Jersey – Creditor-Driven Winding up Regime in Jersey – Lexology
Jersey – Creditor-Driven Winding up Regime in Jersey Lexology Read the original article here
#SHOWBIZ: HK actor Vinci Wong declared bankrupt after allegedly owing RM1.6 million – New Straits Times
#SHOWBIZ: HK actor Vinci Wong declared bankrupt after allegedly owing RM1.6 million New Straits Times Read the original article here
Steel group Liberty puts Romanian subsidiary under pre-insolvency procedures amid US tariffs
Integrated steel mill Liberty Galati in Romania (formerly Sidex), with a liquid steel capacity of 3 million tonnes, part of steel group Liberty, announced on March 4 that it entered the pre-insolvency procedure “to stabilise the business, optimizing the allocation of resources and opening up new investment opportunities.” The measure is taken in the context…
Surrey developer who left friends out of pocket seen gambling in Vegas
Former pals left struggling by a Surrey property developer’s bankruptcy were furious when footage emerged of him gambling in Las Vegas while their bills remained unpaid. Thomas Alexander Ross, 44, racked up debts into the tens of millions. Most creditors were paid nothing when bankruptcy trustees published their final report in August 2024, as the…
NCLAT overturns CCD’s insolvency plea in a Rs 228 crore default case
The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Coffee Day Enterprises. The company, which runs CCD chains, in an exchange filing, said that the NCLAT allowed its appeal and set said last year’s National Company Law Tribunal (NCLT) order initiating the insolvency proceedings. In August 2024, NCLT ordered insolvency proceedings…
Exela Units File for Bankruptcy Amid $1.3B Debt
In a dramatic turn of events, approximately 60 subsidiaries of business process automation firm Exela Technologies Inc. have filed for Chapter 11 bankruptcy in Texas, weighed down by a staggering $1.3 billion in debt. The move, which follows years of financial turbulence, includes a prearranged restructuring plan designed to stabilize the company’s operations and navigate…
CCI Approves JSW Energys Acquisition Of KSK Mahanadi Power Company – NDTV Profit
CCI Approves JSW Energys Acquisition Of KSK Mahanadi Power Company NDTV Profit Read the original article here
Hidroconstrucția distributed EUR 16 million to creditors and closed 2024 with profit
Infinexa, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, managing assets worth over EUR 155 million, announces that in 2024, Hidroconstrucția, a company undergoing insolvency proceedings, distributed over EUR 16 million to its creditors. Of this amount, EUR 10.7 million came from asset sales, while EUR 5.3 million was generated…
Elon Musk warns Trump Cabinet: ‘America will go bankrupt’
Elon Musk grabbed center stage at the first Cabinet meeting of President Donald Trump’s second term — despite not heading an actual Cabinet department — saying “America will go bankrupt” without his budget-slashing efforts. Wearing a black MAGA cap and “Tech Support” T-shirt, the billionaire first buddy told the president and assembled agency leaders that…
Indonesia textiles giant Sritex in talks with investors to lease assets following bankruptcy – Reuters
Indonesia textiles giant Sritex in talks with investors to lease assets following bankruptcy Reuters Read the original article here