Canadians are heading into the new year with tighter budgets as grocery prices rise and more people look for help managing their bills. The Credit Counselling Society (CCS) said the financial strain is showing up earlier than usual, with more households reaching out before holiday statements arrive. Canada’s Consumer Price Index rose 2.2 per cent in…
Last month, international cannabis operator Cannim collapsed, calling in administrators to sift through the company’s remaining assets and attempt to find tens of millions of dollars to satisfy its increasingly frustrated creditors. As details continue to emerge regarding Cannim’s questionable handling of finances in the run-up to its collapse, legal challenges claiming ownership of whatever…
The future of Höfner, one of guitar and bass’s oldest brands, famous for Paul McCartney’s 500/1 bass guitar, is under threat after it filed for bankruptcy protection. The Furth Local Court, in Bavaria, announced the provisional insolvency on 10 December, appointing a provisional administrator, Dr Hubert Ampfer, to secure the company’s assets. These proceedings do…
Although Regional Jet, which operated under the Xfly brand, went bankrupt in February, it still has dozens of employees and a valid maintenance certificate. In November last year, Nordic Aviation Group and its subsidiary Regional Jet filed for bankruptcy. The court declared Nordica bankrupt in January, followed by the bankruptcy ruling for Regional Jet, which…
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic. PPE Medpro, a consortium led…
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic. PPE Medpro, a consortium led…