The Federal Court has ruled against the shadow director of a collapsed formwork company, while finding the business attempted to leave behind millions of dollars in tax debts through a phoenixing scheme. Those findings open the door for liquidators to claw back more than $9 million that allegedly passed through the business in “uncommercial” transactions.…
Prosecutors sell remaining crypto from bankrupt trading site Knaken for €2.2 million | NL Times Skip to main content Read the original article here
Manolete Partners PLC (AIM: MANO), the UK’s foremost insolvency claims financing firm, has confirmed the receipt of a £3.425 million settlement in July 2026 following the successful resolution of a significant insolvency case. This settlement was achieved after High Court proceedings initiated by Manolete, which had acquired and financed a complex insolvency claim. The company’s…
Diamond Luxury, incorporated in 2020, operates a builder business from 1534 Dundas Street West in Mississauga, which is owned by 1000704900 Ontario Inc. Both companies are directed by Imran Ahmed. RBC provided Diamond Luxury with a $1.5 million revolving demand facility and $50,000 business credit card, while the numbered company received a $1.125 million non-revolving…
Creditors have voted to wind up ZEN Energy and 11 related companies after administrators failed to secure a buyer, with the group owing about $1.1 billion and secured creditors facing recoveries of no more than about 10 cents in the dollar even in a high-case scenario. Read the original article here
Liquidators have been instructed to wind down Go Fly Oxford, which provided lessons for commercial and private pilots licences. Colin Wilson and Emma Mifsud, of Opus Restructuring & Insolvency, have been appointed as joint liquidators for Go Fly Oxford Ltd back in May 2025. But new records filed by the liquidators have revealed an HMRC…
A small investment made at the right moment has the power to launch ordinary people to millionaire status. All it took was $1,000 and an out-there idea for Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, to set his business on a path to becoming a $85 billion behemoth. “I had this idea that…
The joint memo thus filed is taken on record, and accordingly, the appeal is disposed of in terms of the memo, said a NCLAT bench comprising Justice N Seshasayee (Judicial Member) and Jatindranath Swain (Technical Member). Insolvency appellate tribunal NCLAT has disposed of an appeal filed by JSW Mahanadi Power Company Ltd against Raigarh Champa…
SINGAPORE, Aug 16 — More than 40 investors in a Singapore vending-machine business are facing losses of up to S$4 million (RM12.6 million) after its owner was declared bankrupt last month, following promises of annual returns of up to 10 per cent. Lim Jian Bin, who marketed himself as a successful entrepreneur with investments in…
SINGAPORE, Aug 16 — More than 40 investors in a Singapore vending-machine business are facing losses of up to S$4 million (RM12.6 million) after its owner was declared bankrupt last month, following promises of annual returns of up to 10 per cent. Lim Jian Bin, who marketed himself as a successful entrepreneur with investments in…