Several notable operators, including Scott’s Refrigerated Logistics, have collapsed in recent years. Photo: Scott’s Mounting financial pressure is pushing more Australian transport and logistics operators to the brink, as insolvencies in the sector accelerate, says a leading business recovery and insolvency firm. Jirsch Sutherland said a combination of rising costs, labour shortages, regulatory burdens and…
Jon Adgemis is bunking down in a Bondi apartment owned by billionaire fund manager Will Vicars, as he battles the threat of bankruptcy and the eviction of his family from a house in Sydney’s wealthy eastern suburbs. Adgemis, a former KPMG dealmaker turned pub owner, lost a key court battle last week against Monaco-based rag…
Ricky Harrison fraudulently obtained four Covid Bounce Back Loans, including three for dormant companies Money from the loans was used by Harrison for his own personal benefit and he attempted to avoid having to make any repayments by applying to have all four of his companies struck-off the Companies House register Harrison has been sentenced…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
he government has pledged to assist the more than 10,000 workers of textile giant PT Sri Rejeki Isman (Sritex) who are without a job after the company ceased operations on Saturday. The layoffs were conducted in phases after Sritex declared bankruptcy in October of last year. Friday of last week was the final day of…
Sweepstakes company Publishers Clearing House goes bankrupt Reuters Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
By Yun Park · April 30, 2025, 5:23 PM EDT A team of lawyers from Pashman Stein Walder Hayden PC is leading the bankruptcy case of Creativemass, the developer of a wealth management software app, as the business looks to wind down… To view the full article, register now. Read the original article here
CustomCells Files for Insolvency Proceedings for Key Operating Entities Insolvency of major customer Lilium has significant impact Business operations to continue / Employee salaries secured through June 2025 Investor process to be relaunched Kiel / Itzehoe / Tübingen, April 30, 2025 – German battery pioneer CustomCells has filed for insolvency proceedings for the group’s key operating…
Another Canadian retailer has sought creditor protection amid financial struggles. Hakim Optical, a large eyewear and optical chain with more than 140 stores across Canada, is the latest company to file for creditor protection under the Bankruptcy and Insolvency Act. But the stores may remain open. The company filed a Notice of Intention to Make…