The massively oversized stores were always the stranglehold in Forever 21‘s operations. Five years after the fast-fashion chain’s first Chapter 11 filing, the retail outposts remain a key stumbling block. Forever 21 filed its first Chapter 11 petition in September 2019. The brand management firm Authentic Brands Group subsequently acquired the business, partnering with mall…
Former One Nation senator Rod Culleton has secured a one week extension of a bankruptcy case, which has forced him to lose his seat in Federal Parliament. Key points: Senate President declares Rod Culleton’s seat vacant Culleton claims stay means he’s not officially bankrupt, continues to act as senator He threatens legal action against some…
Article content Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labour costs and a disastrous unlimited shrimp promotion. Article content The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of US$1 billion to US$10 billion each in its bankruptcy petition. The filing allows the…
Reliance Communications Reports Q3 Financial Results Amidst Insolvency Proceedings TipRanks Read the original article here
The council’s leader, Ann-Marie Barker, said efforts are being made to work with local groups and make sure people still get help and support if it is needed. “I very much understand resident anger,” she told BBC Radio Surrey. “I think it’s a nice addition to say that as a council, as a body, and…
Reliance Communications Reports Financial Results Amid Ongoing Insolvency Proceedings TipRanks Read the original article here
A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs. Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators resulting in…
General Laws: The Negotiable Instruments Act, 1881The Transfer of Property Act, 1882The Code of Civil Procedure, 1908 (Sections 9, 10, 11, 26-32, 38- 45,60-64, 73, 75-78, 89 and Order 21) The Limitation Act, 1963The Prevention of Corruption Act, 1988 (Definition of public servant, Section 7-16 read with Section 29A of the Insolvency and Bankruptcy Code,…
Former One Nation senator referred to AFP The Australian Read the original article here
Les på norsk. TECO 2030 AS is bankrupt with NOK 204 million in debt. That was reported by Finansavisen earlier this week. The board submitted the bankruptcy petition on Tuesday, a few hours before the Ringerike, Asker, and Bærum district court was to hear a bankruptcy petition from the Norwegian Tax Agency due to outstanding…