Maxing credit cards on travel, OOTD: Why young workers go bankrupt – New Straits Times
Maxing credit cards on travel, OOTD: Why young workers go bankrupt New Straits Times Read the original article here
Restructuring & Insolvency Comparative Guide –
To print this article, all you need is to be registered or login on Mondaq.com. 1 Legal framework 1.1 What domestic legislation governs restructuring and insolvency matters in your jurisdiction? Insolvency law in Australia is largely statute based, governed by the Corporations Act 2001 (Cth). The relevant corporate insolvency provisions are prescribed in Chapter…
Aberdeenshire couple banned over £100k debt to customers
A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. The company was struggling financially by April 2023…
Exclusive | Hudson’s Bay, Canada’s Oldest Retail Chain, Nears Bankruptcy – The Wall Street Journal
Exclusive | Hudson’s Bay, Canada’s Oldest Retail Chain, Nears Bankruptcy The Wall Street Journal Read the original article here
Restructuring & Insolvency | RPC
Published on 14 January 2025 Written by Will Beck Key developments in 2024 2024 has seen one of the most significant insolvency cases in recent years. In June, Justice Leech handed down his judgment on the claim brought by the liquidators of BHS against certain of its former directors for wrongful trading and misfeasance. This…
INSOLVENCY NOTICES: Winding Up Petitions – February 2025 – Credit Connect
INSOLVENCY NOTICES: Winding Up Petitions – February 2025 Credit Connect Read the original article here
Volocopter finds potential investor with Diamond Aircraft
According to the German business publication Wirtschaftswoche, the Austrian aircraft manufacturer Diamond Aircraft is taking over the insolvent company from Bruchsal. Diamond is owned by the Chinese automotive supplier Wanfeng. According to the report, the Austrian company primarily does business with motorised gliders and small aircraft for the private market but also has ambitions in…
Dan Bilzerian-owned company went bankrupt, ordered into liquidation process
When Dan Bilzerian posted a video of himself wake surfing off a megayacht along Italy’s Amalfi Coast, he offered some guidance. “Someone asked me the other day what advice I’d give to a 20 yr old and my answer was, try everything,” the Las Vegas social-media celebrity wrote last year. A few months later, behind…
Volocopter lays off staff as insolvency looms
Electric air mobility start-up Volocopter has made the majority of its workforce redundant. The Baden-Württemberg-based company began insolvency proceedings in late December 2024, but the company’s management at the time were confident of finding new investors. READ: Volocopter files for insolvency, Investors sought Unfortunately, time and money has run out. German media has reported that 450…
ATS Infrabuild to undergo insolvency process for Rs 5-crore default
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition filed by IDBI Trusteeship Services Private Limited against ATS Infrabuild Private Limited for a default of Rs. 5 crore. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Background of the Case IDBI Trusteeship, acting…