Women’s specialty chain Francesca’s is preparing to shut down. According to one source, the retailer’s merchants were “let go yesterday with no warning.” And one of the chain’s former buyers indicated that Francesca’s intends to liquidate all goods. When contacted for comment, a customer service representative wrote in an email on Thursday that “we are…
Jonathan Waldron, 44, was declared bankrupt in October 2021, meaning he could not legally be at the helm of any of the companies. But he was found to have continued to operate despite restrictions as director of four companies, including Selective Environmental Solutions Limited, based at Eldon Brickworks near Bishop Auckland. Waldron, of Winton near…
Airlines that filed for bankruptcy or shut down in the first three weeks of 2026 include charter and cargo airline Royal Air Philippines, Indian charter carrier Dove Airlines, Swedish airline H-Bird, and U.S. charter carrier Tailwind Air. Similar problems of not being able to bring in the necessary traffic on highly competitive routes plagued all…
Industry Court filings formalise Gravaa’s collapse, while a leaked email explains some of the challenges that led to its demise. Gravaa, the Dutch company behind the KAPS adjustable tyre pressure system, has been declared bankrupt in the Netherlands, according to court records published this week, with a liquidator now appointed to… Read the original article…
In theory, it would present a huge opportunity for consumers to rid themselves of crippling debt, especially those who can least afford high interest rates. But such a cap would undoubtedly require an act of Congress, where various bills, including bipartisan ones, have long languished. So I would be surprised if it happens. It wasn’t…
The Supreme Court has held that the National Company Law Tribunal (NCLT), while exercising jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), cannot adjudicate disputed questions of title to intellectual property if such determination goes beyond the scope of the approved resolution plan. The Court held that NCLT cannot decide title disputes…
The Russian judiciary has confiscated the cryptocurrency of a father of two who failed to pay well over a million rubles in child support to his former spouse. News of the case, which is a first of its kind, comes after Russia’s constitutional court reaffirmed the property status of digital assets under current law. Russian…
NEW DELHI: Indian investigators say a once-prominent textile and infrastructure company was hollowed out from within, its books manipulated and assets diverted as lenders watched their exposure collapse. At the center of the case is a former promoter now in custody, accused of orchestrating a complex web of shell companies and forged transactions in…
R3 North East warns businesses owners to stay vigilant as corporate insolvency levels remain high northumberlandgazette.co.uk Read the original article here
FGIL was admitted into CIRP in August 2018 on an application filed by a former employee. During the resolution process, Gloster Limited emerged as the successful resolution applicant, with its plan receiving over 72% approval from the committee of creditors. However, during the pendency of the plan approval, Gloster Cables Limited filed an application under…