A Galliano-based company has filed for Chapter 11 bankruptcy this week. Crosby Tugs LLC, of Galliano, announced bankruptcy filings for three of its subsidiaries: Crosby Marine Transportation LLC, Crosby Tugs LLC and Crosby Dredging LLC. Papers were filed Thursday in the U.S. Bankruptcy… Read the original article here
In this week’s Material Insights, Frank Esposito reports that polystyrene is joining PVC and several engineering thermoplastics all moving higher to start 2026. He links the increases to seasonal construction demand, inventory building and higher feedstock costs, while noting a pricing turnaround for nylon after earlier weakness tied to automotive demand. Read the original article…
New Delhi: Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the bill with a voice vote, while it was passed by the Lok Sabha on March 30. Replying to a short discussion on…
Punj Lloyd exits non-revenue subsidiary Sembawang Infrastructure amid insolvency process TipRanks Read the original article here
Siti Networks Discloses Loan Defaults as Insolvency Process Advances TipRanks Read the original article here
With a smaller customer base and less of a financial cushion to fall back on during tough times, many smaller regional airlines have had a particularly challenging time staying afloat in the current market. British regional carriers Eastern Airways and Blue Channels, Swedish carriers Braathens Aviation and H-Bird, and Icelandic low-cost carrier Play Airlines have…
Airline shuts down in bankruptcy, runs last flight Yahoo Finance Read the original article here
Key Facts: Research shows strong correlation between global oil prices and Australian corporate insolvencies over the past 25 years Record 14,722 insolvencies in 2024-25 primarily attributed to COVID hangover rather than oil prices Oil price projections of $90-100 USD per barrel expected to create a Multiplier Effect on existing business pressures Oil impacts business failures…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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