NCLAT Fortnightly: Important orders on IBC (February 16 – February 28, 2025) – Bar and Bench
NCLAT Fortnightly: Important orders on IBC (February 16 – February 28, 2025) Bar and Bench Read the original article here
Tasmanian Treasurer Michael Ferguson hits back after The Australian reports 30-year-old bankruptcy history
Tasmania’s Treasurer Michael Ferguson has hit back at what he describes as a “toxic smear campaign” over the reporting of a personal bankruptcy from 30 years ago. The matter surfaced on Friday afternoon in The Australian, which reported Mr Ferguson had a debtor’s petition accepted in February 1994, which was discharged six months later. Mr…
Interior chain Rivièra Maison collapses after years of losses
The Dutch home goods retail chain Rivièra Maison has been declared bankrupt. The family business, known for its country style, has been struggling with financial problems for several years. Seven physical stores and around 300 employees have been affected. “Ralph Lauren of home decor” According to insiders, the situation at Rivièra Maison deteriorated rapidly in…
Judge slams ‘half baked’ legal fight after Liberal loan
A judge has hit out at a “half-baked” legal attempt to stop a $1.55 million Liberal loan to save the political future of its former leader. The legal challenge came after the Victorian Liberals’ administrative committee decided to lend former leader John Pesutto money to settle his outstanding defamation debt to MP Moira Deeming. Mr…
Once-dominant online job boards CareerBuilder, Monster go bankrupt
CareerBuilder + Monster, which once dominated the online recruitment industry, filed for Chapter 11 bankruptcy protection on Tuesday and said it plans to sell its businesses. Created through the September merger of CareerBuilder and Monster, the Chicago-based company said it agreed to sell its job board operations, its most recognisable business, to JobGet, which has…
Couple on hook for $85K loan after bankrupt company left basement gutted in Mississauga
A Mississauga couple said they were left with a basement in ruins after the contractor they hired stopped working and left them with a $85,000 loan to pay off. Meadowvale residents Gino and Cristabel Carletti said they hired what they thought was a reputable company, Basilica Construction, to renovate their basement and create a legal…
German company bankruptcies at 10-year high
The number of German companies going bankrupt is continuing to rise, credit agency Creditreform warned on Thursday. The agency says some 11,900 companies will have filed for insolvency by the end of the first half of the year. That would be 9.4% more than in the January-June period of 2024. Although the increase has slowed…
How Abengoa Group impacted the Spanish economy – EY
How Abengoa Group impacted the Spanish economy EY Read the original article here
How Microsoft Backed Unicorn Blew $450 Mn
Builder.Ai billed itself as a no-code artificial intelligence platform, and in the end, the company seems to have taken the no-code part too seriously. Once an AI unicorn, today, the Microsoft-backed startup (formerly known as Engineer.ai) has crashed and is going through insolvency proceedings in the US amid allegations of faking its AI tech and…
Slight fall in insolvency-related activity in Thames Valley
Swindon & Wiltshire Economy Thursday June 26 2025 Insolvency-related activity fell by slightly in the in Thames Valley and Wiltshire last month, says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe indicated a drop in insolvency-related activities from 233 in April to 223 in May. The figures include…