A judge has hit out at a “half-baked” legal attempt to stop a $1.55 million Liberal loan to save the political future of its former leader. The legal challenge came after the Victorian Liberals’ administrative committee decided to lend former leader John Pesutto money to settle his outstanding defamation debt to MP Moira Deeming. Mr…
CareerBuilder + Monster, which once dominated the online recruitment industry, filed for Chapter 11 bankruptcy protection on Tuesday and said it plans to sell its businesses. Created through the September merger of CareerBuilder and Monster, the Chicago-based company said it agreed to sell its job board operations, its most recognisable business, to JobGet, which has…
A Mississauga couple said they were left with a basement in ruins after the contractor they hired stopped working and left them with a $85,000 loan to pay off. Meadowvale residents Gino and Cristabel Carletti said they hired what they thought was a reputable company, Basilica Construction, to renovate their basement and create a legal…
The number of German companies going bankrupt is continuing to rise, credit agency Creditreform warned on Thursday. The agency says some 11,900 companies will have filed for insolvency by the end of the first half of the year. That would be 9.4% more than in the January-June period of 2024. Although the increase has slowed…
How Abengoa Group impacted the Spanish economy EY Read the original article here
Builder.Ai billed itself as a no-code artificial intelligence platform, and in the end, the company seems to have taken the no-code part too seriously. Once an AI unicorn, today, the Microsoft-backed startup (formerly known as Engineer.ai) has crashed and is going through insolvency proceedings in the US amid allegations of faking its AI tech and…
Swindon & Wiltshire Economy Thursday June 26 2025 Insolvency-related activity fell by slightly in the in Thames Valley and Wiltshire last month, says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe indicated a drop in insolvency-related activities from 233 in April to 223 in May. The figures include…
Last Updated:June 26, 2025, 15:27 IST JAL notified the stock exchanges on Tuesday, June 24, that five resolution plans have been submitted by the deadline set by the appointed resolution professional Jaypee Group enters final bankruptcy stage with five bids. Once a towering name in infrastructure and real estate sectors, the Jaypee Group has officially…
Introduction The Insolvency and Bankruptcy Code (the IBC) enacted in 20161, signifies a substantial reform in India’s legal framework for insolvency resolution. Before its introduction, the country faced a fragmented system composed of multiple laws and adjudicating bodies that frequently resulted in prolonged and inefficient insolvency proceedings. The IBC was created to consolidate these disparate…
NETA Auto’s parent company, Zhejiang Hozon New Energy Automobile, officially filed for bankruptcy last 19 June. According to one of China’s largest news, CCTV, the company was sued by a creditor for debt and liabilities amounting to RMB 5.3 million (AUD 1.14 million) and RMB 1.4 billion (AUD 215 million) respectively. The creditor filing for…