Today’s guest is Richard E. Farley, author of Drop Dead, a history of how the richest city in America got addicted to spending, saturated in debt, and crashed the municipal bond market—and then managed to get a federal bailout in the nick of time. In 1975, New York City almost went bankrupt. Farley argues that the same conditions are…
A commercial judge has recalled a warrant for diligence on the dependence by arrestment and inhibition granted based on an action raised in England by a Scottish offshore company after finding that there was no real or substantial risk that justified the warrant’s continuation. James Fisher Offshore Ltd, the respondent to the petition raised by…
The Central District Court has appointed a provisional receiver for foodtech company InnovoPro, which produces chickpea protein. The company, which in the past few years has raised millions of dollars, has become insolvent, with debts amounting to NIS 6 million. The court issued a stay of proceedings, freezing lawsuits by creditors, and appointed Adv.…
Desktop Metal Files Bankruptcy After Lawyers Demand Unpaid Fees Bloomberg Read the original article here
Small business restructure approval rates decline as ATO shows its tough side SmartCompany Read the original article here
An insolvency court in Mumbai allowed Supreme Housing and Hospitality Pvt Ltd to exit insolvency proceedings on Wednesday after it reach a settlement with lender ICICI Bank. A detailed order on the matter is awaited. Canara Bank and ICICI Bank had taken Supreme Housing to insolvency court after the realtor defaulted on dues of more…
The Central District Court granted food tech company InnovoPro’s request on Monday to initiate insolvency proceedings after it accumulated debts totaling approximately 6.8 million shekels (around $2 million). Judge Merav Ben-Ari also appointed Attorney Gonen Kestenbaum as a temporary trustee. The court further issued an order prohibiting the company from repaying previous debts and froze…
Helrom, the European pioneers of a side‑loading rail trailer for trucks, is defiant in the face of widely reported difficulties in the boardroom. The company has posted videos of its trains still running, despite reports that the company is in financial difficulties. The company’s Director of Sales, Bruno Weissmann, says Helrom remains on track and…
Exactly one year since Think & Learn Pvt.—the operating entity of India’s flagship edtech company BYJU’s—entered insolvency proceedings, founder Byju Raveendran stepped up his public rhetoric. In a rare and searing LinkedIn post dated July 29, 2025, he accused a group of secondary debt buyers of orchestrating what he calls a “hostile takeover”—not due to…
Frameworks focused on restructuring companies in distress are becoming more transparent in Singapore and Taiwan Singapore’s insolvency and restructuring developments Singapore’s omnibus Insolvency, Restructuring and Dissolution Act, 2018 (IRDA), came into effect on 30 July 2020 and amalgamated its corporate and personal insolvency processes, which were previously in separate statutes. The IRDA also incorporated the…