(Reuters) -French heart prosthesis company Carmat has filed for insolvency and requested to be placed in receivership after failing to secure emergency funding, it said on Monday. Trading in Carmat shares have been suspended at the company’s request, it said, pending a decision by the the Versailles Economic Affairs Court. Carmat, which had warned earlier…
Prohire Limited, a long-established name in the UK commercial vehicle contract hire and fleet management sector, has formally entered the initial stages of insolvency proceedings. A Notice of Intent (NOI) to appoint an administrator was filed on 27 June 2025, a move which legally protects the company from creditor action for ten business days while…
CARMAT Announces Filing Today for Insolvency and Requesting Being Placed in Receivership Business Wire Read the original article here
Hospitality dips, retail stumbles: What PwC’s new insolvency barometer reveals Business Post Read the original article here
Anne Marie Aaronson Dilworth Paxson Philadelphia Business Litigation, esp. Bankruptcy & Reorganization Derek C. Abbott Morris Nichols Wilmington, Del. Bankruptcy & Reorganization, esp. Litigation Jonathan E. Aberman Troutman Pepper Chicago Bankruptcy, Restructuring & Litigation Jacob A. Adlerstein Paul Weiss New York Bankruptcy & Corporate Restructuring David A. Agay McDonald Hopkins Chicago Business Restructuring Rachel Ehrlich…
Le Coq Sportif, one of the oldest sports brands in France and Europe, has entered bankruptcy proceedings at the Commercial Court of Paris. This unfortunate news was announced some time ago, given the many financial problems of the brand with the Rooster, now 75% controlled by the Airesis group, which acquired the shares in 2005.…
CLE ELUM, Wash. — The city of Cle Elum has declared bankruptcy, leaving the small Kittitas County town grappling with uncertainty about its future. The town, named by the Kittitas Tribe after the nearby “swift water,” now finds itself financially underwater. “It’s a wonderful rural town, just a wonderful place,” said Shawn Daly, a resident…
Queensland Premier David Crisafulli failed to declare a $200,000 payout to liquidators pursuing an insolvent trading claim against him, a parliamentary committee has found. The failure of Mr Crisafulli to list the liability on his MP register of interests was “careless”, the bipartisan ethics committee found in a report tabled on Friday. But the committee…
Altice France files for Chapter 15 bankruptcy in US Data Center Dynamics Read the original article here
State bankruptcies became a topic of concern in 2017 when Puerto Rico, a U.S. territory, filed for bankruptcy, spotlighting the vulnerabilities in public finances. Even earlier, analysts were warning of the deteriorating financial health of various states. While no U.S. state has ever declared bankruptcy – and with the exception of Arkansas in 1933, no…