The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat. Five companies declared bankruptcy The commercial court in Antwerp declared…
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire Corporate insolvencies increased by 1.4% in July 2025 to a total of 2,081 compared to June 2025’s total of 2,053, and slightly increased by 0.1% compared to July 2024’s figure of 2,078. Corporate insolvencies increased by 15.2% from July 2023’s…
7Anna files for bankruptcy as cycling industry faces post-COVID shakeout Bike Europe Read the original article here
Adgemis debt bomb tops $1.8bn, but he still only has $3.79 The Australian Read the original article here
A profitable professional services company. Three decades of consistent dividends. A comprehensive shareholder agreement that looked bulletproof on paper. Yet when two major shareholders decided to exit, the company was 24 hours away from insolvency. The twist? Their accountant had reviewed this shareholder agreement multiple times over the years and never spotted the fatal flaw. …
Melb builder probed for alleged insolvent trading in $4m collapse Herald Sun Read the original article here
Embattled hospitality entrepreneur Jon Adgemis has been paying $60,833 per month in rent to billionaire Will Vicars and funding his “extravagant lifestyle” via company loans and fees earned from his refinancing deal with Deutsche Bank, according to an updated report from his trustee. The trustee, WLP Restructuring, who was placed in charge of Adgemis’ affairs…
Once-Booming Cycling Industry Now in Crisis: Another Brand Folds bikemag.com Read the original article here
CHENNAI: The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Central Bank of India against the resolution plan for bankrupt real estate firm Neptune Developers Pvt. Ltd. The tribunal ruled that as a dissenting financial creditor, the bank cannot block a plan that has already been approved by the Committee of…
MUMBAI: The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by the Central Bank of India challenging the approval of a resolution plan for Neptune Developers Pvt. Ltd, a bankrupt real estate company. The tribunal ruled that as a dissenting financial creditor, the bank cannot block a plan endorsed by the Committee of…