Category Archives: Bankruptcy

Builder.ai, Backed by Microsoft, Reportedly Preparing for Bankruptcy Filing

Weeks after Builder.Ai Datalabs_in-article-icon admitted “problems” under its past leadership, the Microsoft-backed enterprise tech startup is now reportedly commencing insolvency proceedings. A company spokesperson told TechCrunch that Builder.ai’s parent , Engineer.ai Corporation, will be “entering into insolvency proceedings” and has appointed an administrator to “manage the company’s affairs”. “Despite the tireless efforts of our current…

Director disqualified for 11 years after dishonestly securing Covid loan for Lincoln plumbing and heating company

Carl Barnes applied for a Bounce Back loan of £47,500 for Central Plumbing & Heating Lincoln Ltd.    He declared the company had a turnover of £340,000 when in reality it was nothing.    Barnes has been banned as a company director for 11 years. The Secretary of State accepted a voluntary disqualification undertaking offered by him.    The…

Italian concept store Modes goes into liquidation

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Air Belgium files for bankruptcy. Can travelers get a refund?

A major airline in Europe that flies internationally recently filed for bankruptcy and is liquidating its assets. Air Belgium was declared bankrupt by the local Walloon Brabant court on April 30, 2025. The international airline experienced many financial hardships since the COVID pandemic began. The company announced in 2023 that it would cancel all remaining…

Italian concept store Modes goes into liquidation

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Italian concept store Modes goes into liquidation

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Italian concept store Modes goes into liquidation

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

South Yorkshire steel firm insolvency on hold over possible buyer

Oli Constable/BBC A winding up petition was lodged against Speciality Steel UK Limited over unpaid debt A South Yorkshire steel company has avoided insolvency for the moment after a potential buyer was found, the High Court has heard. Speciality Steel UK (SSUK), part of the Liberty Steel Group founded by Sanjeev Gupta, employs 1,450 people…

Italian concept store Modes goes into liquidation

Translated by Nicola Mira Published May 22, 2025 … Read the original article here

Air Belgium has gone bankrupt, and thousands of passengers are unlikely to get refunds

A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month, leaving “thousands unlikely to receive refunds”, and putting the financial burden on travel intermediaries. Air Belgium, a cargo airline that used to run passenger flights, has been taken over by a shipping company after the…