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Category Archives: Bankruptcy

Air Belgium files for bankruptcy. Can travelers get a refund?

BankruptcyBy EditorMay 23, 2025

A major airline in Europe that flies internationally recently filed for bankruptcy and is liquidating its assets. Air Belgium was declared bankrupt by the local Walloon Brabant court on April 30, 2025. The international airline experienced many financial hardships since the COVID pandemic began. The company announced in 2023 that it would cancel all remaining…

Italian concept store Modes goes into liquidation

BankruptcyBy EditorMay 23, 2025

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Italian concept store Modes goes into liquidation

BankruptcyBy EditorMay 23, 2025

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Italian concept store Modes goes into liquidation

BankruptcyBy EditorMay 23, 2025

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

South Yorkshire steel firm insolvency on hold over possible buyer

BankruptcyBy EditorMay 23, 2025

Oli Constable/BBC A winding up petition was lodged against Speciality Steel UK Limited over unpaid debt A South Yorkshire steel company has avoided insolvency for the moment after a potential buyer was found, the High Court has heard. Speciality Steel UK (SSUK), part of the Liberty Steel Group founded by Sanjeev Gupta, employs 1,450 people…

Italian concept store Modes goes into liquidation

BankruptcyBy EditorMay 23, 2025

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Air Belgium has gone bankrupt, and thousands of passengers are unlikely to get refunds

BankruptcyBy EditorMay 23, 2025

A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month, leaving “thousands unlikely to receive refunds”, and putting the financial burden on travel intermediaries. Air Belgium, a cargo airline that used to run passenger flights, has been taken over by a shipping company after the…

Air Belgium has gone bankrupt and thousands of passengers are unlikely to get refunds

BankruptcyBy EditorMay 23, 2025

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month, leaving “thousands unlikely to receive refunds”, and putting the financial burden…

Katie Price’s torrid 12 months from dramatic tweakments to bankruptcy woes

BankruptcyBy EditorMay 22, 2025

Over the last 12 months, Katie Price has been embroiled in ongoing drama over her bankruptcy, undergone a whole host of cosmetic procedures – and her romance with JJ Slater has been plagued by rumours 13:26, 22 May 2025Updated 13:32, 22 May 2025 Katie’s last year has been a whirlwind(Image: Instagram) The last year has…

Hong Leong Bank negligently released RM1.2mil to insolvency dept, rules court

BankruptcyBy EditorMay 22, 2025

The Court of Appeal has ordered Hong Leong Bank to pay RM1,270,262.15 to Ten Jing Enterprise Sdn Bhd, together with interest and costs, after finding the bank guilty of negligence in the release of company funds. PUTRAJAYA: The Court of Appeal has affirmed that Hong Leong Bank was negligent in breaching a seizure order under…

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