Nylon maker Ascend files for bankruptcy
… Read the original article here
Swiss solar panel maker Meyer Burger files for insolvency for German subsidiaries – Reuters
Swiss solar panel maker Meyer Burger files for insolvency for German subsidiaries Reuters Read the original article here
WA producers hope Brownes Dairy will be purchased by an Australian buyer
Western Australia’s oldest and biggest milk company is up for sale and dairy farmers hope it will be returned to Australian hands. It is understood the Chinese owner of Brownes Dairy, Australian Zhiran, defaulted on its $200 million loan. Brownes Dairy chief executive officer Natalie Sarich-Dayton told the WA Country Hour the sale was not…
Victorian Liberal MP John Pesutto fails to raise $1.5 million for Moira Deeming defamation; faces bankruptcy
Former Victorian Liberal leader John Pesutto failed to raise the money he needs to meet a $2.3 million debt due Friday to fellow MP Moira Deeming, likely triggering bankruptcy proceedings against him as early as Friday or Monday. A party source close to Mr Pesutto said he had only secured about one third of the…
Photovoltaics: Meyer Burger files for insolvency in Germany
Meyer Burger is in serious financial difficulties. Keystone The solar company Meyer Burger has filed for insolvency proceedings to be opened for its two German subsidiaries. The company now intends to continue its efforts to preserve the sites with an insolvency administrator. Meyer Burger announced the move in a press release on Saturday. On the…
Polkinghorne’s rule: Auckland’s Northern Club proposes to suspend members charged with criminal offences or declared bankrupt
Pauline Hanna and Philip Polkinghorne. Polkinghorne was blackballed from the Northern club in November 2024. He was convicted for possessing a meth pipe and 37.7g of methamphetamine. Photo / Norrie Montgomery Hanna, a Counties-Manukau Health procurement executive, 63, was found dead in their Remuera mansion on Easter Monday, 2021. On Thursday, the clause was discussed…
Subpoenas issued after Builder.ai declares insolvency – MSN
Subpoenas issued after Builder.ai declares insolvency MSN Read the original article here
New data shows transport business insolvencies rising in Australia
New Australian Securities & Investments Commission (ASIC) data has revealed mounting financial pressure is leading to more Australian transport and logistics operators being pushed to the brink. The latest data shows insolvencies in the sector is rising, with businesses continuing to struggle amid rising costs, labour shortages, regulatory burdens and falling asset values. Business recovery…
US DNA testing firm 23andMe files for bankruptcy protection after CEO’s failed takeovers
Popular DNA testing company 23andMe has filed for bankruptcy after multiple failed takeover bids by its CEO, petitioning the US Bankruptcy Court to be allowed to sell its assets. Chief financial officer Joe Selsavage will take over as interim CEO from co-founder Anne Wojcicki, who resigned along with the announcement after multiple failed attempts to…
Company pension schemes at employer’s insolvency: Update 2025
Insolvency proceedings against the employer’s assets (insolvency debtor) are initiated if one of the grounds for insolvency as defined in Sections 17f et. of the German Insolvency Code (Insolvenzordnung, InsO) applies (§ 16 InsO), i.e. if the insolvency debtor is either unable to pay (Section 17 InsO), at risk of being unable to pay (Section…