Furniture shop Sichel on Wednesday announced it is closing its shops in Rue Simon Bolivar in Esch-sur-Alzette and the Bourmicht business park in Bertrange after filing for bankruptcy. According to Sichel’s social networking site, “the challenges we have faced in recent years have had a considerable impact on our business.” As a result, “despite all…
Annual statistics for the financial year 2024-2025 show a slight increase in corporate insolvencies in Scotland, contrasted by a notable decrease in personal insolvencies. There were 1,175 corporate insolvencies recorded, representing a marginal 0.6% rise from the previous year (1,168) and a 3.8% increase compared to 2022-2023 (1,132). In contrast, personal insolvencies dropped by 8.3%…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Bertucci’s filed for Chapter 11 bankruptcy protection this week for the third time since 2018, court records show. The chain closed seven of its 22 stores before the filing, leaving it with 15 operating units,…
The prospect of higher labour costs and the threat of trade levies pushed the number of businesses registering for insolvency up by almost a tenth last month. The number of businesses going bust rose 9 per cent year-on-year to 1,992 in March, according to data from the Insolvency Service. The number of creditors’ voluntary liquidations,…
Company insolvencies jump in March ahead of cost increases and tariffs London Evening Standard Read the original article here
TORONTO — Liquidation sales at Hudson’s Bay’s remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to 70 per cent. TORONTO — Liquidation sales at Hudson’s Bay’s remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to…
TORONTO — Liquidation sales at Hudson’s Bay’s remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to 70 per cent. TORONTO — Liquidation sales at Hudson’s Bay’s remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to…
What is the Peak Indebtedness Rule? The purpose of the peak indebtedness rule is to increase the chance of substantiating an unfair preference claim. It allows liquidators who are experiencing a running account to decide on the best peak of the Company’s indebtedness to the creditor and use it as the beginning for each singular…
Hudson’s Bay Co. ULC, a company that’s so old it once played a central role for goods traders in Britain’s North American colonies, is being stripped for parts. The retailer, currently under bankruptcy protection in Canada, had devised a plan to rescue six of its 96 stores from liquidation, including its flagship location in one…
Rep. Woodman Page, R-Newport City, explains details of a medical debt relief bill on the floor of the House the Statehouse in Montpelier on Friday, April 18. Photo by Glenn Russell/VTDigger Thousands of Vermonters could see their medical debt wiped away under a bill headed to the governor’s desk. The legislation, S. 27, would use…