Liberated Brands, the operator behind Quiksilver, Billabong, and Volcom, filed for Chapter 11 bankruptcy in February 2025, leading to the closure of all 124 U.S. retail stores and the layoff of approximately 1,400 employees. The move follows years of financial pressure exacerbated by the rise of fast fashion, declining discretionary spending, and shifting consumer behavior.…
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
Embattled edtech firm Byju’s parent Think & Learn appeared close to coming out of its insolvency proceedings on November 18 when the Board of Control for Cricket in India (BCCI) requested the National Company Law Tribunal (NCLT) to consider its application to withdraw its plea against the firm. However, the matter extended further when on…
BC.Game responds after reports that company was declared bankrupt Gambling Insider Read the original article here
Former glamour model Katie Price is to have one of her two bankruptcies discharged following a hearing at a specialist court in London. The 46-year-old was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019. Bankruptcy orders typically end after…
Telefónica’s Peruvian unit has filed to begin voluntary insolvency proceedings. The carrier, a subsidiary of Spanish telco Telefónica, kicked off the insolvency process late last week after failing to find a buyer. According to a regulatory filing, the process will take place in Peru and aims to help the company restructure its finances and operations…
IBC Weekly Round-Up [10th February -16th February 2025] Live Law – Indian Legal News Read the original article here
Tearidge Limited trades as Manguard Plus in NI and employed an average of 116 people in 2022 Tearidge Limited trades as Manguard Plus in Northern Ireland and employed an average of 116 people in 2022, according to its most recently published set of financial results. The business had a revenue of over £3.96m in 2022.…
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Yogesh Khanna (Judicial Member) and Mr. Arun Baroka (Technical Member) have held that non-registration of “charge” in terms of Section 77 of Companies Act, 2013 is not a sine qua non for a Creditor to be treated as a “Secured Creditor” under section…
Filing for bankruptcy carries a heavy stigma, but when individuals can’t settle their liabilities it can be the only option. Disastrous risk-taking, dodgy dealing, runaway spending, a hefty tax bill, or just plain bad luck can propel a person into financial hell – and the richer they are, the harder they fall. Read on to discover 27 prominent…