More than 2,000 Scotland-based jobs are at risk as oil and energy services group Petrofac has applied for administration. The group’s operations will continue to trade, and options for restructuring of the company and a possible merger or acquisition are being actively explored with its key creditors, the company said on Monday. People close to…
Two Austrian organizations, the Alpenländische Kreditorenverband (AKV) and the creditor protection association KSV1870, reported on the bankruptcy in press releases and several Austrian media outlets. According to the insolvency petition, ESIM Chemicals is not yet insolvent, but the liquidity planning for the second quarter of 2026 shows a shortfall. Restructuring consultants are being consulted, according to the…
Another England legend in trouble after two World Cup-winners are declared bankrupt – Page 2 of 3 Ruck.co.uk Read the original article here
Another England legend in trouble after two World Cup-winners are declared bankrupt – Page 3 of 3 Ruck.co.uk Read the original article here
Another England legend in trouble after two World Cup-winners are declared bankrupt Ruck.co.uk Read the original article here
The writing was on the wall – or off the wall, in this case – for Roberts Co’s Victorian business a day before subcontractors pulled their equipment off the building company’s sites. On Thursday, March 13, removalists started taking artworks off the walls of the company’s William Street office in central Melbourne. The works were…
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One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli. Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5.1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday. The bankruptcy…
Court greenlights Poundland’s restructuring plan despite opposition from most landlord classes, rul… Court greenlights Poundland’s restructuring plan despite opposition from most landlord classes, ruling that the company faced imminent insolvency and dissenting creditors would be no worse off than under the relevant alternative. A High Court judge has sanctioned Poundland’s Part 26A restructuring plan after…