As of April 8 2024, the company operating virtual reality immersive collaboration platform provider Glue declared bankruptcy under a decision by the District Court of Helsinki. The operating firm is selling assets, including the Glue platform. Unless a new company purchases the platform and continues its operation, Glue may shut down for good –…
JSW Energy has secured a letter of intent to acquire KSK Mahanadi Power Company, adding 3.6 GW of thermal power capacity to its portfolio. The acquisition is subject to regulatory approvals. New Delhi, Jan 13 (PTI) JSW Energy on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which…
JSW Energy Limited has received the Letter of Intent (LoI) for its resolution plan to acquire KSK Mahanadi Power Company Limited (KMPCL). The announcement comes after the approval by KMPCL’s Committee of Creditors under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The closure of the transaction is now subject to…
Hospital Operator Prospect Medical Files for Bankruptcy The Wall Street Journal Read the original article here
Can Towns or Cities in Washington State Go Bankrupt? I was reading a recent article in the Seattle Times about Cle Elum’s possible bankruptcy, and it got me thinking: Can towns and cities in Washington State go bankrupt? I was surprised, as it hadn’t occurred to me. Not to say it’s impossible, but you usually…
The District Court in Gliwice declared the bankruptcy of Rafako, ending its attempts at debt restructuring and battling deteriorating financial liquidity. The company had filed for bankruptcy in September, citing a failure to reach agreements with key creditors on converting debt into shares through a capital increase. Efforts to develop an alternative restructuring plan…
LAKE CHARLES, La. (KPLC) – Figuring out your next steps after your employer files for bankruptcy can be a very stressful task. When your employer owes you unpaid wages, it can be even more of a challenge. So, what should you do? First, a proof of claim must be filed with the United States Bankruptcy…
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How bankrupt Katie Price blew £40million on ‘men, machinery and central heating’ The Mirror Read the original article here
Self-styled wealth and property guru Dominique Grubisa has received another ban on managing companies for her involvement in two firms that traded while insolvent and went bust owing creditors more than $300,000. The corporate regulator’s new ban, first flagged by The Australian Financial Review nearly two years ago, disqualifies Ms Grubisa from managing companies for…