A non-profit organization that supported small businesses across British Columbia has ceased operations due to financial challenges. Small Business B.C. (SBBC) was placed under bankruptcy on Dec. 5. MNP Ltd. has been appointed its trustee. SBBC was established as a non-profit in 2002 and provided entrepreneurs at various skill levels guidance and resources to help build their businesses. For…
The Central Bank of Montenegro (CBCG) has declared Montenegrin bank Atlas Banka bankrupt and has started insolvency proceedings. On April 7, CBCG representatives said that the bankruptcy leaves 90 per cent of Atlas Banka employees out of work, adding that the total deposits in the bank amount to 189 million euros. Individual deposits of up…
Creditors face $1 million in losses after trailer manufacturer declares bankruptcy SBS Read the original article here
The Age has spoken to half a dozen creditors listed on the debtors’ petition who were clients of the business. They claim they are owed money after they either used Marshall’s Holiday Rentals to book a holiday home and never received their deposit or bond back, or home owners who used Marshall’s to rent out…
A state bankruptcy means the government fails to make debt and interest payments when due. Failure to pay debts owed to creditors may be accompanied by an official announcement by the government that it will not pay the outstanding debts, or it may sometimes occur without any official announcement. Nearly half of the countries of…
LDRS Nottingham City Council issued a section 114 notice, declaring effectively bankruptcy, on 29 November The government has appointed commissioners to help run Nottingham City Council after the authority declared itself effectively bankrupt. Now ministers have intervened further in a bid to speed up improvements. In a statement, local government minister Simon Hoare said: “The…
Elon Musk, CEO of Tesla and SpaceX, has hinted that Microsoft co-founder Bill Gates could go bankrupt because of his investment in Tesla stock. Musk’s tweet about this has gone viral, bringing attention back to their ongoing feud. The conflict started in 2022 when Gates reportedly lost $1.5 billion due to a short position in…
Last Friday, Neale Jackson and Daniel Stoneman of Calibre Partners were appointed receivers. Plans for a new home at Rotorua’s Mountview Green, as shown on social media. Initial reports on Mountview Green are yet to be issued. “The development Roto Whare owns is known as Mountview Green. It consists of two stages,” Jackson said. AdvertisementAdvertise…
Ascent Resources updated the market on the insolvency proceedings of its former Slovenian joint venture partner Geoenergo on Wednesday, confirming progress in its claims to recover funds. The AIM-traded firm said a Slovenian insolvency court had approved multiple claims submitted by Ascent’s subsidiary, Ascent Slovenia (ASL), though some disputes remained unresolved. It said the court…
Company that ran Auckland festival goes into liquidation Stuff Read the original article here