Swiss company bankruptcies rise to record high in 2024
Number of company bankruptcies rises to record high in 2024 Keystone-SDA Listen to the article Listening the article Toggle language selector … Read the original article here
Real Estate Insolvency 2.0: A Game-Changer or More Red Tape
Introduction: A new dawn for corporate insolvency? The Insolvency and Bankruptcy Board of India (IBBI), through its Notification No. IBBI/2024-25/GN/REG1221 dated 3-2-2025, has unveiled a suite of amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 20162. Effective from 3-2-2025, these reforms aim to inject transparency, efficiency, and…
Types and How It Works
What Is Bankruptcy? Bankruptcy is a way to get a fresh financial start (as an individual or business) if you can’t repay your debts. Typically, this requires filing a petition with a bankruptcy court. From there, a judge decides whether you must liquidate any of your assets or if the debt can be restructured to…
Moorland School parents redirected to insolvency company
Private school Moorland, in Clitheroe, informed parents and teachers on Wednesday it would be shutting its doors on Friday, March 28, citing financial strains. The shock announcement left parents frantically trying to contact former proprietor and headteacher Jonathan Harrison, but they were redirected to consultancy firm Begbies Traynor Group. However, the business said it has…
Sharvain Facades goes into voluntary administration – MSN
Sharvain Facades goes into voluntary administration MSN Read the original article here
Ex-England boss Sven-Goran Eriksson’s family make huge sum selling his memorabilia to help settle £8m debt
EX-England football manager Sven-Goran Eriksson’s family have made £140,000 selling off his memorabilia to help settle his debts. He died owing more than £8million, including £7million in UK tax. 11 Sven-Goran Eriksson’s family have made £140,000 selling off his memorabilia to help settle his debtsCredit: AFP 11 Sven with the late Queen at Buckingham Palace…
Hudson’s Bay announces 200 layoffs
Hudson’s Bay says it has notified about 200 of its staff working in corporate roles that their employment will be terminated next week. Company spokesperson Tiffany Bourré said Friday that the move is a result of the restructuring process underway at the department store chain after it filed for creditor protection earlier in the month.…
‘This is a miracle to them’: How the church is helping to erase medical debt
6 (OSV News) — When God instructed Moses how to declare a Jubilee Year — “And you shall hallow the fiftieth year and you shall proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you” (Lv 25:10) — the commanded celebration was to include forgiveness of debt. It is…
Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration – MSN
Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration MSN Read the original article here
Hudson’s Bay liquidation sales don’t apply to all products. Which ones? – National
Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Which stores are part of the liquidation? Hudson’s Bay is liquidating all but six of its stores. It has 80 stores under the Hudson’s Bay banner,…