Daniel Grollo, the recently bankrupt scion of property development group Grocon, flogged $1.145 million of his own furniture in five separate fire sales in the years before he went broke. The one-time property prince of Melbourne was left so skint he declared no real estate, collectables or jewellery of any value to his bankruptcy trustee…
3DEO, the Torrance, California metal 3D printing company behind the patented Intelligent Layering process, has filed for insolvency and put its entire intellectual property (IP) portfolio up for sale. Insolvency Services Group, acting as assignee for the benefit of creditors under California law, is soliciting offers for the assets, having already received a stalking horse…
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The Insolvency and Bankruptcy Board of India (IBBI) is likely to push for dedicated National Company Law Tribunal (NCLT) benches to handle insolvency cases in the real estate sector once the Ministry of Corporate Affairs (MCA) approves additional courts, sources aware of the development told TNIE. The IBBI has been urging the Ministry over the…
Dentons advises on Freqcon’s self-administration proceedings Dentons Read the original article here
Gladys Jalipa of Wealth Professional reports that the BC Supreme Court refused to let SHP Capital add former Medipure directors to a long-dormant oppression proceeding after SHP had acquired the business through insolvency, finding the delay inordinate and the expanded damages claim bore a “scent of tactics”. Read the original article here
Yourtravelshop.com Ltd, based in Ilford, London, had organised pilgrimages for over two decades and formally incorporated in 2004. In a notice published in the Gazette on July 26, it was confirmed the business had gone into liquidation with Donald Harper and Andrew Maak of The Insolvency Practice Limited appointed as joint liquidators as of July…
The number of UK businesses entering insolvency-related processes fell in the second quarter of 2026 but a decline in new company registrations suggests business confidence remains subdued. The findings have been published in a report by R3, the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals. The quarterly Business Health report, based…
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. The show must go on for 29 Malaysian celebrities who have filed for bankruptcy, with mounting debts leading them to seek assistance from the Insolvency Department to repay their arrears According to the New Straits Times, Insolvency Department bankruptcy division director Fajrul Shihar Abu Samah…
After 115 years, Brescia Calcio has been declared insolvent by the Brescia court, formally ending the 1911-founded club’s activities. According to L’Équipe, the ruling confirms the Lombardy side has ceased operations. The club was stripped of professional status in summer 2025 and excluded from all national competitions. It was barred from the 2025-26 Serie C…