Good news for the digital printing company Landa Digital Printing, founded by entrepreneur Benny Landa, which has accumulated debts of approximately 1.7 billion shekels (most of it owed to investors and shareholders). The Central District Court on Thursday issued an order to stay proceedings against the company and appointed CPA Shlomi Filiba and Adv. Sigal…
A Christchurch painting and maintenance contractor has gone into liquidation owing creditors an estimated $2.6 million. The collapse of Phil Clarke & Son Ltd has left staff out of pocket by about $100,000 in wages and holiday pay, while Inland Revenue (IRD) is owed $1.8m. The business was placed into liquidation on July 8 by…
A significant uptake in small business restructurings (SBRs) over the last few years, and other data, suggest the SBR regime is playing an important role in assisting struggling small businesses to survive, a new ASIC report reveals. Report 810 Review of small business restructuring process: 2022–24 (REP 810) showed there were 3,388 SBR appointments that…
Lincolnshire Police could declare itself ‘bankrupt’ – the effects explained Lincolnshire Live Read the original article here
risk management gaps for New Zealand companies Meys noted that while D&O insurance is intended to protect directors, officers, and senior managers from legal claims, the insolvency exclusion can leave key decision-makers personally exposed during periods of financial instability. Read the original article here
The continued surge in building industry insolvencies is showing no signs of abating and widespread hopes, or even expectations, that construction costs will fall and come to the rescue appear overly optimistic. In the first seven months of this financial year, 1,999 construction firms were declared insolvent. This was 26 per cent higher than the…
Chemical recycler Fuenix Ecogy goes bankrupt Sustainable Plastics Read the original article here
It’s a hard time to be a company. There seems to be no end to the series of catastrophes affecting us: COVID, an economic meltdown, trade wars, and the cancellation of Bojack Horseman on Netflix. Companies are feeling most of these disasters, and many are declaring bankruptcy. You are a creditor and they owe you.…
Ransomware and Data Extortion Attacks in Insolvency Scenarios FTI Consulting Read the original article here
Dentons Link Legal successfully defends Mr. Vijay Biyani in Personal Insolvency Proceedings before NCLT Mumbai Dentons Read the original article here