The Port of Eilat declared bankruptcy due to an 85% drop in activity from Houthi attacks on Red Sea shipping, seeking aid from the Israeli government. Israel’s southern Port of Eilat declared bankruptcy due to a lack of commercial activity. The economic impact of Houthi strikes on Red Sea shipping led to an 85% drop…
KUALA LUMPUR, Aug 29 — The family of Altantuya Shaariibuu has filed for Abdul Razak Baginda to be declared bankrupt after he failed to pay them RM9.2 million. The family is seeking this amount after a civil court ruling in 2022 ordered Razak and three others to pay them RM5 million plus interest, according to…
Central Bank confirms DBZ insolvency – Zambia diggers.news Read the original article here
There are a variety of ways that someone with out-of-control debts can deal with the situation by going insolvent. Bankruptcy is only one of those options, yet it is the most recognised. The threat of losing your home, the public admission of money troubles, and that trip to court have all created the stigma that…
Collins Realty declared insolvent, employees owed over $200k Warwick Daily News Read the original article here
Bentleys’ Tracey Knight. Liquidator Jim Downey Craig Walton, a key figure in one of the most controversial corporate restructures of recent times, has declared bankruptcy a week before the commencement of a trial brought by liquidators chasing the 63 year old for a $1.65 million debt. A search of the National Personal Insolvency Index reveals…
CargoLogic Germany declared insolvent Air Cargo News Read the original article here
Getty Images Cryptocurrency lender Genesis has filed for bankruptcy. The firm had recently been charged by US regulators Securities and Exchange Commission (SEC) with illegally selling crypto. It is part of the Digital Currency Group (DCG), a conglomerate of more than 200 crypto-focused businesses. The insolvency of Genesis is linked to the bankruptcy of FTX,…
The Liverpool City Region Combined Authority is reviewing potential manufacturers for its gliders The Glider Future Rapid Transit system on display at Anfield(Image: Andrew Teebay Liverpool Echo) The company behind the ‘glider’ tested in Liverpool last week went bankrupt earlier this year, meaning the vehicles which will actually be used on the city’s roads are…
Recycling scheme REDcycle has been ordered to be wound up by the New South Wales Supreme Court after failing to pay storage fees for thousands of tonnes of plastics secretly stockpiled around Australia. The company behind Woolworths and Coles’ soft plastics recycling program has been declared insolvent and a liquidator has been appointed to take…