Administrators believe a one-time local success story — Face Halo — can be revived, after the make-up removal business went under earlier this month. Face Halo, which was founded by Perth’s Lizzy and Damien Pike, was voluntarily placed into the hands of administrators from WA Insolvency Solutions. Read the original article here
Robert Bull, the owner of beleaguered caravan giant RoyaleLife that is facing £725 million ($916 million) in debt, was declared bankrupt by an English court on Friday. It’s a stunning reversal for a man who, just seven months ago, was said to have a wealth of £1.9 billion and was the second-highest ranking new entry…
Positive thinking wasn’t enough to help Chicken Soup for the Soul Entertainment escape a pile of unpaid bills. The publisher of uplifting books, TV, movie and online video content, which also owns DVD rental operator Redbox, on Friday filed for Chapter 11 bankruptcy protection in Delaware court after racking up nearly $1 billion in debt.…
Air Vanuatu liquidation exposes insurance coverage gaps | Insurance Business Australia Travel … Read the original article here
This vertical farming company raised $500m, and then it all but disappeared Sifted Read the original article here
E-bike manufacturer Timyo declared bankrupt as new entity emerges Bike Europe Read the original article here
A building company has collapsed as liquidators investigate the transferral of hundreds of thousands of dollars of company funds to two employees. Last week, Alurt Construction Services, based on the NSW mid-north coast near Coffs Harbour, plunged into liquidation. The company’s initial estimated debt of around $100,000 has exploded to more than $2 million, although…
This article was updated on March 8, 2024 The exit from bankruptcy of Derek Quinlan, the boom-time property investor, has been delayed after a move by his trustee to suspend his discharge. Quinlan, 76, who once owned trophy homes in New York, Mayfair in London and Saint-Jean-Cap-Ferrat on the French Riveria, was due an automatic…
Bay Area tech startup Moxion goes bankrupt, faces lawsuit over layoffs SFGATE Read the original article here
The administrators appointed to defunct airline Bonza say the company may have sold tickets for flights for more than a month after it became insolvent and recommended the corporate regulator investigate its directors. Hall Chadwick’s report into the failed budget carrier found Bonza may have had significant solvency and operational concerns from November and appeared…