A Well-Known Retail Chain Has Announced Bankruptcy Unable to compete with foreign-owned supermarket chains, LLC “Skai Baltija,” which manages the “SKY” supermarket chain, filed for insolvency on Friday, March 13. The management of LLC “Skai Baltija” notes that the company can no longer compete in the price war with large foreign-owned store chains. Moreover, in…
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Crypto trading and lending company BlockFills has filed for Chapter 11 bankruptcy. The filing happened on March 15 in a Delaware court. The company said the move will help it reorganize its business and deal with its financial problems. Court documents show that BlockFills has between $50 million and $100 million in assets. But its…
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REM Couriers Limited presented a petition to Dundee Sheriff Court in a bid to wind up the company and appoint interim liquidators. James Stephen and Simon Girling, of BDO, were appointed joint liquidators. Five employees were made redundant when the company ceased trading. (Image: Getty Images) Companies House documentation showed that in its most recent accounts, from 2023, average number of…
Author of “Hard Work Isn’t the Problem. Your Focus Is.” reflects on entrepreneurship following reports of more than 24,000 corporate insolvencies in Germany in 2025. BERLIN, March 15, 2026 /PRNewswire-PRWeb/ — Recent reports citing data from the Federal Statistical Office of Germany (Destatis) show that 24,064 companies filed for insolvency in Germany in 2025, a figure…
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Section 29A of the Insolvency and Bankruptcy Code, introduced in 2017, bars defaulting promoters, wilful defaulters and other tainted persons from bidding for stressed companies to prevent misuse of the insolvency process. Shubhangi Shukla, a legal professional, charts the course of evolution of Section 29A through various court and tribunal rulings. Section 29Adisqualifies certain persons…
Dutch business bankruptcies drop 15% in February, industry hit hardest | NL Times Skip to main content Read the original article here