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Category Archives: Bankruptcy

Petrofac tests cross-class cram downs — Financier Worldwide

BankruptcyBy EditorNovember 5, 2025

As the latest development in a trilogy of Court of Appeal rulings on restructuring plans under part 26A of the Companies Act 2006 – the first two being Strategic Value Capital Solutions Master Fund LP v AGPS Bondco plc (2024) and Kingston S.A.R.L. & Another v Thames Water Utilities Holdings & Ors (2025) – the…

Innovative automotive company files Chapter 7 bankruptcy – TheStreet

BankruptcyBy EditorNovember 5, 2025

Innovative automotive company files Chapter 7 bankruptcy  TheStreet Read the original article here

First Brands Files Fraud Lawsuit Against Former CEO Patrick James – The BRAKE Report

BankruptcyBy EditorNovember 5, 2025

First Brands Files Fraud Lawsuit Against Former CEO Patrick James  The BRAKE Report Read the original article here

Court places 23 Lakea housing companies into bankruptcy – Helsinki Times

BankruptcyBy EditorNovember 5, 2025

Court places 23 Lakea housing companies into bankruptcy  Helsinki Times Read the original article here

Council worker who stole £1m from taxpayers made bankrupt with £700,000 in debt

BankruptcyBy EditorNovember 4, 2025

Michael Patterson was jailed for four years after stealing over £1m from taxpayers. 11:25, 04 Nov 2025Updated 11:34, 04 Nov 2025 Michael Paterson enjoyed a lavish lifestyle while embezzling more than £1m from Aberdeen City Council(Image: Facebook) A council employee who funded a lavish lifestyle by stealing more than £1 million from taxpayers has been…

American airline announces immediate shutdown after 66 years of service

BankruptcyBy EditorNovember 4, 2025

By ERIN DEBORAH WAKS, TRAVEL WRITER Published: 22:07 AEDT, 4 November 2025 | Updated: 02:06 AEDT, 5 November 2025 An American airline has announced its immediate shutdown after 66 years of service. Kenai Aviation has declared itself ‘financially insolvent’ and ceased operations, cancelling all flights. The owner of Kenai Aviation, Joel Caldwell, issued a statement expressing…

Homebuyers’ Interest Paramount in Real Estate Insolvency: Allahabad HC Orders Revival of Stalled Greater Noida Project

BankruptcyBy EditorNovember 4, 2025

Homebuyers’ Interest Paramount in Real Estate Insolvency: Allahabad HC Orders Revival of Stalled Greater Noida Project | Homebuyers’ Interest Paramount in Real Estate Insolvency: Allahabad High Court Orders Revival of Stalled Greater Noida Project Read the original article here

2003 England hero rocked by tragedy and scandal is now bankrupt – Ruck.co.uk

BankruptcyBy EditorNovember 4, 2025

2003 England hero rocked by tragedy and scandal is now bankrupt  Ruck.co.uk Read the original article here

NCLT Mumbai Directs BSE and CDSL To Lift Debit Freeze On Future Group Company's Demat Account – BW Legal World

BankruptcyBy EditorNovember 4, 2025

NCLT Mumbai Directs BSE and CDSL To Lift Debit Freeze On Future Group Company’s Demat Account  BW Legal World Read the original article here

2003 England hero rocked by tragedy and scandal is now bankrupt – Ruck.co.uk

BankruptcyBy EditorNovember 4, 2025

2003 England hero rocked by tragedy and scandal is now bankrupt  Ruck.co.uk Read the original article here

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