A pair of apartment complexes in the North Aurora neighborhood, one of which was briefly overseen by a receiver last year, have filed for bankruptcy. Each of the buildings, at 1592 Boston St. and 1960 Dallas St., a half mile apart, has 32 units. They’re both owned by LLCs managed by Shaul Gabbay, according to…
The number of large corporate bankruptcies reached a new negative record in 2025. Worldwide, 475 companies with annual revenue of more than €50 million filed for insolvency—according to Allianz Trade’s analysis, this corresponds to an increase of 1% compared with 2024 (469 cases). Statistically, that meant every 18 hours a large company became insolvent. Germany…
PDUNASS Conducts Half-Day Workshop on Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 PIB Read the original article here
The Financial Deep Dive (Delayed) Arshiya Limited has officially informed exchanges about a significant delay in the submission of its Un-Audited Standalone & Consolidated Financial Results for the 3rd Quarter and nine months ended December 31, 2025. This delay is directly attributable to the company’s ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and…
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Independent professionals will run vodka maker Stoli’s US entities following a settlement with Fifth Third Bank. The move keeps the door open for restructuring rather than asset sales. A Texas bankruptcy judge has ordered separate trustees to take the helm at Stoli USA and Kentucky Owl, bringing independent management to the vodka brand’s beleaguered American…
Till debt do us part: 78% of Americans say a partner with debt is a dating dealbreaker New study from Achieve shows short-term debt plays a defining role in who Americans are willing to date SAN MATEO, Calif., Feb. 12, 2026 While the search for a soulmate often focuses on chemistry and shared interests, a…
New study from Achieve shows short-term debt plays a defining role in who Americans are willing to date SAN MATEO, Calif., Feb. 12, 2026 While the search for a soulmate often focuses on chemistry and shared interests, a prospective partner’s balance sheet plays a pivotal role in romantic compatibility. Over three-quarters of Americans (78%) are…
Tongaat Hulett, a 134 year-old South African sugar maker, is on the brink of collapse again as its administrators prepare to place the firm into bankruptcy, according to people with knowledge of the matter. The company’s strategic partners — Vision Group and the Industrial Development Corporation — have been in negotiations to secure funding but…
The Financial Deep Dive BIL Vyapar Limited, formerly known as Binani Industries Limited, has officially commenced its Corporate Insolvency Resolution Process (CIRP) by publishing Form G, a crucial invitation for Expressions of Interest (EOI). This development, overseen by Interim Resolution Professional (IRP) Mr. Subodh Kumar Agrawal appointed by the National Company Law Tribunal (NCLT), signals…