The trio, involved in Singapore’s largest Ponzi scheme, are unable to repay S$26.6 million in clawbacks [SINGAPORE] Three former employees of the Envy group of companies – at the heart of the S$1.5 billion nickel-trading Ponzi scheme that Ng Yu Zhi allegedly perpetrated – have been declared bankrupt after having been ordered by court to…
Paddy McKillen Jr tells court he has just €270 in his bank account as debts of €27.8m revealed Irish Independent Read the original article here
Alejandro Marx’ nightmare began in 2019, when he decided to buy an off-plan (VEFA) flat in the “L’Adresse” residential complex in Esch-sur-Alzette. At the time, he was told his unit would be ready for handover in the autumn of 2021. There had been no reason for him to be suspicious. The Luxembourg property market was…
Tax-evading director who gained $1.9m as company failed now bankrupt and imprisoned The Press Read the original article here
Key takeaway A foreign registered company in Australia may become subject to competing insolvency processes when creditors initiate a winding up in Australia as well as insolvency proceedings in the company’s place of incorporation. This can raise complex issues of comity, recognition, assistance, the authority of the company’s directors to contest the relevant insolvency filings…
Omega Therapeutics stock is now associated with a post-effective-date liquidation under a plan that became effective on August 8, 2025. The case remains active for claims administration, with a November 2, 2026 deadline providing the clearest dated checkpoint for the company. Liquidation plan took effect According to ElevenFlo, the plan was confirmed on July 31,…
Brightline reworks debt in bankruptcy court but its high-speed trains will keep running in Florida local10.com Read the original article here
Brightline reaches restructuring deal that will give it $490M in new capital, help lower debt local10.com Read the original article here
VXL Instruments to close trading window from Oct 1 for Q2FY27 results scanx.trade Read the original article here
Customers said orders weren’t delivered or were delayed or of poor quality and they couldn’t get refunds. Funnyfuzzy Tech UK Co., Ltd was wound up by the High Court on 22 September 2026. The Insolvency Service previously shut down another company Funnyfuzzy UK Co., Ltd. in 2024 which had traded in the same manner through…