Romania's Faist Mekatronic enters pre-insolvency restructuring proceedings – SeeNews
Romania’s Faist Mekatronic enters pre-insolvency restructuring proceedings SeeNews Read the original article here
UK travel company collapses into liquidation after 22 years – walesonline.co.uk
UK travel company collapses into liquidation after 22 years walesonline.co.uk Read the original article here
No Cookies | Daily Telegraph
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Dutch yacht dealership Lengers Yachts declared bankrupt – superyachttimes.com
Dutch yacht dealership Lengers Yachts declared bankrupt superyachttimes.com Read the original article here
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UK travel firm collapses into liquidation after 22 years
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…
#SHOWBIZ: Stars in the red: 29 Malaysian celebrities file for bankruptcy to clear debts
#SHOWBIZ: Stars in the red: 29 Malaysian celebrities file for bankruptcy to clear debts | New Straits Times … Read the original article here
Supreme Court: Operational creditors cannot continue civil suits or arbitration after resolution plan approval if claims were not crystallised
The Court therefore held that, when read harmoniously, the Resolution Plan did not preserve pending claims but instead extinguished them upon its approval. The Supreme Court has held that operational creditors cannot continue civil suits or arbitration proceedings for pre-insolvency dues after approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 (IBC),…
Why do lottery winners go bankrupt? – The Low Down
This series is adapted, with permission, from a Chinese-language series by our friend Marcus Ji, who looks at historical events through an economic lens. We have condensed and adapted the original for an international audience. According to data cited by the US Certified Financial Planner Board, roughly a third of lottery winners eventually declare bankruptcy…
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