SUMMARY Zomato’s parent Eternal announced that its step-down subsidiary in the Netherlands, Zomato Netherlands, has initiated its liquidation process Zomato Netherlands’ turnover was nil in FY24, while its net worth stood at INR 32 Lakh. The liquidation of the subsidiary is expected to be completed within one year With this, Zomato has effectively shut down…
According to their first liquidators report, Wilson Barbecue was placed into liquidation due its inability to meet its current debt levels as they fell due. “The company’s insolvency resulted from the current economic environment in the food retail industry, which led to diminishing cash flow,” the liquidators said. Inland Revenue is owed $644,192, however, the…
A new AARP survey suggests nearly half (47%) of adults 50 and older who carry credit card debt use their cards to pay for necessities like health care, car payments and housing. Some 17% admitted they charged expenses to cover gaps in their budget every single month last year, putting them deeper in the red.…
Australian corporate insolvency reform: What can we expect in 2023? | Australia | Global law firm Norton Rose Fulbright Read the original article here
Bankruptcy is the busiest federal court in the U.S. Last year, more than 200 companies with at least $50 million in liabilities filed for bankruptcy, according to Bloomberg. That’s the second most since just after the Great Recession in 2009. A new book argues that bankruptcy has become a “Swiss Army knife” or “escape hatch”…
A month ago, on Friday, Feb. 21, Technicolor began to alert employees that it was in dire financial trouble and could (and did) begin to shut down that Monday. The stunning collapse of the iconic century-old company sent shockwaves through the industry, affecting its brands and thousands of employees around the world, as well as…
Andrea Pirlo had to block his son’s ban account in 2022, as the then teenager amassed gambling debts of €30k in illegal online scheme. Article continues below Article continues below Article continues below Ex-Italy international took decisive action Son forced to learn the hard way Avoid repetition of the same words & topics Read the…