Fatburger owner Fat Brands received court approval for its liquidation plan. | Photo: Shutterstock. In the end, the Fat Brands bankruptcy process didn’t take that long after all. A U.S. bankruptcy court gave the go-ahead for the company’s liquidation plan, signaling the beginning of the end of a case that had started with a rash…
NAIROBI, Kenya, July 28 – Kenya’s corporate insolvency landscape has received a major boost following the launch of Corporate Insolvency Law, the country’s first comprehensive publication dedicated exclusively to corporate insolvency law and practice. Authored by seasoned insolvency practitioner Sammy Ndolo, the landmark publication fills a long-standing gap by providing an authoritative yet practical guide…
22-year-old travel company in bankruptcy, to liquidate thestreet.com Read the original article here
Leading Edge Group, the parent company of Leading Edge Group Jewellers, has collapsed into voluntary administration after failing to meet debt obligations, with liabilities exceeding $28 million. Henry McKenna from Vincents has reportedly been appointed as the administrator, halting trading while managing operations and debts owed to creditors and suppliers. The company issued a…
KIMBERLEY – In a landmark ruling for the Northern Cape mining sector, the High Court in Kimberley has ordered that Ekapa Minerals (Pty) Ltd be placed under supervision and business rescue, effectively halting the immediate liquidation and total closure of the diamond operation. The company was placed under provisional liquidation in March following a catastrophic…
A popular Australian activewear retailer has collapsed owing $1.7m to 13,000 Australians, new documents have revealed. Activewear brand Stax collapsed in June and entered voluntary administration on July 10, with Brian Silvia and Michael Hird of Cascap Advisory as joint liquidators. New documents have revealed Stax owes $1,713,986 owed to 12,927 customers, made up of…
Stax’s total liabilities have more than doubled according to a new report by the liquidators at Cascap Advisory, which reveals a collection of secured creditors being owed millions, including a major bank and a fintech lender. The Australian activewear brand initially fell into receivership in late June after downsizing operations post-COVID. The business then entered…
Questions over the cost and conduct of the Macquarie Greek Studies Foundation’s voluntary administration dominated a tense Annual General Meeting (AGM) on Monday, July 27, as members repeatedly challenged the Deed Administrator before ultimately voting down two key governance reforms. Held under the Foundation’s Deed of Company Arrangement (DOCA), the meeting attracted around 13 members…
New audio sheds light on Ohtani ex-interpreter’s gambling scandal ESPN Read the original article here
Shohei Ohtani‘s former interpreter initially told a reporter that the Los Angeles Dodgers slugger had agreed to cover his massive gambling debt but reversed course less than 24 hours later, according to a newly released audio recording. The interview, which federal authorities later said “created an international incident,” is featured in “The Betrayal of Shohei…