Building boss bankrupt, company collapses – news.com.au
Building boss bankrupt, company collapses news.com.au Read the original article here
russia bankruptcy risk: This European economist says Russia could go bankrupt and run out of liquid reserves by fall of 2025; here’s why
European economist Anders Åslund has expressed concerns that Russia could deplete its liquid financial reserves by the fall of 2025, potentially leading to a fiscal crisis. He notes that the National Wealth Fund’s liquid assets have significantly declined, from $117 billion in 2021 to approximately $31 billion by late 2024. At the current rate of…
Once-Popular Crafts Store Files for Bankruptcy…Again
In March of 2024, JoAnn Fabrics filed for bankruptcy, just to come out of it a month later as a private company. When the company emerged from bankruptcy the first time, it announced that it would be closing some underperforming stores across America. According to TheStreet, JoAnn Fabrics has around 800 locations left in America,…
Russian iFarm companies face bankruptcy amid management and financial challenges
Three Russian companies founded by Alexander Lyskovsky, including LLC “Gorodskie Teplytsy,” LLC “Gorodskie Teplytsy Moskva,” and LLC “Vertikalnye Fermy,” have announced plans to file for bankruptcy. According to investor Mikhail Taver, Lyskovsky failed to fulfill his duties as CEO and refused to…
Caravan park billionaire who ‘was forced to sell six-bed mansion after being made bankrupt by the Kinahan Cartel’ is plunged into fresh legal battle over his empire
A caravan park billionaire who claims he was forced into bankruptcy by a drugs cartel is at the centre of a new legal row over his properties. Bob Bull, 47, whose estimated fortune of £1.9 billion took him to #88 on the Sunday Times Rich List in 2023, once boasted 12 supercars and shared a…
Payment of Nordica employee compensations awaits bankruptcy declaration | News
Following Nordica’s bankruptcy filing, the airline and its associated companies announced the dismissal of 272 staff members. Severance payments have been made to one-third of these, while bankruptcy compensation – such as unpaid wages, vacation pay, and others – can only be paid out by the Unemployment Insurance Fund (Töötukassa) after the companies’ bankruptcies are…
Effort to Find Buyers for Insolvent Ziegler Group Moves Forward
Wood Markets News Effort to Find Buyers for Insolvent Ziegler Group Moves Forward International Markets Posted on January 15, 2025 An internal letter from the provisional insolvency administrator, reviewed by BR24 (1-7-25), indicates that the search for investors for segments of the insolvent Ziegler Group, headquartered in Bavaria, Germany, is nearing its initial conclusions. In…
Warning issued to Wiltshire company directors over Covid loans
Wiltshire company directors struggling to repay Covid business loans are in danger of disqualification. The warning has come from Mike Pavitt, council member for the Southern and Thames Valley region of R3, the UK’s insolvency and restructuring trade body. Mr Pavitt said: “Covid-related loan repayment difficulties have not gone away, especially with new tax burdens…
Bit4You Suspends Activities After CoinLoan Declared Insolvent
Belgian cryptocurrency trading platform Bit4You has announced the suspension of operations after it discovered that CoinLoan, one of its service providers, was declared insolvent by an Estonian court. The CoinLoan Insolvency The cryptocurrency trading platform learned… Belgian cryptocurrency trading platform Bit4You has announced the suspension of operations after it discovered that CoinLoan, one of its…
Warning for Wiltshire company directors over Covid loans
The warning has come from Mike Pavitt, council member for the Southern and Thames Valley region of R3, the UK’s insolvency and restructuring trade body. Mr Pavitt said: “Covid-related loan repayment difficulties have not gone away, especially with new tax burdens anticipated in the spring, and nor, it seems, has the Insolvency Service’s appetite for…