Creditors face $1 million in losses after trailer manufacturer declares bankruptcy – SBS
Creditors face $1 million in losses after trailer manufacturer declares bankruptcy SBS Read the original article here
Holiday plans wrecked as rental company owner declares bankruptcy
The Age has spoken to half a dozen creditors listed on the debtors’ petition who were clients of the business. They claim they are owed money after they either used Marshall’s Holiday Rentals to book a holiday home and never received their deposit or bond back, or home owners who used Marshall’s to rent out…
6 major countries that went bankrupt in recent times
A state bankruptcy means the government fails to make debt and interest payments when due. Failure to pay debts owed to creditors may be accompanied by an official announcement by the government that it will not pay the outstanding debts, or it may sometimes occur without any official announcement. Nearly half of the countries of…
Commissioners brought in to help run ‘bankrupt’ council
LDRS Nottingham City Council issued a section 114 notice, declaring effectively bankruptcy, on 29 November The government has appointed commissioners to help run Nottingham City Council after the authority declared itself effectively bankrupt. Now ministers have intervened further in a bid to speed up improvements. In a statement, local government minister Simon Hoare said: “The…
Elon Musk Says Bill Gates Could Go Bankrupt Over THIS Reason
Elon Musk, CEO of Tesla and SpaceX, has hinted that Microsoft co-founder Bill Gates could go bankrupt because of his investment in Tesla stock. Musk’s tweet about this has gone viral, bringing attention back to their ongoing feud. The conflict started in 2022 when Gates reportedly lost $1.5 billion due to a short position in…
Insolvency hits company behind 42 homes at Rotorua’s Mountview Green
Last Friday, Neale Jackson and Daniel Stoneman of Calibre Partners were appointed receivers. Plans for a new home at Rotorua’s Mountview Green, as shown on social media. Initial reports on Mountview Green are yet to be issued. “The development Roto Whare owns is known as Mountview Green. It consists of two stages,” Jackson said. AdvertisementAdvertise…
Ascent Resources reports progress in JV partner insolvency claims
Ascent Resources updated the market on the insolvency proceedings of its former Slovenian joint venture partner Geoenergo on Wednesday, confirming progress in its claims to recover funds. The AIM-traded firm said a Slovenian insolvency court had approved multiple claims submitted by Ascent’s subsidiary, Ascent Slovenia (ASL), though some disputes remained unresolved. It said the court…
Company that ran Auckland festival goes into liquidation – Stuff
Company that ran Auckland festival goes into liquidation Stuff Read the original article here
Explained: Amanda Staveley’s court defeat and what it means for Newcastle United’s co-owner
Newcastle United co-owner Amanda Staveley was yesterday ordered to pay £3.4m to a Greek shipping magnate by April 22 — or he can petition the court for a bankruptcy order. Staveley, 50, who helped orchestrate the Saudi Arabia-backed consortium that purchased Newcastle United for £300m in 2021, had applied to the High Court to throw…
True Value declares bankruptcy and sells itself to hardware rival Do it Best
True Value, a 75-year-old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter 11…