An 'extreme value retail chain' with 92 stores goes bankrupt after slate of bargain shop closures – MSN
An ‘extreme value retail chain’ with 92 stores goes bankrupt after slate of bargain shop closures MSN Read the original article here
Firms which took deposits but didn’t fit kitchens shut down after phoenix concerns
A group of linked kitchen design and fitting companies based in Manchester have been shut down after taking upfront payments from more than 20 customers for products they did not provide. Smart Choice Kitchens Limited, Empire Kitchens and Bathrooms Limited, and Connect Kitchens Limited, were all wound-up at a hearing of the High Court in…
Insolvency appointments January 25 to February 7 2025 – Business News
Insolvency appointments January 25 to February 7 2025 Business News Read the original article here
IBBI streamlines corporate insolvency resolution process
On 3-2-2025, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The provisions came into force on 3-2-2025. Key Points: Regulation 4-E has…
‘Glib huckster’: Bankrupt builder faces jail, owing more than $6 million – The Post
‘Glib huckster’: Bankrupt builder faces jail, owing more than $6 million The Post Read the original article here
Halifax real estate developer’s death leaves a trail of unfinished business
Open this photo in gallery: Halifax Harbour in Halifax on Wednesday evening, Feb. 28, 2018.Darren Calabrese/For The Globe and Mail A contentious insolvency involving the heavily indebted estate of a deceased property developer from the Halifax area has put the future of some of the city’s prized heritage properties in doubt. Five businesses connected to…
Is This 460-unit Chain The Next Fashion Retailer To Go Bankrupt?
The massively oversized stores were always the stranglehold in Forever 21‘s operations. Five years after the fast-fashion chain’s first Chapter 11 filing, the retail outposts remain a key stumbling block. Forever 21 filed its first Chapter 11 petition in September 2019. The brand management firm Authentic Brands Group subsequently acquired the business, partnering with mall…
Rod Culleton secures extension of bankruptcy case stay
Former One Nation senator Rod Culleton has secured a one week extension of a bankruptcy case, which has forced him to lose his seat in Federal Parliament. Key points: Senate President declares Rod Culleton’s seat vacant Culleton claims stay means he’s not officially bankrupt, continues to act as senator He threatens legal action against some…
Red Lobster chain goes bankrupt after unlimited shrimp deal
Article content Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labour costs and a disastrous unlimited shrimp promotion. Article content The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of US$1 billion to US$10 billion each in its bankruptcy petition. The filing allows the…
Reliance Communications Reports Q3 Financial Results Amidst Insolvency Proceedings – TipRanks
Reliance Communications Reports Q3 Financial Results Amidst Insolvency Proceedings TipRanks Read the original article here