Open this photo in gallery: Heavily discounted merchandise, part of the Bay’s final liquidation sales, signals the end is near for Canada’s oldest retailer.Nathan Denette/The Canadian Press As a voice crackled over the loudspeaker at the Hudson’s Bay store in Sherway Gardens mall on Friday, the message was not simply about discounts; it was also…
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for…
The National Company Law Tribunal Bench of Shri Mahendra Khandelwal (Judicial Member) and Shri Atul Chaturvedi (Technical Member) dismissed a Section 10 application filed under the Insolvency & Bankruptcy Code, 2016 (“the code”) holding that the Corporate Applicant cannot take the shield of CIRP to avoid the legally recoverable government dues. Background Facts: M/s Imperial…
Beyond Budgeting: 6 Strange Yet Powerful Tactics for $20K+ Debt Relief AOL.com Read the original article here
Microsoft continues to scale back its operations in Russia, with a notable development for one of its local subsidiaries. Reuters cited a note filed on the official Fedresurs registry on Friday as revealing that one of Microsoft subsidiaries in Russia plans to file for bankruptcy. Soon after Russia’s illegal invasion of Ukraine in February 2022,…
Debt-ridden gambler Said Teqja transported tens of thousands of pounds worth of cannabis to pay off the money he owed. The 29-year-old – an Albanian national – racked up £22,000 worth of debts with loan sharks which he was unable to pay. Stoke-on-Trent Crown Court he and his family were threatened so he agreed to…
Uetersen-based Feldmuehle GmbH, a German manufacturer specializing in coated label papers and flexible packaging papers, has filed for insolvency under self-administration as it seeks to restructure and stabilize its operations. Feldmuehle submitted a petition to the local court in Pinneberg to initiate insolvency proceedings in self-administration on 27 May. The court has since approved the…
SDAI Limited Reports No New Developments in Subsidiary Liquidation TipRanks Read the original article here
The struggle for democracy persists as we come into the second half of 2023. As the year progresses, we face lies, corruption, and violence. And so the fight for America will continue as Senate Republicans strive to prevent Democrats from passing even the most popular measures under Biden’s presidency. While prices skyrocket across the country…
Africa Unites Behind Pact for Sustainable Debt Management African Development Bank Group Read the original article here