Unpaid wages, debts: Cooling company goes under owing $1.3m – Bundaberg News Mail
Unpaid wages, debts: Cooling company goes under owing $1.3m Bundaberg News Mail Read the original article here
How 14 years of Conservative rule has made council bankruptcy commonplace
A growing number of councils in England have declared bankruptcy since 2018, most recently Nottingham, Woking, Thurrock and Birmingham. With the situation in the devolved nations of the UK looking similarly precarious, the question of quite what has happened to local government finances in the UK is an urgent one. A council cannot, technically, go…
Booktopia in $60 million debt as administrators investigate whether collapsed retailer traded while insolvent
Anger is growing against failed online retailer Booktopia from authors, publishers and customers, who are being left in limbo as a lengthy administration process to claw back $60 million in debt now plays out. The Australian company appointed administrators earlier this month, after battling tough times that some in the publishing world say was open…
Tritium files for insolvency and is on the lookout for a buyer
The company writes in a notification to the US Securities and Exchange Commission that Tritium DCFC and three of its Australian subsidiaries are “insolvent or likely to become insolvent”. Although Tritium was founded in Australia and still has its headquarters there, it has been listed on the Nasdaq in the USA since the beginning of…
Katie Price arrested at Heathrow Airport
She was detained after returning to the UK. Photos have emerged showing her with bandages around her face, near police vans at the airport. The PA news agency understands Ms Price, who was born in Brighton but lives in Surrey, was bailed by an out-of-hours magistrate later on Thursday evening. She was declared bankrupt in…
Byju’s: Byju’s vs BCCI: SC stays NCLAT order that set aside insolvency case against edtech
The Supreme Court on Wednesday stayed the National Company Law Appellate Tribunal’s (NCLAT) order, that approved the settlement deal between edtech major Think & Learn Pvt Ltd, the parent of online educational services company BYJU’s, and the Board of Control for Cricket in India (BCCI). A bench headed by Chief Justice D Y Chandrachud, while…
What Synapse’s bankruptcy means for the BaaS model
Sankaet Pathak is the founder of Synapse, which filed for bankruptcy. A banking-as-a-service middleware platform’s slide into bankruptcy is another sign of trouble for this business model, where software providers connect licensed banks and nonbank companies that want to take deposits and extend loans — and sometimes promise to offload part of the compliance burden. …
Hirschmann Multimedia Holding B.V. Declared Bankrupt
On May 31, Hirschmann Multimedia Holding B.V. filed for provisional suspension of payments, which has now been converted into bankruptcy. According to CEO Dick Kroon, the bankruptcy of Hirschmann Multimedia Holding B.V. and the adjacent Hirschmann Multimedia B.V. is due to the failure of a desired settlement payment arrangement with the tax authorities. While this…
Cafe Coffee Day parent company gets interim stay order from NCLAT – Industry News
The National Company Law Appellate Tribunal (NCLAT) in Chennai on Wednesday stayed the corporate insolvency resolution proceedings (CIRP) against Coffee Day Enterprises Ltd (CDEL), operator of the Cafe Coffee Day chain, until the next hearing, reported Bar and Bench. A coram of judicial Member Sharad Kumar Sharma and Technical Member Jatindranath Swain granted an interim…
Tauranga woman warns of debt dangers after declaring insolvency
Her comments come after a recent Centrix report showed consumer arrears rose to a seven-year high in January, with 13.09 per cent of accounts behind on repayments. It said 480,000 credit users nationwide were behind on payments. In the Bay of Plenty, 14.09 per cent of users were behind on payments, compared to 12.79 per…