The Amendment applies to all proceedings pending as of its effective date, as well as to those initiated thereafter, with the sole exception of the provisions related to the new tax settlements, which apply only to proposals submitted after the Amendment’s effective date. Below is an overview of the key changes introduced by the Amendment.…
Romania’s construction market is facing big problems: the volume of work fell by almost 6% last year and the number of insolvencies topped 1,500 companies. The current challenges and possible solutions to overcome them were discussed and analyzed during the second edition of FORECAST Brunch, an event recently organized by the platform Vindem-Ieftin.ro, which brought…
How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster Fortune Read the original article here
Katie Price had a ‘wake-up call’ when she was declared bankrupt MSN Read the original article here
Mumbai: As his company undergoes corporate insolvency proceedings, Byju Raveendran, the founder of what was once India’s most valued startup, has joined the social media platform ‘X’, stating that he wants to talk about the past 20 years and plans to relaunch his company by tapping into the pool of former employees of his firm. Other than the…
The number of retail businesses closing due to insolvency continues to fall but the hospitality sector continues to struggle, the latest PwC insolvency barometer reveals. The report, analysing insolvencies for the first quarter of 2025, shows there were 192 insolvencies in the first quarter of this year – 14% fewer compared to the first quarter…
Loading According to Australia Post’s latest e-commerce report, Australians spent a record $69 billion on online shopping last year, an increase of 12 per cent on the year before, largely driven by platforms such as Amazon, Shein and Temu. “Online marketplaces”, such as Amazon or eBay, accounted for nearly 40 per cent, or $16 billion,…
The company saw exponential growth during the COVID-19 pandemic, reaching a peak valuation of $22 billion ((around Rs 1,83,000 crore) in 2022. However, aggressive expansion through costly acquisitions and marketing led to financial mismanagement. Byju Raveendran, the founder of Byju’s, took to X on Sunday and showed optimism about rebuilding his business “brick by brick”…
Going bankrupt is most people’s worst nightmare, but one Aussie has explained why she didn’t panic, which ultimately led to her making millions. Candy Kemp, 42, went bankrupt at 25. At the time, she was a single mum with three kids, and she found herself left with nothing after a business venture fell apart. Ms…
Trump Tariff Impact Already Starting: Two Auto Parts Companies Go Bankrupt in March BusinessKorea Read the original article here