Insolvency Department aims to release 200,000 from bankruptcy by end of 2025 – NST Online
Insolvency Department aims to release 200,000 from bankruptcy by end of 2025 NST Online Read the original article here
This Premier League star who played for Newcastle and Fulham declared bankrupt – NationalWorld
This Premier League star who played for Newcastle and Fulham declared bankrupt NationalWorld Read the original article here
Business insolvencies hit four-year high as price pressures squeeze hospitality and construction sectors
The rate of business closures in Australia has reached a four-year high, with higher cost of living pressures facing households contributing to more companies shutting up shop. Data released by debt-monitoring firm CreditorWatch showed the failure rate of businesses rose to 5.04 per cent in October — the highest since the peak of the COVID-19…
Big relief to Vodafone-Idea amid insolvency threat as govt mulls options on Rs 840000 crore debt, says only two ways to…
Home Business Big relief to Vodafone-Idea amid insolvency threat as govt mulls options on Rs 840000 crore debt, says only two ways to… The Union government sees two only methods to help save Vodafone-Idea (Vi) from insolvency. (File) In a major relief for Vodafone Idea (Vi)– India’s third-largest telecom services provider– the Central government is…
Jaiprakash Associates Insolvency: Vedanta, Adani among others submit resolution plans for acquisition – Companies
Earlier in April, as many as 25 companies shared their interest in acquiring Jaiprakash Associates Ltd ( JAL ). Apart from this, earlier this month, lenders of JAL extended the deadline for submission of resolution plans to June 24 following the request of prospective bidders. Read the original article here
Foreign insolvency judgments in South Africa
The recent decision by the full bench of the Gauteng Division of the High Court in Ellison v Breytenbach N.O and Another (A278/2022) [2025] ZAGPPHC 565 (5 June 2025) sheds light on how South African courts handle the recognition of foreign insolvency judgments. The appellant was declared bankrupt in the UK in 2000 (UK bankruptcy…
Cle Elum declares bankruptcy over $26M debt
SEATTLE – The city of Cle Elum, Washington, filed for bankruptcy Tuesday after failing to reach a deal with a developer over a $26 million debt stemming from a legal dispute over a long-delayed housing project. In a declaration with the U.S. Bankruptcy Court for the Eastern District of Washington, Cle Elum Mayor Matthew Lundh…
Andrew Roberts makes bid to avoid liquidation with $20m staff payment plan
Roberts Co Tycoon Andrew Roberts has proposed a deal for his collapsed building empire that will see him tip in about $20m to pay staff, but some tradies and larger creditors are likely to be short-changed in the fallout from the construction company’s insolvency. The son of Multiplex founder John Roberts will exit his costly…
IBC bidding deadline for Jaiprakash Associates ends today; ₹57,000 crore debt at stake
The deadline to submit bids for Jaiprakash Associates under the bankruptcy process ends today, marking a crucial step in one of the most closely tracked insolvency cases in recent times. With over ₹57,000 crore in debt at stake, lenders are hoping that serious bidders will now come forward after earlier deadline extensions. Sources told CNBC-TV18,…
Gardener’s Supply Company files for bankruptcy
A United States home improvement company has filed for bankruptcy. The company has been around for about four decades, although business has slowed in recent years. TheStreet reports how Gardener’s Supply Company — a Burlington, Vermont-based company that claims to be 100 percent employee-owned — filed in the U.S. Bankruptcy Court for the District of…