Creditors owed more than $200 million by a renewable energy retailer backed by former Rudd government climate adviser Ross Garnaut will be lucky to get 10¢ on the dollar, with most likely to receive nothing at all. Zen Energy’s administrator, McGrathNicol, told creditors the business had failed because its business model – buying renewable energy…
By Harry Mottram: The owners of high street shops, manufacturing outfits, logistic companies and Britain’s many thousands of SMEs must scratch their heads when they look at what has happened to Sheffield Wednesday FC this year. Insolvent, in administration and up for sale with £80m of debt, surely the club would have to be liquidated? Not…
Earth Overshoot Day is calculated by the Global Footprint Network using UN and other official datasets to estimate two big numbers: the Earth’s annual “biocapacity” (how much biological resource nature can renew in a year) and humanity’s ecological footprint (our demand for land, food, energy and materials during the same period). Dividing one by the…
PHOENIX – Valley favorite Salad and Go is closing all of its locations Aug. 5 as it filed for bankruptcy, the company said on Tuesday. What we know: “Salad and Go today announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court…
PHOENIX (AZFamily) — A popular Arizona salad chain is closing its doors permanently after filing for Chapter 11 bankruptcy. Salad And Go will serve its last customers on Wednesday, the company said in a statement on Tuesday. “This is a painful day for everyone who built, worked for and loved Salad and Go,” said Mike…
The Joint Committee of Parliament on the Corporate Laws (Amendment) Bill, 2026 has recommended that dedicated IBC benches at the National Company Law Tribunal (NCLT) for insolvency cases be constituted as a binding statutory obligation rather than left to administrative discretion, and has doubled the monetary threshold for summary liquidation to Rs 2 crore. In…
According to the court decision, Mr Johnston and Mr Monks directed four separate transfers in 2022 totalling $2.88 million, held by Pieman Resources after the sale of its interest in the Beaconsfield gold mine, to two entities on which they served as directors. Read the original article here
Good Natured Products Industrial Canada LP and five related operating companies filed notices of intention to make a proposal on June 22, 2026, followed by their Brampton real estate holding company on July 10, as the sustainable-packaging group sought protection to complete a going-concern sale to Jones Healthcare Group. Justice Steele extended the stay through…
Final Bell Holdings International Ltd., a Vancouver-based cannabis services and hardware company, made a voluntary assignment in bankruptcy on July 28, 2026. Its statement of affairs lists approximately $46.6 million in liabilities against assets with an estimated realizable value of $3, leaving a deficiency of approximately $46.6 million. Almost the entire debt is attributed to…
1001281812 Ontario Inc., operating as TNP Panel Company, and related companies TRS Components Ltd., Plant 22 Ltd. and 976711 Ontario Inc., operating as Terra Nova Truss (collectively, the “TRS Companies”), were placed into receivership on July 31, 2026. Celina Capital Corporation brought the receivership application in respect of TNP, while Bank of Montreal brought the…