A big Hardee’s franchisee in the Midwest has filed for bankruptcy amid an apparent dispute over seller financing from its 2023 acquisition of the restaurants, according to court filings. Superior Star LLC, a Phoenix-based operator, declared Chapter 11 bankruptcy on Thursday. The company has between $10 million and $50 million in both assets and liabilities,…
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Fewer businesses went bankrupt in June than a year earlier DutchNews.nl Read the original article here
Small business insolvencies are expected to worsen as Labor’s changes to negative gearing and capital gains tax slow the economy and eventually hit bigger corporations, a leading insolvency expert fears. The Reserve Bank of Australia’s three interest rate rises this year have already worsened the rate of companies going into external administration for the first…
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REVEALED: Latest business liquidations in Moreton Bay The Courier Mail Read the original article here
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The recovery signal that isn’t New Zealand’s personal insolvency numbers are falling, and on paper that reads like good news. Formal proceedings have dropped from more than 3,000 a year in 2017/18 to fewer than 1,500 in 2024/25, covering bankruptcy, no asset procedures and debt repayment orders administered by the Official Assignee. But a falling…
A Mexico City district court has formally placed broadcaster TV Azteca under commercial bankruptcy protection after the company defaulted on payment obligations totaling MX$23.345 billion. The ruling grants a one-year conciliation period to negotiate a debt restructuring, temporarily halting asset seizures and the enforcement of most pre-petition liabilities to preserve operations. The case has significant…