced mounting pressure due to their involvement in online betting on…
A group of drag queens has provided an unexpected performance on the streets of the Gold Coast in an effort to get paid. American-born Cadillac DeVille has been a drag queen for the past eight years but ran into trouble with a company called Paint Juicy failing to pay invoices totalling more than $3000. Tara-Zan,…
Discover reporting you’re not seeing from biased, mainstream media outlets. We spotlight which stories right and left-leaning outlets aren’t covering, so you can receive a complete picture of the news. Media Miss 4 mins ago The Eighth U.S. Circuit Court of Appeals has blocked President Joe Biden’s $475 billion student debt cancellation program, stating that…
The Insolvency and Bankruptcy Board of India (IBBI) has introduced amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 through Notification No. IBBI/2024-25/GN/REG122, dated 03.02.2025. These amendments aim to enhance transparency and efficiency in the corporate insolvency resolution process (CIRP), particularly in relation to real estate projects. An Overview of Amendments to…