Hamburg-based Closed GmbH has filed for insolvency. The brand filed the application with the relevant district court in Hamburg on Tuesday. Stefan Denkhaus, a lawyer from the BRL law firm, has been appointed as the provisional insolvency administrator. The insolvency was necessary due to excessive debt and the associated financing costs. Operationally, the company, with…
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A businessman who sold seven classic cars for just £1 to another company he controlled has been banned from being a director for six years. Kulbarg Singh, 62, was director of Aldridge Construction Engineering Ltd when he sold all the company assets to Ace Earth Solutions Ltd, of which he was also a director, in…
An Indian-origin businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces, for just GBP 1 to another company he controlled has been disqualified from holding a company directorship for six years following an investigation by the UK’s Insolvency Service. Kulbarg Singh from Staffordshire in the West Midlands region of England was the…
Winston-Salem church launches latest medical debt relief fund-raising campaign Greensboro News and Record Read the original article here
Issue of Debt Business Wire Read the original article here
A businessman who sold seven classic cars for just £1 to another company he controlled has been banned from being a director for six years. Kulbarg Singh, 62, was director of Aldridge Construction Engineering Ltd when he sold all the company assets to Ace Earth Solutions Ltd, of which he was also a director, in…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday barred the interim resolution professional (IRP) of bankrupt Gensol Engineering Ltd from leasing out 152 electric vehicles (EVs), following a plea by SMAS Auto Leasing India Pvt. Ltd, which had originally leased the vehicles to Gensol before it entered insolvency. The order came after…
Start-ups and insolvencies both on the rise in Yorkshire and Humber Rotherham Advertiser Read the original article here
Yorkshire and Humber sees second consecutive rise in business start-ups – but insolvency-related activity also climbs Doncaster Free Press Read the original article here