A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. The company was struggling financially by April 2023…
Exclusive | Hudson’s Bay, Canada’s Oldest Retail Chain, Nears Bankruptcy The Wall Street Journal Read the original article here
Published on 14 January 2025 Written by Will Beck Key developments in 2024 2024 has seen one of the most significant insolvency cases in recent years. In June, Justice Leech handed down his judgment on the claim brought by the liquidators of BHS against certain of its former directors for wrongful trading and misfeasance. This…
The National Company Law Tribunal (NCLT), New Delhi, recently approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the debt-ridden United News of India, or UNI. Pooja Bahry, the resolution professional, ensured the resolution process does not drag on for years, and managed to take it to its successful closure within a period of two…
An award-winning firm with multiple restaurants in Edinburgh has closed suddenly after its parent company plunged into liquidation. Ghost Gastro Ltd, the business behind Butta Burger and Homies Pizza, was issued a court order on February 14 to wind up its operations. 3 The parent company behind Butta Burger has appointed liquidatorCredit: Google Maps 3…
Brindabella Christian College operating as usual despite entering voluntary administration MSN Read the original article here
An events company in New Zealand has been liquidated shortly after one of its conferences suffered an outbreak of COVID-19. Liquidators were appointed to Dinamics Destination Management on 20 March, according to the New Zealand government’s online records, exactly one week after it wrapped up the 2020 World Hereford Conference in Queenstown, held on behalf…
INSOLVENCY NOTICES: Winding Up Petitions – February 2025 Credit Connect Read the original article here
According to the German business publication Wirtschaftswoche, the Austrian aircraft manufacturer Diamond Aircraft is taking over the insolvent company from Bruchsal. Diamond is owned by the Chinese automotive supplier Wanfeng. According to the report, the Austrian company primarily does business with motorised gliders and small aircraft for the private market but also has ambitions in…
Michael Sheen has written off £1 million ($1.29 million) of debt for 900 people using £100,000 ($129,000) of his own money. The Welsh star, famed for roles in Good Omens, Twilight and more recently, A Very Royal Scandal, has started a debt acquisition company to help the group in his native south Wales. The business…