Dozens of Utahns are set to have their debt cancelled and get a check in the mail after a national auto loan company agreed to settle claims that it exploited borrowers with low credit scores. Utah and 39 other states reached the roughly $700 million settlement in September with the Michigan-based Credit Acceptance Corporation. The…
SINGAPORE – Crystal Jade’s holding companies in Singapore and Hong Kong have been placed under receivership – but what does that mean? There has been a slew of recent news about distressed companies, ranging from those under receiverships to those that face liquidation. The different circumstances a distressed company finds itself in also affect employees…
REVEALED: Liquidator appointments for businesses in the Mornington Peninsula council area for October 1 Herald Sun Read the original article here
The Supreme Court of Victoria has set aside a winding-up order on the basis that a company has proved solvency, and ordered the company to pay the plaintiff for “wasted costs”. A trustee has lost its bid to wind up a company after the court found that it had proved solvency with an excess of…
The Tel Aviv District Court this week declared OpenWeb insolvent and ordered the appointment of a temporary receiver following a request from Mars Growth Capital, part of Liquidity Group, according to the Israeli business publication Globes. Mars is seeking to enforce liens on OpenWeb’s assets over roughly $20 million in outstanding debt, Globes reported. The…
OpenWeb, the advertising technology firm once valued at $1.5 billion, has entered insolvency proceedings in Israel. It’s the latest turn in a dramatic reversal of fortune for a company that raised hundreds of millions of dollars and has worked with hundreds of premium publishers. The Tel Aviv District Court this week declared OpenWeb insolvent and…
Volume of Insolvency Filings In 2025, a total of 145,297 insolvencies under the Bankruptcy and Insolvency Act (BIA) were filed with the Office of the Superintendent of Bankruptcy (OSB). This represents a 1.3% increase from 2024. In addition there were 70 proceedings filed under the Companies’ Creditors Arrangement Act (CCAA) and 846 receiverships. BIA Insolvencies The…
REVEALED: Liquidator appointments for businesses in the Hawkesbury council area for September 28 The Daily Telegraph Read the original article here
SolarZero liquidators sue former directors over $476m collapse newswire.co.nz Read the original article here
REVEALED: Liquidator appointments for businesses in the Inner West council area for September 28 The Daily Telegraph Read the original article here