Glenn Armstrong gave false and misleading information to obtain £273,000 from four individuals after a creditor applied to make him bankrupt in April 2018 Creditors lost hundreds of thousands of pounds because of transfers Armstrong made following the presentation of the bankruptcy petition The Bankruptcy Restrictions Order (BRO) places a number of restrictions on Armstrong…
The Polish infrastructure minister, Dariusz Klimczak, maintains that PKP Cargo will not go bankrupt. The company is “too important”, he says. The minister already sees improvements at the company. “I would like to reassure all those who are worried about the PKP Cargo company. The company has no right to go bankrupt and will not…
Dismayed by the news that one of Britain’s greatest ever Olympians had been declared bankrupt, I had been trying all week to contact Sir Bradley Wiggins and hear his side of this sorry story. Puzzlingly, he wasn’t to be found at either of the addresses in Lancashire which he gave to court: an elegantly converted…
2U, a fading giant in the online program manager space, announced Thursday it had filed for Chapter 11 bankruptcy. While the company said the process will put it back in a competitive position, experts said the filing creates an incentive for longtime customers to rework their contracts or finally jump ship from an OPM plagued…
Indian ed-tech giant Byju’s insolvency case fans employees’ fears Reuters India Read the original article here
3 min read Last Updated : Aug 22 2024 | 7:19 PM IST The Supreme Court on Thursday refused to stay the operations of the Committee of Creditors (CoC) formed in the insolvency resolution process against ed-tech company Byju’s. A Committee of Creditors (CoC) is a group of people who represent a company’s…
The potential insolvency of Byju’s, a prominent Indian education technology company, could become the largest disruption in the once-thriving startup sector, sparking a prolonged struggle among thousands of anxious employees to recover their owed compensation and safeguard their careers, according to Reuters report. Once a favorite among global investors and valued at $22 billion in…
Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events The company’s clients paid for packages which were later cancelled with no refunds provided Customers have lost more than £600,000 in total A company which offered half-priced hospitality at sold-out sporting events has been shut down after cancelling the bookings…
The UK’s accounting watchdog has launched an investigation into an accountant at Thurrock council after the Conservative-run local authority’s failed investment spree landed it in effective bankruptcy. The Financial Reporting Council (FRC) said its move related to an individual’s compliance with governance, reporting, regulations and professional standards at the Essex council over its operations and…
By Reuters Published Feb 25, 2015 SuperGroup Plc, the owner of the Superdry fashion brand, said on Wednesday its finance chief Shaun Wills had quit after being declared bankrupt two weeks ago. Wills, who is a qualified accountant, was made the subject of a personal bankruptcy order on Feb. 10, the company said, but it…