China's Prolonged Price War Forces Chinese Auto Parts Makers to Go Bankrupt – BusinessKorea
China’s Prolonged Price War Forces Chinese Auto Parts Makers to Go Bankrupt BusinessKorea Read the original article here
Franchisee of a National Pizza Chain Goes Bankrupt, Shuts Down Locations – MSN
Franchisee of a National Pizza Chain Goes Bankrupt, Shuts Down Locations MSN Read the original article here
Company insolvencies fall in December 2024 – how can directors mitigate against personal liability? – Cumbria Crack
Company insolvencies fall in December 2024 – how can directors mitigate against personal liability? Cumbria Crack Read the original article here
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Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors – MSN
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors MSN Read the original article here
Sproutt declares insolvency
Life insurance startup Sproutt See full company profile “> has declared insolvency. Recently, Sproutt submitted a request to the District Court in Tel Aviv to initiate insolvency proceedings due to its inability to pay a debt to an Israeli bank and other suppliers, according to a report by Calcalist. Founded in 2017, Sproutt raised $38…
Oath Pizza declares Chapter 7 bankruptcy
Joanna Fantozzi Oath Pizza — the Boston-based, fast-casual pizza brand —declared Chapter 7 bankruptcy on Oct. 22 and will be liquidating its assets one year after closing all of its corporate locations. The Next Level Pizza-owned small chain estimated that it had under $500,000 in assets, and was up to $50 million in debt. Oath Pizza…
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors
Irish energy firm that owes investors hundreds of millions faces key deadlines in coming weeks Solar 21’s High Court-approved scheme of arrangement to pay back hundreds of millions to investors faces a series of deadlines over the next six weeks, according to a new report prepared by restructuring supervisor Alvarez & Marsal. There is a…
Bankruptcy court approves Helios Photo Voltaic’s acquisition by OCL Iron & Steel
The bankruptcy court approves Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo’s acquisition by OCL Iron & Steel Ltd through an insolvency resolution process. Helios Photo Voltaic manufactures solar energy equipment including optical media storage products, photovoltaic cells, thin film modules, panels and other electrical equipment products along with wires and cables. “As…
SC strikes down AGI Greenpac’s resolution plan for Hindustan National Glass & Industries Ltd, ET LegalWorld
The Supreme Court on Wednesday, by a majority of 2:1, set aside the approval granted to AGI Greenpac’s resolution plan for ailing Hindustan National Glass and Industries Ltd (HNGIL), citing non-compliance with mandatory provisions under the Insolvency and Bankruptcy Code, 2016. A bench comprising Justices Hrishikesh Roy, Sudhanshu Dhulia and S V N Bhatti was…