Germany's last major department store chain files for insolvency protection for third time – Euronews

Galeria Karstadt Kaufhof is seeking a new owner, whose real estate group has made several insolvency filings. ADVERTISEMENT Germany’s last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties. Galeria Karstadt Kaufhof, which currently runs 92 stores and employs more…

Legal considerations for construction clients amid insolvency spike – Planning, Building & Construction Today

Consultant at national law firm Roythornes Solicitors, Derryn Rolfe, explains how construction clients can prepare for all eventualities as insolvency remains rife across the industry Construction company failures in September 2023 were 40% higher than in September 2022; administrations were 54% up this year on the same period last year, and the industry press has…

The hellish consequences of being bankrupted like the subpostmasters… and what to do if it happens to you – This is Money

The consequences of bankruptcy can be devastating, as the Post Office scandal has laid bare.  As dramatised in the ITV hit Mr Bates vs the Post Office, several former Post Office workers were forced to go bankrupt after they struggled to cover the fictional financial losses out of their own pocket or fight in court…

What does it mean when a council declares bankruptcy? – The New Statesman

Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news that Middlesbrough council needs emergency financial help to avoid bankruptcy. Today Nottingham City Council declared bankruptcy, becoming the latest local authority to issue…

Insolvency Code this is the impact of the SC settlement on personal insolvency of corporate guarantors – CNBCTV18

The much-awaited approval from the top Constitutional Court in India was finally here, paving path for financial creditors to relay back on the fast-paced bad debts resolution track laid by the government’s masterstroke law the Insolvency and Bankruptcy Code. The Supreme Court of India in November settled the cloud around the provisions of personal insolvency…

Germany's last major department store chain files for insolvency protection for the third time – ABC News

Germanys last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties BERLIN — Germany’s last remaining major department store chain filed for insolvency protection on Tuesday, its third filing in less than four years, after its owner ran into difficulties.…