Category Archives: Bankruptcy

Loughborough director who transferred funds to Montenegro account despite owing millions to HMRC is disqualified

Paul Bresnihan was the director of CJS Engagement 2 Ltd, a payroll business.    He transferred 4.8 million Euros to a bank account in Montenegro, at a time when the company was insolvent owing HMRC more than £32million.  His seven-year director disqualification began on 27 January 2026.    A Loughborough director of a payroll company has signed a seven-year director disqualification undertaking for transferring 4.8 million Euros to a bank account in Montenegro when his insolvent…

SKIL Infrastructure Limited Exempted from Q3FY26 Governance Filing Under CIRP Proceedings – scanx.trade

SKIL Infrastructure Limited Exempted from Q3FY26 Governance Filing Under CIRP Proceedings  scanx.trade Read the original article here

Two in five construction firms close within five years

New research by Witan Solicitors, has analysed data from Companies House to determine the number of construction firms incorporated between January 2021 and December 2025 and compared this to the number that have since entered administration, liquidation, or been dissolved. The data found that in the past five years, two in five (41.6%) of newly…

Melb forklift service company in liquidation amid $1.75m debt – heraldsun.com.au

Melb forklift service company in liquidation amid $1.75m debt  heraldsun.com.au Read the original article here

Four of bankrupt publican Jon Adgemis’ venues sell for $130m – CommercialRealEstate.com.au

Four of bankrupt publican Jon Adgemis’ venues sell for $130m  CommercialRealEstate.com.au Read the original article here

Insolvency programme for micro, small companies to be revamped with simpler criteria, streamlined processes – The Business Times

Insolvency programme for micro, small companies to be revamped with simpler criteria, streamlined processes  The Business Times Read the original article here

Utah buys bankrupt U.S. Magnesium plant near Great Salt Lake

The plant had been shut down since 2021 but continued to pump large amounts of water from the shrinking Great Salt Lake. (Francisco Kjolseth | The Salt Lake Tribune) The smut and gypsum piles at US Magnesium, which has ceased operations at the magnesium plant on the western edge of the Great Salt Lake, is…

Jon Adgemis pubs South Bondi Hotel, Hotel Diplomat, Empire Hotel and Claridge House sold for $130m

Receivers of bankrupt publican Jon Adgemis have sold four of his Sydney venues including the South Bondi Hotel, Hotel Diplomat, the Empire Hotel and Claridge House for about $130 million. McGrathNicol was appointed as receiver to manage five assets of Public Hospitality’s portfolio in October, four of which have now been sold. The Exchange Hotel…

Native Instruments Is Going Bankrupt

Native Instruments is in preliminary insolvency proceedings, meaning that it must liquidate assets in order to continue operating as a business. Native Instruments (NI), a staple software and gear brand among electronic musicians, has entered into preliminary insolvency hearings with the German government. Insolvency proceedings in Germany differ from those of bankruptcy in the US…

Music tech company Native Instruments enters preliminary insolvency

Music tech company Native Instruments has entered preliminary insolvency proceedings, according to Create Digital Music (CDM). According to documents seen by CDM, Prof. Dr. Torsten Martini is listed as a preliminary insolvency administrator for the Berlin-based company and will see out the restructuring process.  CDM’s report also highlights that its current status means Native Instruments’ “various assets”…