he government has pledged to assist the more than 10,000 workers of textile giant PT Sri Rejeki Isman (Sritex) who are without a job after the company ceased operations on Saturday. The layoffs were conducted in phases after Sritex declared bankruptcy in October of last year. Friday of last week was the final day of…
Sweepstakes company Publishers Clearing House goes bankrupt Reuters Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
By Yun Park · April 30, 2025, 5:23 PM EDT A team of lawyers from Pashman Stein Walder Hayden PC is leading the bankruptcy case of Creativemass, the developer of a wealth management software app, as the business looks to wind down… To view the full article, register now. Read the original article here
CustomCells Files for Insolvency Proceedings for Key Operating Entities Insolvency of major customer Lilium has significant impact Business operations to continue / Employee salaries secured through June 2025 Investor process to be relaunched Kiel / Itzehoe / Tübingen, April 30, 2025 – German battery pioneer CustomCells has filed for insolvency proceedings for the group’s key operating…
Another Canadian retailer has sought creditor protection amid financial struggles. Hakim Optical, a large eyewear and optical chain with more than 140 stores across Canada, is the latest company to file for creditor protection under the Bankruptcy and Insolvency Act. But the stores may remain open. The company filed a Notice of Intention to Make…
The German battery cell manufacturer CustomCells has filed for insolvency proceedings to be opened for the Group’s main operating companies in Itzehoe and Tübingen. The holding company of the CustomCells Group is not affected by the insolvency application at this time. The background to the financial difficulties at CustomCells is the insolvency of the aviation…
Business owners are encouraged to carefully assess and conduct due diligence on prospective business partners before entering agreements. Small businesses can protect themselves by verifying financial health, checking for insolvency or identifying outstanding debts. Essential checks to protect your business before signing agreements Entering a new business relationship always involves some level of risk, but…
The construction industry was the worst hit sector for insolvencies over the past year, newly released official figures show. Data from the Insolvency Service show insolvencies in the sector reached their highest level for seven months in February. There were 367 insolvencies in the month, the highest number since June 2024, when there were 400.…
BTCMining Limited operated a cryptoasset mining business, but customers say they took payments for services they did not receive. Insolvency Service investigation was the result of complaints made to Action Fraud from people as far away as New Zealand. The company was subject to a winding up hearing at the High Court in Manchester on…