Boris Becker ‘surprised and disappointed’ after being declared bankrupt – 9news.com.au

Former German tennis star Boris Becker said he was “surprised and disappointed” after being declared bankrupt by a court in London for failing to pay a “substantial” long-standing debt. Lawyers for the three-time former Wimbledon champion pleaded with a Bankruptcy Court registrar to allow Becker a “last chance” to pay off the debt which dates…

Solarworld: Significant staff reductions needed – evertiq.com

The preliminary insolvency administrator of SolarWorld AG, attorney at law, Horst Piepenburg, has given details about the current situation regarding preliminary insolvency proceedings. During preliminary insolvency proceedings, the company not only processed and sold existing inventory goods, but was also able to generate new business opportunities in the low double-digit million range. This allowed production…

Will Innoventive Ind see the first light of insolvency resolution? – Economic Times

MUMBAI/KOLKATA: Innoventive Industries, Indias first company to be tried under the new Insolvency and Bankruptcy Code, has failed to finalize a debt resolution plan in the stipulated six months, prompting the National Company Law Tribunal (NCLT) to extend the deadline by another three months – the maximum permissible before liquidation. If the company fails to…