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Category Archives: Bankruptcy

David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds – MSN

BankruptcyBy EditorJanuary 11, 2026

David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds  MSN Read the original article here

David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds – MSN

BankruptcyBy EditorJanuary 11, 2026

David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds  MSN Read the original article here

SKIL Infrastructure Creditors Clear Invitation for Bids in Insolvency Process – TipRanks

BankruptcyBy EditorJanuary 10, 2026

SKIL Infrastructure Creditors Clear Invitation for Bids in Insolvency Process  TipRanks Read the original article here

F1 driver who went bankrupt made shock career change to become sex toy | F1 | Sport

BankruptcyBy EditorJanuary 10, 2026

Former F1 star Robert Doornbos had the world at his feet and was once one of the most promising young drivers on the circuit. He made his F1 debut mid-season in 2005, stepping in to partner Christijan Albers at Minardi. He raced in eight Grands Prix with the team before joining Red Bull Racing in…

Saks files for bankruptcy. What went wrong at the retailer?

BankruptcyBy EditorJanuary 10, 2026

In October, Saks slashed its full-year financial outlook, citing falling sales in part because of inventory challenges. Tensions with vendors have escalated since the 2024 merger with Neiman Marcus, which had been billed as a move to resolve the retailer’s cash flow problems. Last February, Metrick, the company’s former chief executive, sent a letter to…

Courts declared over 150 companies bankrupt in 2025 | News

BankruptcyBy EditorJanuary 10, 2026

Last year, courts declared 154 companies bankrupt, which is 14 fewer than in 2024. Of those, 140 were private limited companies, 10 were public limited companies, three were non-profit associations, and one was a commercial association, data from the commercial register shows. The highest number of company bankruptcies occurred in 2009, when the total reached…

Gibsonville couple stuck with broken solar panels after installer goes bankrupt, News 2 gets help

BankruptcyBy EditorJanuary 10, 2026

After years of rising electric bills, a fixed-income couple finally gets relief — and a lesson for consumers with solar leases. GIBSONVILLE, N.C. — Just east of Greensboro, on about a half-acre of land, sits a home built in 1984 — and filled with decades of memories for Helen and Bernard Brooks. “It means a…

Electrecord Exits Insolvency After 8 Years With New Owner – The Romania Journal

BankruptcyBy EditorJanuary 10, 2026

Electrecord Exits Insolvency After 8 Years With New Owner  The Romania Journal Read the original article here

Saks plans to file for bankruptcy as soon as Sunday as it crumbles under mounting debt: report

BankruptcyBy EditorJanuary 10, 2026

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News reported Friday, citing people familiar with the matter. The owner of New York’s century-old Fifth Avenue flagship store is preparing to file for bankruptcy without a restructuring deal in place, though it aims to craft one in the coming…

Is Section 29A Now Hurting India’s Insolvency Regime More Than Helping It? – GKToday

BankruptcyBy EditorJanuary 9, 2026

When India’s first resolution plan under the Insolvency and Bankruptcy Code (IBC) was approved in August 2017, it shook confidence in the country’s new insolvency architecture. A related party regained control of the company while creditors absorbed a staggering 94% haircut. What was meant to be a market-driven rescue mechanism appeared to have become a…

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