By William Janes ( June 26, 2025, 5:32 PM BST) — The first half of 2025 has seen a surge in companies filing for restructuring plans amid increasing financial distress caused by geopolitical troubles and the advent of AI, according to a LexisNexis report published Thursday on the fifth anniversary of the introduction of the…
Advisors appointed around six more companies including Godwin BTR Services and Godwin Development Services Want to read the full article? You must be a subscriber to our UK/Europe news coverage to read this article. Please Login or Subscribe Read the original article here
Photo: Meyer Burger Swiss solar manufacturer Meyer Burger has filed for voluntary Chapter 11 bankruptcy relief in the US after filing for insolvency proceedings earlier this month in Germany. June 27, 2025: In a court filing on Wednesday, Meyer Burger stated that it was starting the Chapter 11 bankruptcy process in the US. The company…
The iconic Dutch interior brand Rivièra Maison has been declared bankrupt. Founder and director Henk Teunissen has confirmed this to the editorial team of Wonen360. He will respond in detail to the situation at a later stage. ‘We are devastated,’ he said, visibly shaken. Founded in 1985, Rivièra Maison grew under Teunissen’s leadership from…
Reggae band UB40 headlined Glastonbury back in 1983 during the peak of their career as part of a line-up which also featured Curtis Mayfield, The Beat and King Sunny Ade, among others. Despite grossing millions from their hits, including Red Red Wine, UB40 has experienced significant financial difficulties, with four members being declared bankrupt. In…
After the Waaree takeover, Indosolar’s fortunes improved: the formerly loss-making company posted a net profit of ₹9.48 crore for Q3 of FY25 | Photo Credit: iStockphoto Shareholders of erstwhile Indosolar were in for a pleasant surprise last week. Those who thought their investment had vanished saw the stock rise like a phoenix. Indosolar was acquired…
The Supreme Court has ruled that the NBU’s decision on the insolvency of Subotin’s Megabank is legal Sofiia Afonina News editor at LIGA.net 12:03 … Read the original article here
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…
Close on the heels of its German subsidiaries filing for insolvency, Meyer Burger and its subsidiaries and debtor affiliates in the U.S. have filed for Chapter 11 protection in the Bankruptcy Court for the District of Delaware. The company has filed for bankruptcy for its debtor affiliates Meyer Burger (Arizona), Meyer Burger (Americas), Meyer Burger…
Huge solar equipment manufacturer files for Chapter 11 bankruptcy TheStreet Read the original article here