(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government…
Publicity blamed as businessman made bankrupt over unpaid $400k The Press Read the original article here
Zedify, the UK’s largest electric freight bike delivery network, has gone into administration, resulting in the loss of over 100 jobs. Zedify, founded in 2015, provides zero-emission last-mile logistics services to businesses such as high-street stores, package carriers, and independent businesses. The investment came after Zedify received a £5 million funding round in March 2023…
Debts left behind by Nordis insolvency: 729 million lei – The Romania Journal Home BUSINESS Debts left behind by Nordis insolvency: 729 million lei Read the original article here
The number of people going financially insolvent in England and Wales last year was 14% higher than in 2023, driven by debt relief orders (DROs) jumping to a record high, according to the Insolvency Service. Some 117,947 personal insolvencies were registered in 2024, 14% higher than the 103,434 recorded in 2023. Within the total, there…
Learn more about the corporate insolvency framework if uncertain about your financial future As our Momentum survey reveals, many small businesses are doing it tough. If you are facing financial distress, you should seek professional advice. Seeking advice early could give you access to more pathways to turn your business around, such as by negotiating…
Make your business immune to supply chain contagion The Scotsman Read the original article here
Breadcrumb Trail Links Finance Investor Weiss Multi-Strategy Advisers LLC’s collapse leaves some staff standing to lose more than US$1 million in deferred compensation Author of the article: Bloomberg News Hema Parmar Published May 22, 2024 • Last updated May 22, 2024 • 7 minute read You can save this article by registering for free here.…
When one of China’s once-popular electric vehicle startups went bust, car owners encountered an unexpected problem: Their vehicles went “offline.” Richard Qian didn’t know what to expect when he heard that WM Motor, a Shanghai-based EV maker popular for its low prices, filed for bankruptcy in October 2023. He tried to drive his compact EX5…
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors MSN Read the original article here