If you’ve driven past a Salad and Go this week and noticed the line wrapped around the building, you’re not imagining things. People are showing up for one last bowl before it’s gone for good. The Phoenix-based drive-thru chain announced this week that it has filed for Chapter 11 bankruptcy protection and will permanently shut…
Key Facts: GT Advisory & Consulting, a Gold Coast-based insolvency and restructuring practice founded by Glenn O’Kearney in May 2016, is celebrating its 10th anniversary this month. To mark the milestone, the firm has released its FY2026 insolvency activity overview, noting that ASIC recorded 12,819 corporate insolvency appointments nationally for the year to 31 May…
Insolvency practitioners say there’s been ‘interest’ in assets of collapsed Merrie England coffee shops chain Huddersfield Hub Read the original article here
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has called for improved mechanisms that will allow banks to provide financing to distressed but viable companies without compromising credit discipline. Dr Asiama said businesses facing financial difficulties should not automatically be treated as failures, arguing that some companies could recover if they receive…
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
On 27 July 2026, the UK Supreme Court held unanimously in Drelle v Servis-Terminal LLC [2026] UKSC 29 that an unrecognised and unregistrable foreign judgment for a debt or definite sum of money can constitute a “debt” for the purposes of section 267 of the Insolvency Act 1986, so that a creditor can present a…
85-year-old distiller escapes partner bankruptcy just in time thestreet.com Read the original article here
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
The bankruptcy case was initiated by electronics retailer DNS, which claimed the company owed more than 600 million rubles (about $7.6 million). Another 24 creditors later joined the proceedings. The total claims against Kvant reached nearly 4.15 billion rubles (about $53 million). Major creditors include entities affiliated with Yandex and Sberbank, as well as Sitronics…