On June 18, 2024, Houston bankruptcy judge Chris Lopez will decide if Diamond Sports Group has come up with the right restructuring plan to finally exit a Chapter 11 restructuring process that began in March of the previous year. Diamond Sports Group, the bankrupt Sinclair Broadcast Group subsidiary that manages the Bally Sports regional channels,…
Conspiracy theorist Alex Jones’ Infowars broadcasts could end next week as he faces a court-ordered auction of his company’s assets to help pay the more than $1 billion defamation judgment he owes families of victims of the Sandy Hook Elementary School shooting. Or maybe not. Both opponents and supporters of the bombastic internet show and…
Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze Castanet.net Read the original article here
Stock image The State has been ordered to pay €2.8 million into a pension fund for workers at a chemicals firm that went out of business over 15 years ago in a landmark claim under insolvency law. Kieran Wallace, managing director of Interpath Advisory, secured the sum in a complaint against the Minister for Enterprise…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/sc-reverses-nclat-order-restores-claims-of-4-lenders-of-reliance-infratel-124122001329_1.html” on this server. Reference #18.1ef3ce17.1734711453.efc4171 https://errors.edgesuite.net/18.1ef3ce17.1734711453.efc4171 Read the original article here
/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za. ActionSA is deeply concerned about the shocking revelations surrounding the appointment of Jabu Mbalula as Acting Premier of the Free State. This appointment, marred by allegations…
Inflation, elevated interest rates, market disruptions drove business failures in key sectors The year 2024 was a difficult one for many B.C. businesses, with a number of insolvencies occurring in a variety of sectors. Nationally, business insolvencies for the 12‑month period ending Oct. 31 increased by 41.7 per cent year to year, according to the…
Oscar Properties faces bankruptcy application over settlement dispute Reuters.com Read the original article here
he government has maintained that publicly listed textile company PT Sri Rejeki Isman (Sritex) should remain operational despite the Supreme Court’s rejection on Wednesday of an appeal from the firm to avoid bankruptcy. The Supreme Court decision automatically upheld the Semarang Commercial Court’s verdict to declare the company bankrupt on Oct. 23. On Thursday, the…
The South Australian government says it has sought advice from insolvency experts about the situation at the Whyalla steelworks — and has acknowledged the possibility that the site’s owner, which has fallen behind on its royalty payments, could go “into administration”. Treasurer Stephen Mullighan told state parliament on Tuesday that GFG Alliance was “in arrears”,…