Blue Air Aviation S.A. has officially entered bankruptcy following a decision approved by its creditors and announced by Infinexa, the Romanian company appointed as judicial administrator. Infinexa, which specializes in restructuring and financing distressed businesses, cited the airline’s failure to secure a strategic investor and its mounting losses as key reasons for initiating the proceedings.…
Get real time updates directly on you device, subscribe now. Subscribe Infinexa, a Romanian entrepreneurial company specializing in restructuring and financing distressed businesses, with €200 million in assets under management, announces the commencement of bankruptcy proceedings for Blue Air Aviation S.A. “The decision to initiate bankruptcy was made following the inability to secure an investor,…
There are few phrases in the modern lexicon more accursed than “software-based car,” and yet, this is how the failed EV maker Fisker billed its products, which retailed for $40–70k in the few short years before the company collapsed, shut down its servers, and degraded all those “software-based cars”: https://insideevs.com/news/723669/fisker-inc-bankruptcy-chapter-11-official/ Fisker billed itself as a…
GAC Fiat Chrysler Automobiles joint venture declared bankrupt MSN Read the original article here
Three years after announcing its withdrawal from the Chinese market, GAC Fiat Chrysler Automobiles (GAC-FCA) has officially succumbed to its financial woes. On July 8, the joint venture announced its inability to reorganise, leading its administrator to file for bankruptcy with the Changsha Intermediate People’s Court in Hunan Province, a move supported by creditors. GAC-FCA’s…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has delivered an order initiating the Corporate Insolvency Resolution Process (CIRP) against Gstaad Hotels Private Limited. The ruling, made on July 8, 2025, by Justice Virendrasingh G Bisht (Retd.), Member (Judicial), and Prabhat Kumar, Member (Technical), stems from a significant financial default. The insolvency petition,…
Restart Energy One, a Romanian independent energy supplier and renewable project developer, has proposed repaying just 17% of the face value of its bond debt as part of a restructuring plan submitted under a pre-insolvency procedure. The company published the proposal in a report to the Bucharest Stock Exchange on July 9. The plan allocates…
Pa. nursing home operator Genesis enters bankruptcy with $58 million tax debt to state penncapital-star.com Read the original article here
Merit Street Media claims TBN ‘sabotaged’ new network, didn’t live up to commitments On the same day it filed Chapter 11 bankruptcy, Dr. Phil McGraw’s company, Merit Street Media, filed a breach of contract suit against Trinity Broadcasting Network (TBN). The lawsuit accuses the Christian broadcasting giant of sabotage, failing to fulfill its financial obligations,…
Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2. Insolvency statistics for May show a rise from April but are down…