Former Victorian Liberal leader John Pesutto failed to raise the money he needs to meet a $2.3 million debt due Friday to fellow MP Moira Deeming, likely triggering bankruptcy proceedings against him as early as Friday or Monday. A party source close to Mr Pesutto said he had only secured about one third of the…
Meyer Burger is in serious financial difficulties. Keystone The solar company Meyer Burger has filed for insolvency proceedings to be opened for its two German subsidiaries. The company now intends to continue its efforts to preserve the sites with an insolvency administrator. Meyer Burger announced the move in a press release on Saturday. On the…
Pauline Hanna and Philip Polkinghorne. Polkinghorne was blackballed from the Northern club in November 2024. He was convicted for possessing a meth pipe and 37.7g of methamphetamine. Photo / Norrie Montgomery Hanna, a Counties-Manukau Health procurement executive, 63, was found dead in their Remuera mansion on Easter Monday, 2021. On Thursday, the clause was discussed…
Subpoenas issued after Builder.ai declares insolvency MSN Read the original article here
New Australian Securities & Investments Commission (ASIC) data has revealed mounting financial pressure is leading to more Australian transport and logistics operators being pushed to the brink. The latest data shows insolvencies in the sector is rising, with businesses continuing to struggle amid rising costs, labour shortages, regulatory burdens and falling asset values. Business recovery…
Popular DNA testing company 23andMe has filed for bankruptcy after multiple failed takeover bids by its CEO, petitioning the US Bankruptcy Court to be allowed to sell its assets. Chief financial officer Joe Selsavage will take over as interim CEO from co-founder Anne Wojcicki, who resigned along with the announcement after multiple failed attempts to…
Insolvency proceedings against the employer’s assets (insolvency debtor) are initiated if one of the grounds for insolvency as defined in Sections 17f et. of the German Insolvency Code (Insolvenzordnung, InsO) applies (§ 16 InsO), i.e. if the insolvency debtor is either unable to pay (Section 17 InsO), at risk of being unable to pay (Section…
The Supreme Court on May 29 issued notice in set of appeals challenging the National Company Law Appellate Tribunal’s (NCLAT) decision allowing insolvency proceedings against embattled edtech giant Byju’s parent company, Think & Learn Pvt Ltd. The apex court sought responses on petitions filed by the Board of Control for Cricket in India (BCCI) and…
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for…
Microsoft continues to scale back its operations in Russia, with a notable development for one of its local subsidiaries. Reuters cited a note filed on the official Fedresurs registry on Friday as revealing that one of Microsoft subsidiaries in Russia plans to file for bankruptcy. Soon after Russia’s illegal invasion of Ukraine in February 2022,…