Tec Partners enters administration owing creditors £4.5 million

Tec Partners, a recruitment firm with offices in Norwich, is owned by Christopher Beech, Leigh Howard and Paul Kitley, and specialises in the technology, science, gaming and engineering sectors. The firm’s holding company, the Tec Recruitment Group Limited, and its subsidiaries, Tec Partners Limited and Tec Partners (South East) Limited, all appointed administrators on May…

Seattle Schools Could Go Bankrupt in 10 Months?!

That’s Seattle Public Schools Superintendent Ben Shuldiner being honest about an $87 million deficit — and a 10-month clock that’s already ticking. If the district can’t close the gap, they’ll have to borrow from the state. And that means Seattle essentially loses control of its own schools. Read the original article here

EXEC: Sympatex Acquired Out of Insolvency Proceedings

Sympatex Technologies, the German manufacturer of membranes, laminates and textiles used in outdoor apparel and footwear, is being acquired by Italian textile supplier Pidigi S.p.A. The sale comes as Sympatex filed for insolvency at the Munich Local Court in Germany on January 22. The acquisition is scheduled to be effective on June 1. Pidigi, based…

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NZ rugby great Andrew Mehrtens facing bankruptcy application

A former Crusaders and All Blacks great is the subject of a bankruptcy application.  Stuff reported the application to have Andrew Philip Mehrtens adjudicated bankrupt was called in the High Court at Christchurch last Thursday. The application was made by law firm Saunders Robinson Brown. Appearances were excused by Associate Judge Dale Lester, who adjourned…

Seattle Schools Could Go Bankrupt in 10 Months?!

Seattle Public Schools is staring down an $87 million deficit — and Superintendent Ben Shuldiner isn’t sugarcoating it. “We’re still bankrupt.” If the district can’t close the gap in the next 10 months, they’ll be forced to borrow from the state. And when that happens, Seattle essentially hands over the keys to its own school…