Canada’s Oldest Company, Hudson’s Bay, Tries to Avoid Full Liquidation – Bloomberg
Canada’s Oldest Company, Hudson’s Bay, Tries to Avoid Full Liquidation Bloomberg Read the original article here
Sunac Creditor Tells Court Company Has No Feasible Debt Plan – Bloomberg
Sunac Creditor Tells Court Company Has No Feasible Debt Plan Bloomberg Read the original article here
Hudson’s Bay liquidation sales begin at all but six of its stores
TORONTO — Canada’s oldest company will begin liquidating most of its stores this morning. Hudson’s Bay says all but six of its locations will be selling off their inventory. The company is aiming to wrap up the liquidation by June 15. TORONTO — Canada’s oldest company will begin liquidating most of its stores this morning.…
13 Firefighters Declared Bankrupt Taken Disciplinary Action – BERNAMA
13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here
Romania’s steelmaker Liberty Galati set to avoid insolvency, helped by EU’s revised policies
Liberty Galati, the sole integrated steel producer in the region, hopes to resume full operations at a capacity of 2 million tonnes per year, about two-thirds of its nameplate capacity according to the pre-insolvency request approved by the court this month – and the revised European Union’s strategies in the sectors of defense and energy…
Federal High Court creates Insolvency Unit to address companies’ restructuring and dissolution in Nigeria
The Federal High Court Headquarters has announced the creation of an ‘Insolvency Unit’ for the Court, aimed at addressing the implementation of laws relating to company restructuring and dissolution in Nigeria. According to the court, the laws related to “Company Voluntary Arrangements (CVA), Administration, Receivership, Winding Up (Dissolution), and various forms of restructuring of companies”…
Supreme Court appoints special purpose liquidator to replace incumbent liquidator
On 4 March 2025, the Victorian Supreme Court made orders that a special purpose liquidator be appointed to replace an incumbent liquidator to finalise a long-running liquidation. The decision demonstrates the flexibility of the Court’s powers under section 90-15(1) of the Insolvency Practice Schedule (Corporations) to replace liquidators if it is in the best interests…
Gregory O’Shea’s lavish lifestyle continues as his business empire crashes down around him
Austrans is not the first business associated with O’Shea that has collapsed.Credit: Instagram O’Shea, who took over the 37-year-old business from his father, said it had been sabotaged by a rival transport company, which he accused of illegally suspending its services to derail Austrans and its holding company, Vermile Pty Ltd. “I categorically deny all…
How Trump’s Presidency Is Impacting Student Loans And Debt Forgiveness
Topline President Donald Trump announced Friday he plans to move the federal student loans portfolio from the Department of Education to the Small Business Administration (SBA), the biggest of several steps his administration is taking that affects how the government handles federal student loans and student loan forgiveness. President Donald Trump signs an executive in…
Tshwane residents wary city’s debt-relief programme has a catch
Some Tshwane residents keen to take advantage of the city’s municipal services debt-relief programme are worried there is a catch and that their debts won’t just be cancelled without any sort of punishment. The newly introduced debt-relief programme is aimed at assisting residents and businesses to settle their municipal arrears. . The initiative offers substantial…