Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny. Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all filed notices under…
Swindon & Wiltshire Economy Thursday April 10 2025 Insolvency-related activity increased by more than 23 per cent in Wiltshire, the Thames Valley, and the wider South East for the second consecutive month, says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe indicated a rise in insolvency-related activities from…
The US genetic testing company 23andMe has filed for bankruptcy protection in the US to help sell itself, as its chief executive quit to pursue a bid for the business after several unsuccessful attempts. 23andMe said late on Sunday that it had started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Eastern…
Sunterra takes steps toward creditor protection while U.S. subsidiaries face legal scrutiny New | Paula Duhatschek | CBC News | Posted: April 10, 2025 4:12 PM | Last Updated: Just now Company known for agriculture and high-end grocery operations in Alberta Image | Sunterra Caption: A Sunterra Market location is pictured on Sirocco Drive in…
The number of companies in the UK filing for administration remained steady during Q1 2025 according to analysis by Interpath. Interpath expects that insolvencies to rise sharply as businesses grapple with the impact of new US tariffs on their organisations and the wider economy. Analysis of Companies House data by the international advisory firm shows…
In 2020, Natura & Co. acquired Avon’s international operations. Natura & Co., a Brazilian beauty brand, is a holding company for Avon and its subsidiaries. With the bankruptcy, Natura & Co. has offered $43 million to help Avon through the bankruptcy process. It has also offered $125 million in credit for Avon’s equity. This plan…
IE 11 is not supported. For an optimal experience visit our site on another browser. ‘Very shocking… my kids are hurt’: Wife of man wrongfully deported by Trump speaks out 06:15 Now Playing ‘I didn’t go bankrupt 6 times’: Rep. Meeks responds to Trump’s claims of being a deal maker 05:11 UP NEXT ‘All-out trade…
Indian banks celebrate after Vijay Mallya’s appeal against bankruptcy dismissed; Mallya says he will get an annulment MSN Read the original article here
In a recent decision of the Federal Court of Australia (Krejci (liquidator) v Panella, in the matter of Richmond Lifts Pty Ltd (in liq) [2025] FCA 151), Justice Cheeseman upheld orders appointing provisional liquidators and receivers to several solvent companies. The case is an important reminder that the Court is willing to intervene in a…
The genetic testing company 23andMe has filed for bankruptcy. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images The genetic testing company 23andMe, best known for allowing people to trace their ancestry with an at-home kit, has been struggling financially for months. So when the California biotech firm announced in a statement this week…