Hudson’s Bay Company: Debtor Can’t be Deprived of a Right It Doesn’t Have (Yet) – McMillan LLP
Hudson’s Bay Company: Debtor Can’t be Deprived of a Right It Doesn’t Have (Yet) McMillan LLP Read the original article here
Value City Furniture to close Mishawaka store after parent company files for bankruptcy
MISHAWAKA, Ind. (WNDU) – Value City Furniture will close stores across the nation after the retailer’s parent company, American Signature Inc., filed for bankruptcy. The closures include the Mishawaka location on Grape Road near Ollie’s Bargain Outlet and Dunham’s Sports. The company said it has already started store liquidation sales and will close once the…
Check your mail: LA County is wiping out more medical debt – Long Beach Post
Check your mail: LA County is wiping out more medical debt Long Beach Post Read the original article here
Russell Kennedy Insolvency and Restructuring Insights
The Russell Kennedy Insolvency and Restructuring 2021 Wind Up With 2021 coming to an end, our Insolvency and Restructuring team round-up some of the key issues faced this year including: If you’d like to stay up to date with Russell Kennedy’s insights, please sign up here. The Abolishment…
NCLT approves ₹145.26 crore resolution plan for Indo Global Soft
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan worth ₹145.26 crore for the insolvent Indo Global Soft Solutions and Technologies Private Limited, bringing closure to a corporate insolvency resolution process (CIRP) that spanned over three years and faced multiple legal hurdles. The plan, submitted by Ashdan Properties Private Limited, a…
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Personal insolvency stats unveiled for October, September quarter
The Australian Financial Security Authority (AFSA) has revealed the personal insolvency statistics for October, highlighting a decrease from the month prior. A total of 1,116 new personal insolvencies were recorded in October, dropping to 1,116 from 1,169 in September; however, this increased from October 2024, which was measured at 1,009. You’re out of free articles…
Number of insolvencies rises, but fewer than this time last year, report shows
BWA Insolvency principal Bryan Williams said the number of insolvencies reflected an economic “game of two halves”. Photo: BWA Insolvency / supplied Insolvencies rise in third quarter, but down on year ago Failures reflect economic “game of two halves” Signs of economic improvement, but outlook bleak for weak companies Creditors finishing off companies that cannot…
Oxford Blanchford business in liquidation after 87 years
Headington-based Blanchford Building Supplies closed down earlier this year after 87 years of trading after underperformance and a cash flow issue had rendered it unable to buy essential stock. Administrators were called and revealed Blanchford, which also had sites in Bicester, Wallingford, Princes Risborough and Haddenham, had racked up debts of more than £3.3m to…
Rotorua’s QE Health in liquidation with $13m debt and 11 potential buyers
The two entities were among funders that supported the business to relocate from its original Whakaue St site to a 3000sq m $19m purpose-built facility on Hinemaru St in 2023. The estimated amount QE Health Ltd owed to unsecured creditors totalled nearly $2.3m. That number includes a $1.01m contingent liability to district health boards following…