Signa, Austria’s real-estate giant, announced on Wednesday that it plans to file for insolvency, following its German subsidiary, which also took the step recently. The holding company will apply for the opening of reorganization proceedings with self-administration at the Vienna Commercial Court on Thursday, it said. “Despite considerable efforts in recent weeks, the necessary liquidity for an…
The court in Maastricht has declared the commercial general practitioner chain Co-Med bankrupt. The bankruptcy specifically affects Co-Med’s Zorg BV, from which it manages its family doctor practices. The holding company has not been declared bankrupt, NOS reports. On Sunday, the chain announced it was going to file for bankruptcy this week. Last week, the…
In short: More retailers are going out of business as consumers shut their wallets in response to elevated interest rates and the higher cost of living. Data from ASIC shows insolvencies in the retail sector have more than doubled in the past two years. What’s next? The National Retail Association is pushing for support for small and medium-sized…
People and companies go bankrupt every so often—but in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by £23 million ($29 million) in the 2023-24 financial year. This means a…
Bruce Lehrmann could be declared bankrupt if Channel Ten and Lisa Wilkinson pursue him for legal costs and he can’t pay up. A fresh round of legal action could also unearth if any secret backers have ever paid his legal bills. Legal sources have told news.com.au that the combined costs of Lisa Wilkinson and her…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Europe’s Signa toppled in property rout Reuters Read the original article here
Eilat Port declares bankruptcy: What awaits the Occupying state? Middle East Monitor Read the original article here
The Supreme Court of Victoria has ordered the liquidation of Bardee, a deep tech start-up backed by Australia’s largest venture capital fund, Blackbird Ventures. A Melbourne storage company, backed by the Victorian State Revenue Office, last week petitioned the court to wind up Bardee’s registered company, Beyond AG, to recoup unpaid bills, and the court…
People and companies go bankrupt every so often—but in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by £23 million ($29 million) in the 2023-24 financial year. This means a…