The debts of a collapsed group of NSW businesses have blown out to almost $23 million, while other subsidiaries have quietly gone under in recent weeks. News.com.au reported in April that a western Sydney factory had closed down and all workers had been terminated on the spot. It comes after two companies linked to the…
Corporate bankruptcies in Russia rose sharply in the first two months of 2024. Russia has imposed two moratoriums on bankruptcy in recent years, both of which have now expired. High interest rates and macroeconomic instabilities are adding pressure on the private sector. Russia’s economy appears resilient after two years of war with Ukraine, but a…
Topline Red Lobster announced late Sunday it filed for bankruptcy, days after it began shuttering dozens of restaurants— after years of struggling with ownership turnover, plateauing sales and financial issues exacerbated by debt, the pandemic and an all-you-can-eat shrimp deal. The seafood restaurant chain announced it filed for Chapter 11 bankruptcy Sunday, less than a…
NCLAT Halts Insolvency Proceedings Against Coffee Day Enterprises NDTV Profit Read the original article here
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Katie Price has said she missed a court case where she was declared bankrupt for the second time due to “dealing with serious stuff.” The former glamour model…
Fall Damage’s book value will be down to zero on Fragbite’s forthcoming balance sheet Stay Informed Get Industry News In Your Inbox… Sign Up Today The board of directors of Fragbite Group has declared bankruptcy for its subsidiary Fall Damage Studio. According to the company in a release, the bankruptcy became unavoidable after the Swedish development…
In short: Administrators for collapsed airline Bonza say the company likely traded while insolvent. The company’s directors are likely to be referred to the corporate regulator for investigation. What’s next? Creditors, including 323 staff and 71,399 customers, could walk away with nothing. Administrators for collapsed airline Bonza say the company likely traded while insolvent, with…
A Milan bankruptcy court on Thursday declared the former ILVA steelworks at Taranto in Puglia insolvent, the necessary premise for the installation of special commissioner Giancarlo Quaranta to run the plant, now called Accaierie d’Italia (AdI), ahead of possible new foreign partners joining after multinational ArcelorMittal’s term ended acrimoniously. The declaration of insolvency, at…
Bradley Wiggins could lose Olympic gold medals after being declared bankrupt The Mirror Read the original article here
It is common for deed administrators, as part of a restructuring involving a deed of company arrangement (DOCA), to seek the leave of the Court to transfer the shares held in the company to the proponent (or nominee) on the basis that the purported transfer would not unfairly prejudice the interests of the members of…