APUS Zero Emission Faces Provisional Insolvency Update – FuelCellsWorks
APUS Zero Emission Faces Provisional Insolvency Update FuelCellsWorks Read the original article here
Luxembourg jobs at risk as interior design firm Casa files for bankruptcy
Interior design firm Casa filed for bankruptcy in a Belgian court on Wednesday, raising questions over the future of the company’s stores and employees in Luxembourg. Casa has eight stores across the Grand Duchy and its latest annual results listed 26 employees in the country in 2023. The Luxembourg stores “will remain open” for the…
Insolvency & Restructuring Group 2024 Year in Review | Insights
The MLT Aikins insolvency and restructuring practice group carried out assignments in 2024 as counsel to debtor companies, lenders and court officers administering insolvency proceedings. Notable highlights are as follows. View pdf version Alberta assignments Tallahassee Exploration Inc. (Receivership)Ryan Zahara and Molly McIntosh acted as counsel to the Orphan Well Association (“OWA”) and the British…
Meet man who spent Rs 550 crore on daughter’s marriage, later declared bankrupt, went to jail, brother of richest Indian in…
His brother is an Indian billionaire with a net worth of USD 18.5 billion, as per Forbes. Several businessmen were once billionaires, but later they went bankrupt. They had to rely on family income for daily expenses. In this article, we will tell you about the story of one such person, who spent a whopping…
Surrey developer seen gambling in Las Vegas after bankruptcy
Thomas Alexander Ross, 44, racked up debts into the tens of millions. Most creditors were paid nothing when bankruptcy trustees published their final report in August 2024, as the sale of his assets didn’t even cover what he owed to banks, who get first dibs on any cash raised. So they were horrified to discover…
Selina Israel seeks liquidation after parent company’s asset sale
Selina Operation Israel, a holding company that owned multiple subsidiaries previously operating hostels and hotels across Israel, has petitioned the court for dissolution, effectively seeking the liquidation of the group. The company ceased operations in August 2024 after its UK-based parent company, Selina Hospitality PLC, entered insolvency proceedings in England, leading to the appointment of…
Jersey – Creditor-Driven Winding up Regime in Jersey – Lexology
Jersey – Creditor-Driven Winding up Regime in Jersey Lexology Read the original article here
#SHOWBIZ: HK actor Vinci Wong declared bankrupt after allegedly owing RM1.6 million – New Straits Times
#SHOWBIZ: HK actor Vinci Wong declared bankrupt after allegedly owing RM1.6 million New Straits Times Read the original article here
Steel group Liberty puts Romanian subsidiary under pre-insolvency procedures amid US tariffs
Integrated steel mill Liberty Galati in Romania (formerly Sidex), with a liquid steel capacity of 3 million tonnes, part of steel group Liberty, announced on March 4 that it entered the pre-insolvency procedure “to stabilise the business, optimizing the allocation of resources and opening up new investment opportunities.” The measure is taken in the context…
Surrey developer who left friends out of pocket seen gambling in Vegas
Former pals left struggling by a Surrey property developer’s bankruptcy were furious when footage emerged of him gambling in Las Vegas while their bills remained unpaid. Thomas Alexander Ross, 44, racked up debts into the tens of millions. Most creditors were paid nothing when bankruptcy trustees published their final report in August 2024, as the…