Fatburger owner Fat Brands will get $46 million in new financing to get through bankruptcy. | Photo: Shutterstock. A bankruptcy court judge on Thursday approved a deal between the restaurant chain operator Fat Brands and its lenders that will finance the company through bankruptcy while addressing concerns about its management in the meantime. In so…
Native Instruments’ CEO has issued a statement following news that the music tech company has entered full insolvency proceedings. Sharing a statement via the company’s blog yesterday, CEO Nick Williams explained that Native Instruments will now transition “from ‘preliminary insolvency’ into formal ‘insolvency’ proceedings where applicable”. “As part of the restructuring process, Native Instruments GmbH…
사진 확대 The number of bad loans (non-profit loans) that fail to pay loan interest on time increased sharply last year. Analysts say that an increasing number of small and medium-sized companies and private businesses are being pushed into marginal situations due to concerns over an economic slowdown amid the wave of high interest rates…
Karl Horton, data services director at Building Cost Information Service (BCIS), cautioned that there is “no room for complacency”, as insolvencies remain above pre-pandemic levels. He warned that ongoing geopolitical uncertainties could push costs higher and affect project viability, leading to more insolvencies if instability continues. Kelly Boorman, national head of construction at RSM UK,…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Tilray Brands has added a number of US assets to its list of BrewDog acquisitions. These include the brewery, pub, and hotel in Columbus, as well as pubs in New Albany, Cleveland, and Las Vegas. “BrewDog has built a strong following in Ohio and established a highly visible presence in Las Vegas, including a flagship…
Brief On March 12 the Kyiv Commercial Court officially declared bankrupt the general contractor of the Podilskyi Bridge construction — LLC “Eko‑Bud‑Trade.” The court stated the enterprise’s critical insolvency and the absence of assets capable of covering its debts. “The company’s financial condition is characterized by signs of critical insolvency. No assets of the debtor…
Latest Insolvency Service data show that accommodation and food services insolvencies rose 9% month-on-month, from 205 in December 2025 to 223 in January 2026. However, insolvencies in the sector dropped 18% year-on-year from 273 in January 2025. RSM UK says that this uptick, while concerning in the short term, is set against a more favourable year-on-year backdrop. This suggests…
Utility Meters Warehouse Ltd, based in Manchester, launched back in March 2013 and is “the UK’s Premier One-Stop Solution Company for Gas Pressure Control & Measurement Equipment”. The company deals with gas pressure regulators, gas meter modules, and gas volume converters. The Utility Meters Warehouse Ltd website adds: “Our mission as the UK’s Premier One-Stop…
The council declared itself effectively bankrupt in June 2023. As a result, its leadership has agreed to market Victoria Square, Wolsey Place, Alexander House and the energy company ThamesWey Central Milton Keynes Ltd. Victoria Square, including the Hilton Hotel, will be sold off. But the car parks will be split off and retained by the…