French pulp manufacturer Fibre Excellence filed for insolvency with the commercial court of Toulouse on 13 April and is facing potential receivership proceedings. The conciliation period with the government expired on 14 April and has not yet yielded a solution for the financially stricken company. Due to its strained liquidity situation, the company had therefore…
Enters into Restructuring Support Agreement with Majority of Lenders to Substantially Reduce Debt, a Key Pillar of the WIN Growth Strategy Initiates Voluntary Prepackaged Court-Supervised Process in the U.S. to Implement Financial Restructuring Plan; International Operations Excluded Serving Customers Across All Channels and Platforms as Usual; Vendors to Be Paid in Full WEST CHESTER, Pa.,…
New Chambers is pleased to announce the outstanding recognition of our barristers in the 2027 editions of Best Lawyers in Australia, Best Lawyers: Ones to Watch in Australia, and the prestigious “Lawyer of the Year” awards, with 26 barristers recognised across more than 20 diverse practice areas.…
The latest Swindon firms that have just gone into liquidation Swindon Advertiser Read the original article here
UK kitchen fitter collapses into liquidation with future of orders uncertain Oxford Mail Read the original article here
A Scottish motorsport company has been placed into liquidation. The East Lothian-registered business ceased trading after a loss of funding ahead of the racing season. The company “operated in the motorsport sector” and was founded by Michael Johnston, who was the only director of the business. The nature of the business was described in a…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
JetBlue Founder Warns The Airline May Go Bankrupt This Year — And Says Nobody Will Buy It View from the Wing Read the original article here
New Delhi: India plans to set up a special bench of the National Company Law Tribunal (NCLT) with trained manpower to handle cross-border insolvency cases once the new bankruptcy rules are notified, to fast-track proceedings, people aware of the matter said.The cross-border framework, approved last month as part of amendments to the Insolvency and Bankruptcy…
Ballarpur Industries Limited (BILT), one of India’s oldest paper manufacturers which emerged from a three-year long corporate insolvency resolution plan, is set for a turn around. The new management under Finquest Financial Solutions Private Limited has demonstrated its commitment to turning around the company through substantial capital infusion. According to the annual report of the…