This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Consolidated Burger Holdings, a Burger King franchisee, filed for Chapter 11 bankruptcy protections on Monday, according to court documents filed with the U.S. Bankruptcy court for the Northern District of Florida. As of…
A soybean farmer who voted for President Donald Trump is begging for his help. Caleb Ragland, 38, from Magnolia, Kentucky, penned an a piece published in The Free Press last week calling on Trump to help the farmers as he continues to escalate a costly trade war with China. Citing the high tax rate on…
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
The government of India notified the Protection of Interests in Aircraft Objects Act, 2025, which provides protection to aircraft lessors against moratorium rules under the Indian insolvency law. The act aligns India’s aviation laws with the Cape Town Convention (2001) and its Aircraft Protocol, to which India acceded in 2008, and aims to strengthen aircraft…
The Parliament has declared the Technical University of Kenya (TUK) insolvent, citing an overwhelming debt of Ksh12 billion that has crippled the institution’s operations. To declare something insolvent means to formally recognise that an entity, such as a business, organisation, or individual, cannot pay its debts as they come due. The decision, which was…
Prashant Kumar has officially resigned from his positions as Chief Financial Officer (CFO) and President (Accounts and Finance) of Ansal Properties and Infrastructure Limited (APIL), with the resignation taking effect from April 4, 2025. This decision, initially under consideration, was formally accepted during the second Meeting of the Committee of Creditors (COC) of APIL, held…
Saint John-based Moltex Energy Canada Inc. is hoping potential new owners for its overseas parent company will breathe new life into its development of small modular nuclear reactor technology in the province. But the company acknowledges that cash flow problems at its U.K.-based parent company have slowed down those efforts. There is “a risk of…
Saint John-based Moltex Energy Canada Inc. is hoping potential new owners for its overseas parent company will breathe new life into its development of small modular nuclear reactor technology in the province. But the company acknowledges that cash flow problems at its U.K.-based parent company have slowed down those efforts. There is “a risk of…
The Covid Bounceback loans, plus various business support schemes from 2020-2121 were a golden opportunity for scammers and fraudsters in the UK and abroad. Many cases are still feeding their way through the UK justice system and of course, many millions will never be recovered – except by raising taxes on more honest citizens. Here’s…
From the brink of bankruptcy to $2.45bn and beyond The Australian Read the original article here