'Unrivalled' UK clothing company collapses into liquidation after 41 years – Herald Series
‘Unrivalled’ UK clothing company collapses into liquidation after 41 years Herald Series Read the original article here
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Tongaat Hulett’s creditors face uncertainty as liquidation hearing progresses
The outcome for creditors owed money by Tongaat Hulett hung in the balance as its provisional liquidation application was heard in the Durban High Court today. This follows the collapse of its business rescue plan earlier this year. The hearing marks a decisive moment for the embattled sugar producer, which has been under business rescue…
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Getaround Plans Formal Dissolution and Liquidation Process
On April 22, 2026, Getaround’s subsidiaries agreed to sell, and effective April 30, 2026 consummated the sale of, the company’s European car-sharing business to Denmark-based GoMore ApS for approximately 31.5 million euros in cash and a non-interest-bearing promissory note, plus up to 2.3 million euros in additional tax-credit receivables. The deal includes customary indemnities tied…
Lexington announces third wave of medical debt relief
The Lexington-Fayette Urban County Council announced a third round of medical debt for more than 2,000 residents. The debt is erased in partnership with Undue Medical Debt, a nonprofit organization that erases medical debt. It eliminates debt by acquiring it from groups like hospitals and debt collectors. The debt relief efforts started with council approval…
Petrol station moguls pay $2 million to creditors after empire collapses, land contaminated
A company that owned a network of petrol stations around Australia has struck a deal to repay a fraction of its debts for environmental contamination of a site earmarked for a local hospital, after its directors were accused of selling off the company’s properties in the lead-up to its collapse. The liquidator of Zoya Investments…
Third wave of medical debt relief eliminates over $4M for Lexington residents – FOX 56 News
Third wave of medical debt relief eliminates over $4M for Lexington residents FOX 56 News Read the original article here
Major changes to insolvency law come into force
The Corporate Insolvency and Governance Act has received Royal Assent and came into force on 26 June 2020. This was published under the 2019 to 2022 Johnson Conservative government The Act is the largest change to the UK’s corporate insolvency regime in more than 20 years. It introduces new corporate restructuring tools and temporary easements…