Altice France files for Chapter 15 bankruptcy in US – Data Center Dynamics
Altice France files for Chapter 15 bankruptcy in US Data Center Dynamics Read the original article here
What Happens If a State Goes Bankrupt?
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…
Albonomics’ delivers worst year ever for business failures
THE HON SUSSAN LEY MP DEPUTY LEADER OF THE OPPOSITION SHADOW MINISTER FOR INDUSTRY, SKILLS AND TRAINING SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS SHADOW MINISTER FOR WOMEN FEDERAL MEMBER FOR FARRER The official ASIC insolvency data, updated Monday, shows there have been almost 26,000 business insolvencies since the Albanese Government was elected and confirmed November…
Solar Co. Meyer Burger Can Tap $10M DIP To Fund Ch. 11 Sale
By Clara Geoghegan · June 26, 2025, 4:46 PM EDT Swiss solar panel maker Meyer Burger’s U.S. unit secured a Delaware bankruptcy judge’s interim approval Thursday for a $10 million debtor-in-possession loan as it looks to sell two manufacturing sites in… To view the full article, register now. Read the original article here
NCLAT Fortnightly: Important orders on IBC (March 1 – March 15, 2025) – Bar and Bench
NCLAT Fortnightly: Important orders on IBC (March 1 – March 15, 2025) Bar and Bench Read the original article here
CAM Advised Central Bank of India On Its Joint Venture With Generali Participations Netherlands N.V. & Related Transactions – BW Legal World
CAM Advised Central Bank of India On Its Joint Venture With Generali Participations Netherlands N.V. & Related Transactions BW Legal World Read the original article here
Gerry Weber goes bankrupt again
After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years The Bielefeld District Court has opened self-administered insolvency proceedings for Gerry Weber’s holding company and has reappointed restructuring expert Christian Gerloff – who was…
Rolex, Pagets and other luxury rare watches in collection up for sale after owner went bankrupt
In a three-year spending spree, a would-be watch aficionado in Melbourne bought scores of Rolexes, Piagets and other luxury timepieces, building a collection worth more than $2 million. Then something went wrong. The 95 watches – meticulously documented and many of which have never been worn – are up for sale after the owner went…
Noel Edmonds’ £300million bank fraud case explained
27 June 2025, 14:59 The TV host said his business, Unique Group, was destroyed by corrupt bankers. Picture: Alamy The Deal or No Deal presenter claimed he was the victim of a multi-million pound fraud that destroyed his business. Noel Edmonds fronted popular TV show Deal or No Deal featuring the infamous Banker for many…
Annual Review of Insolvency Practitioner Regulation 2024
1. Overview The Insolvency Service is an executive agency of the Department for Business and Trade (DBT) and helps deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors. Acting as oversight regulator of Insolvency Practitioners (IPs) on behalf of the Secretary of State for DBT, the Insolvency…