Category Archives: Bankruptcy

Two Chinese Medical-Device Makers Declare Bankruptcy After Winning Bulk-Buying Bids

Two Chinese medical device firms have declared bankruptcy after successfully winning bids in a government-led bulk-buying program, a first-of-its-kind event that spotlights the intense financial pain inflicted by the state’s cost-cutting measures. The Tianjin Medical Procurement Center announced recently that two companies selected in an inter-provincial alliance for orthopedic trauma products, Changzhou Dzhang Medical Device…

Tetsuya facing challenge to his Deed of Company Arrangement.

Posted By: Peter Gosnell 10 September 2025 Hamilton Murphy director Cameron Gray. The acrimony that led to closure of Kent Street’s most famous eatery continues with the bringing of an application in the NSW Supreme Court to terminate Tetsuya Wakuda’s Deed of Company Arrangement (DoCA). Back in March the wasabi sensei persuaded creditors of his…

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Hall of Fame Resort could face end of go-private deal, insolvency – The Business Journals

Hall of Fame Resort could face end of go-private deal, insolvency  The Business Journals Read the original article here

Alleged ‘architect’ of Fortress’s demise allowed to help revive the company – The Times

Alleged ‘architect’ of Fortress’s demise allowed to help revive the company  The Times Read the original article here

The $11M shrimp mistake Red Lobster won’t repeat – Fast Company

The $11M shrimp mistake Red Lobster won’t repeat  Fast Company Read the original article here

Which UK Regions Experienced the Highest Business Insolvency Rates In 2024 and Why?

According to a recent study conducted by Helix Law, a firm of litigation specialists based in the South of England, business insolvencies surged across the UK in 2024, with thousands of companies pushed into collapse by rising costs, stubborn inflation and tighter borrowing conditions. While all regions in the country have undoubtedly been feeling the…

Sritex Declared Bankrupt by Court, Employees Still Working at Factory

Textile company Sritex was declared bankrupt by the court. However, Sritex employees are still working in the factory. PT Indo Bharat Rayon is a debtor of four textile companies, namely PT Sri Rejeki Isman (Sritex), PT Sinar Pantja Djaja, PR Bitratex Industries, and PT Primayudha Mandirijaya. The company submitted a request to the Class 1A…

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