8. “Life changes at the drop of a dime. I went from a nice-paying job to going through my first job loss during a company restructure in COVID to being unable to find work and having to resort to serving at a restaurant and doing delivery apps. The restaurant went bankrupt.” “I got a temp…
Brighton’s GAK – a pillar of the UK music retail industry – has faced weeks of speculation after closing its store and shutting down its website in March. As rumours of the retailer’s fate swirled, industry spectators spotted a listing on UK business marketplace Business Sale Report, advertising a “Musical Instrument Retailer and Supplier” seeking…
A GERMAN club has been declared bankrupt, with all players released immediately. Fourth-tier side KFC Uerdingen will no longer be able to finish the 2024/25 season. 1 KFC Uerdingen will no longer be able to complete the remainder of the season after being declared bankrupcyCredit: Getty On Tuesday, an insolvency administrator ordered the immediate suspension…
REVEALED | Fashion brand that was inspired by founder’s time at uni owes £0.5m David Johnston, founder of OutsideIn A Belfast-based clothing firm with a mission to collect items for the homeless from customers has gone into liquidation owing over £500,000, the Belfast Telegraph can reveal. According to Companies House filings, liquidators from Manchester-based FRP Advisory…
Executive Summary On 28 September 2022, the Federal Government, through the Parliamentary Joint Committee on Corporations and Financial Services (the Committee), commenced an inquiry into the effectiveness of Australia’s corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy (the Inquiry). See here the link to our earlier…
Singapore Corporate Insolvencies Reach Highest Level Since 2010 Bloomberg.com Read the original article here
Directors’ “Creditor Duty” in Singapore: Guidance for Creditors Ashurst Read the original article here
The Calcutta High Court bench of Justice Jay Sengupta has held that once a liquidation order against the Corporate Debtor is passed, all proceedings including those pending at the time of such order under the Foreign Exchange Management Act, 1999 (FEMA) cannot be continued, nor can any new proceedings be initiated, in view of the…
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 15:09 AEST, 24 April 2025 | Updated: 15:09 AEST, 24 April 2025 A lack of recent hailstorms is juone of the reasons why a national panel beating group has collapsed owing almost $5million to creditors. Seven companies operated by Action Smart Group are in liquidation with debts…
INDIANAPOLIS — Two events Wednesday pledged to help Hoosier veterans. One will put being put money toward veteran debt relief, and the changes Senator Jim Banks wants to make to the Roudebush VA Medical Center in Indy. An announcement Wednesday morning at IMS included a pledge from Verizon, Team Penske, and the Indianapolis Colts to…