Star’s chips down as $940m debt deal comes off table

Debt Help

The Star Casino is still in a trading halt as the embattled company negotiates a financial lifeline. (Dan Himbrechts/AAP PHOTOS) Star Entertainment has failed to secure a $940 million lifeline to cover its eye-watering debts, throwing the future of the casino operator and 9000 jobs into question. The Star announced in March it had entered…

Quantron rises from the ashes

Bankruptcy

Hydrogen truck and zero-emission transport manufacturer Quantron has risen from the ashes of insolvency and is once again trading under a refocused strategy. Quantron had initially filed for bankruptcy at the end of October 2024, with the company’s court-appointed administrator initiating a structured sales process in November. A holding company belonging to Quantron CEO Andreas…

Gerry Weber insolvency causes Dutch branch to topple

Bankruptcy

r.classen / Shutterstock.com The Dutch branch of women’s fashion chain Gerry Weber has filed for a suspension of payment, after its German parent company was declared insolvent. Both companies’ future looks markedly uncertain. Financial problems seep through The chain’s Dutch branch hopes that a suspension of payment would clear the way for a possible restart,…

Bax Music Declared Bankrupt After Financial Struggles

Bankruptcy

Bax Music, a prominent online retailer of musical instruments and equipment, has been declared bankrupt by the Zeeland-West-Brabant court on April 1, 2025. This decision follows the company’s request for a suspension of payments made just a week prior, a common precursor to bankruptcy. The firm has faced significant financial difficulties in recent years, accumulating…