Tens of thousands of so-called “zombie” businesses could collapse this year as mounting cost pressures and weak demand push companies to breaking point, insolvency specialists have warned. New research from Begbies Traynor shows a sharp rise in businesses experiencing severe financial strain, with a 44 per cent increase in companies classed as being in “critical…
Man declared bankrupt over RM15mil in tax arrears NST Online Read the original article here
KUALA LUMPUR: A 51-year-old man has been declared bankrupt for failing to settle over RM15 million in income tax arrears accumulated over seven years. Inland Revenue Board (IRB) counsel Qhistina Mohd Apandi said the order was granted after the High Court yesterday dismissed Sayyid Shah Abdullah’s application to stay bankruptcy proceedings filed by the government.…
Bankrupt Wellington start-up founder Melissa (Mel) Gollan starts over in United States thepost.co.nz Read the original article here
The owner of a renovated theater along South Broadway in Denver has filed for bankruptcy to stall a lender’s plan to foreclose on it. Sonquist LLC, managed by real estate attorney Doug Norberg and business partner Paul Yaft, filed for Chapter 11 protection Friday. “Imminent public trustee foreclosure scheduled, automatic stay necessary to preserve estate…
Tapio Bernhard Schutte, Chairman of TAPiO Management Advisory Sdn Bhd and World Economic Council (WEC) Ambassador to Malaysia. Photo: Courtesy of Tapio Bernhard Schutte By TENGKU NOOR SHAMSIAH TENGKU ABDULLAH KUALA LUMPUR: The university degree students are pursuing today may lose its value before they graduate. Medical professionals who practise without artificial intelligence support may…
If you have a Synergy Restaurant Gift Card in your wallet, you’re out of time to use it. The San Diego-based company, which offers multi-restaurant gift cards for dozens of cities across the U.S., announced in a statement issued Thrusday that it plans to file for Chapter 7 bankruptcy protection and that it was winding…
Following the news of Native Instruments going into preliminary insolvency proceedings, the brand’s CEO, Nick Williams, has issued an update via NI’s blog page. He assures the community of creators, customers and partners that it’s “business as usual at Native Instruments, iZotope, Plugin Alliance and Brainworx.” Since the news spread, the internet has been rife…
New wave of zombie companies in ‘critical distress’ The Times Read the original article here
Liberty Steel wants Greensill administrators’ case put on ice | Lawyerly Liberty Steel wants Greensill administrators’ case put on ice Restructuring & Insolvency 2026-01-29 11:28 pm By Cindy Cameronne | Sydney Save (0) Please login to bookmark Close Two Liberty Steel companies want a case brought in NSW by administrators for collapsed supply chain finance…