Lawsuit alleges R&R Family of Companies continued operating while insolvent – FreightWaves
Lawsuit alleges R&R Family of Companies continued operating while insolvent FreightWaves Read the original article here
Sutton Coldfield Market Village owner goes into liquidation with traders forced to leave
An indoor market has shut suddenly with its owning company going into liquidation – leaving around 15 traders with nowhere to run their business from Sutton Coldfield’s Market Village indoor market in South Parade has shut suddenly with its owners going into liquidation and businesses given hours to collect their belongings and leave for good…
Native Instruments GmbH is in preliminary insolvency
According to insolvency documents, Berlin-based Native Instruments GmbH (also parent to iZotope, Plugin Alliance, and Brainworx) is in preliminary insolvency proceedings. This is devastating news for one of the biggest brands in music-making technology. Prof. Dr. Torsten Martini is listed as a preliminary insolvency administrator for the company (“vorläufiger Insolvenzverwalter”), which means he would be…
Fat Brands, burdened with heavy debt, declares bankruptcy
Round Table Pizza owner Fat Brands has filed for bankruptcy. | Photo: Shutterstock. Fast-food restaurant chain collector Fat Brands declared bankruptcy on Monday under a mountain of debt and after it was unable to come to an agreement with its bondholders. The company owes $1.45 billion in securitized debt, most of which is through a…
RGNT Reborn AB went bankrupt again after a decision by the Gothenburg District Court – thepack.news
B2B News | Source: Breakit – Konkurslistan | © Photos: RGNT Reborn | Swedish electric motorcycle manufacturer RGNT Reborn AB has once again filed for bankruptcy, marking another setback for the Gothenburg-based brand. After relaunching as RGNT Reborn following its first collapse in 2023, the company has now been declared insolvent again. According to founder…
Sigulda Opera Festival Declared Bankrupt, But Cancellation of the Event This Summer Is Not Planned
Фото: tourism.sigulda.lv As confirmed to the LETA agency by Dace Pleša, a professional arts worker for the municipality of Sigulda, despite the bankruptcy, the opera music festival in Sigulda will also take place this year from July 31 to August 2. She emphasized that the tradition of these celebrations, which Dainis Kalns has been organizing…
Jersey States Assembly approves amendments to Companies Law
The Jersey States Assembly has approved a package of amendments to the Companies (Jersey) Law 1991 intended to update Jersey’s corporate framework and maintain alignment with international best practice. The changes reflect the island’s longstanding policy of maintaining a modern and flexible company law regime while responding to evolving market and regulatory developments. They are…
Over 3 years’ jail for man who pocketed about $470k in pilgrimage payments
SINGAPORE – A man was sentenced to 3½ years and four weeks’ jail on Jan 27 after he misappropriated around $470,000 from more than 200 people who had signed up for an Islamic pilgrimage to Mecca, in Saudi Arabia. The customers received no updates on arrangements for the pilgrimage, also known as umrah, and found out…
Over 1,000 Retail Jobs at Risk as Claire’s Enters Insolvency
A Sudden Shock for Retail Workers More than 1,000 retail jobs are now in jeopardy following the appointment of insolvency practitioners at Claire’s, the UK’s popular accessories retailer, just four months after it was rescued from financial difficulties. The move, reported by Sky News, comes as a significant blow to employees, many of whom were…
Bankrupt businessman’s Gold Coast trophy home fetches $13m
5719 Anchorage Terrace Sanctuary Cove A waterfront mansion owned by the wife of a bankrupt businessman was the top sale at an auction event racking up $105 million under the hammer. The Sanctuary Cove trophy home sold for $13m, two years after it was purchased under a company name linked to Maxine Hickmann, whose partner…