Combined debts of about $900,000 have led to the Christchurch entrepreneur behind Benny’s Barber Shop and Benny’s Hangar being declared bankrupt. Ben Scott, 31, was placed on the insolvency register on Wednesday after his plans for a million-dollar indoor entertainment venue inside a disused former Air Force hangar at Wigram crashed to the ground. The large-scale…
Dutch electronics retailer BCC was declared bankrupt by an Amsterdam court on Friday, a day after the chain reportedly filed for bankruptcy. Many of the company’s 1,100 employees are expected to lose their jobs, but could return to work if some of BBC’s business units are acquired by other companies. The company is owned by…
The council filed a Section 114 notice in response to a predicted £23 million in-year budget overspend. “At the halfway point of the year, the council is forecasting a gross General Fund pressure of circa £57 million which is partly being mitigated from one-off in-year management and corrective actions,” the council said. The corrective actions…
Salisbury Hallam Pty Ltd declared insolvent in Federal Court The Examiner Read the original article here
VanMoof Holding, Global Support and the Netherlands declared bankrupt Bike Europe Read the original article here
What happens if a council goes bankrupt? Commons Library Read the original article here
Getty Images It’s affected 50 Cent, Fazer from N-Dubz, Kerry Katona and pretty much all of the band Blue – among a lot of other celebrities. But when we talk about bankruptcy, how many of us actually understand what it means? Katie Price is the latest celeb to be declared bankrupt after failing to stick…
HONG KONG — China Oceanwide Holdings, a Beijing-based private developer, said on Monday that the company was to be wound up by a court in Bermuda. Trading of the company’s Hong Kong-listed shares was suspended from Monday morning due to the court decision and “will remain suspended until further notice,” according to the filing to…
Company insolvencies on track for 14-year annual high after December rise Evening Standard Read the original article here
A recent string of financial troubles in residential construction companies has shown that the building industry is anything but bulletproof. So, for anyone about to sign on the dotted line or currently in the building process, it can pay to know what to do in these tough situations and what your rights are depending where…