It took three decades to build Ellies into a leading tech brand and just five years of poor leadership to destroy it. At its height on 16 May 2013, Ellies’ share price traded at over R9.50 and its market capitalisation was R3 billion. By February 2024, Ellies was in voluntary business rescue and its share…
Jon Adgemis is attempting to avoid bankruptcy by convincing his creditors to accept a personal insolvency agreement after the former KPMG dealmaker turned hospitality baron signed his assets over to a trustee. Monaco-based businessman Richard Gazal has been trying to bankrupt Adgemis in a dispute over $26 million in debt and interest. On Friday, as…
Fueling The Conversation, Week of June 23rd, 2025 While the House version of the One Big Beautiful Bill Act did a great job at eliminating many of the Inflation Reduction Act’s (IRA) tax credits for green technologies, the end result remains up in the air as Senate Democrats and some Republicans, like Senators Thom Tillis,…
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy Bernama Read the original article here
Justice Gordon Weatherill declared money ordered to be paid back to investors can’t be wiped out in a discharged bankruptcy A recent judgment in B.C. Supreme Court has declared a bankrupt man cannot discharge the $6.8 million the B.C. Securities Commission has ordered him to repay investors. On the heels of a Supreme Court of Canada ruling…
After several semiconductor manufacturers like Taiwan Semiconductors and Micron have pledged billions in expanding their operations in the United States, it is surprising to see one of them go bankrupt. Wolfspeed, a North Carolina manufacturer of semiconductors for electric vehicles, said it had struck a deal with creditors to reduce its near $6.5 billion debt…
Home News By Hamish Graham Published: 23 June, 2025 Fresh data from the UK Government’s company insolvency statistics can reveal that insolvencies in the accommodation and food services sector were down 12% year on year for April, with 275 going bust during the month. Good weather during the month boosted sales for the sector likely…
Former England international Shaun Wright-Phillips is facing a bankruptcy petition filed by HM Revenue & Customs at the High Court on Friday. The 43-year-old ex-Manchester City and Chelsea winger could face financial ruin following the tax authority’s legal action. Wright-Phillips, who retired from professional football in 2019, has since established himself as a regular pundit…
New Delhi, Jun 23 (PTI) The Committee of Creditors has cleared a proposal to withdraw the insolvency resolution process of KSK Water Infrastructures Private Limited (KWIPL) after approving a debt settlement proposal submitted by JSW Energy. On March 6, JSW Energy Limited said it had completed the acquisition of KSK Mahanadi Power Company Limited (KMPCL) under…
Committee of Creditors approves debt settlement proposal, ending insolvency process for KSK Water Infrastructures Private Limited. JSW Energy completes acquisition. New Delhi, Jun 23 (PTI) The Committee of Creditors has cleared a proposal to withdraw the insolvency resolution process of KSK Water Infrastructures Private Limited (KWIPL) after approving a debt settlement proposal submitted by JSW…