Administrators have been appointed after former Socceroos captain Lucas Neill was declared bankrupt in the UK. Neill, who is believed to have earned about $40 million playing in England for 15 years, was declared bankrupt in January. London-based Insolvency experts Begbies Traynor were appointed trustees to the bankruptcy last week. “Mr Neill is due to…
When a publicly listed company ceases operations and goes into liquidation, the company’s shareholders may be entitled to a portion of the assets, depending on the type of shares they hold. However, the stock itself is usually worthless. The owners of common stock shares are last in line for a share of the firm’s liquidated assets, so…
NEWS » Business » Armenian deputy Tigran Stepanyan declared bankrupt based upon plea of VTB Bank (Armenia) In compliance with the order by Armenia’s Court of Cassation from May 29, 2013, Tigran Stepanyan, the deputy of Armenian Parliament from Prosperous Armenia party, is declared bankrupt, VTB Bank (Armenia) reported Thursday. YEREVAN, July 11./ARKA/. In compliance…
KTM’s MotoGP Team is Reportedly Safe for 2025 Amid Parent Company’s Bankruptcy and Restructuring Road & Track Read the original article here
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
There’s a classic scene in the movie The Naked Gun that reminds me of KTM’s current predicament, and accurately sums up my feelings toward the Austrian manufacturer. It shows the film’s lead, Leslie Nielsen, right after chasing the film’s bad guy and watching him careen into a fuel tanker. He’s followed by an ICBM, then followed…
The insolvency proceedings of KTM AG reached an important milestone with the holding of the first meeting of creditors on Friday. The meeting provided an opportunity to take stock of the company’s situation and to define the next steps in the restructuring. Today was the big day for KTM AG at the regional court in…
Highlights The National Company Law Tribunal in Kolkata has admitted an insolvency petition filed by Union Bank of India against Solapur Tollways Private Limited under the Insolvency and Bankruptcy Code, 2016. The insolvency claim amounts to ₹ 195,55,15,022/-, which includes a principal default amount of ₹ 184,23,36,839/- and an interest default amount of ₹ 11,31,78,183/-.…
Download CSVShow datatable Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days 2020 July 227 2020 August 195 2020 September 212 2020 October 190 2020 November 210 2020 December 174 2021 January 172 2021 February 143 2021 March 165 2021 April 193 2021 May 163 2021 June 139 2021…
After months of teetering on the edge of collapse, Fisker has finally filed for bankruptcy. The American electric car start-up led by car designer Henrik Fisker stopped production of its only model, the Ocean, in March when it revealed that extra funding would be required to continue operations. Fisker’s operating arm, the Fisker Group, officially…