Romanian low-cost carrier Blue Air goes bankrupt – SeeNews
Romanian low-cost carrier Blue Air goes bankrupt SeeNews Read the original article here
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Affimed Announces Filing for the Opening of Insolvency Proceedings
Affimed N.V. MANNHEIM, Germany, May 13, 2025 (GLOBE NEWSWIRE) — Affimed N.V. (Nasdaq: AFMD), a clinical-stage immuno-oncology company committed to giving patients back their innate ability to fight cancer, today announced its decision to file an application for opening of insolvency proceedings with the local court of Mannheim in Germany. As previously reported, Affimed N.V.…
GAC-FCA joint venture officially declared bankrupt by court
A Hunan court confirmed the Stellantis joint venture was unable to repay debts despite a major sell-off of assets. By Stewart Burnett A court in China’s Hunan province has declared GAC Fiat Chrysler Automobiles (GAC-FCA) bankrupt, ending the troubled joint venture between Stellantis and the state-owned Guangzhou Automobile Group. The bankruptcy administrator confirmed the company…
Regional airline declares bankruptcy, customers may not get refunds – TheStreet
Regional airline declares bankruptcy, customers may not get refunds TheStreet Read the original article here
GAC Fiat Chrysler joint venture declared bankrupt in China
The troubled joint venture between Stellantis and China’s Guangzhou Automobile Group, GAC Fiat Chrysler Automobiles, has officially been declared bankrupt, the company confirmed on Tuesday. In a social media post, the joint venture shared images of a bankruptcy ruling issued by a court in Hunan province, formally marking the end of the business, which has…
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Chorley company directors banned for failing to pay tax
Stuart Edward Hutchinson, 38, and Lauren Hutchinson, 34, were directors of Adlington Electrical Limited (AEL), based in Chorley. Both were found to have allowed the company to trade to the detriment of HM Revenue & Custom (HMRC), despite having significant income during that time. According to the Insolvency Service, they failed to submit VAT returns and…
$43k fine for undischarged bankrupt doctor who failed to disclose assets worth over $4m
SINGAPORE – An undischarged bankrupt doctor with a total debt of nearly $48 million owing to his creditors as at May 28 failed to disclose assets worth more than $4 million to the authorities. Goh Seng Heng, 70, who founded the PPP Laser Clinic chain, was fined $43,000 on July 9 after he pleaded guilty…
Romanian airline Blue Air declared bankrupt
Blue Air Aviation S.A. has officially entered bankruptcy following a decision approved by its creditors and announced by Infinexa, the Romanian company appointed as judicial administrator. Infinexa, which specializes in restructuring and financing distressed businesses, cited the airline’s failure to secure a strategic investor and its mounting losses as key reasons for initiating the proceedings.…