WA builders, restaurants among the hardest hit as insolvencies surge – MSN
WA builders, restaurants among the hardest hit as insolvencies surge MSN Read the original article here
Lilium files for insolvency again
The German startup Lilium has faced several difficult turns lately, and was already heading towards insolvency when an investor stepped in on Christmas Eve last year to save the company. At the time, Lilium stated that the investor consortium Mobile Uplift Corporation signed a purchase agreement for the assets of the Lilium subsidiaries, and all…
FTI Consulting Bolsters Cross-Border Restructuring and Insolvency Offering with Hire of Jo Hewitt – GlobeNewswire
FTI Consulting Bolsters Cross-Border Restructuring and Insolvency Offering with Hire of Jo Hewitt GlobeNewswire Read the original article here
CIRP begins against Aviom India Housing Finance
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted the corporate insolvency resolution process (CIRP) plea filed by the Reserve Bank of India (RBI) against Aviom India Housing Finance Private Limited. The decision, delivered on February 20, 2025, marks a significant move under Section 227 of the Insolvency and Bankruptcy Code (IBC), 2016,…
Farewell KTM – the brand goes bankrupt, leaving a backlog of 295,000 bikes in its warehouses
Does the KTM brand sound familiar to you? This is more than just a motorcycle brand, it is a symbol of adventure and speed. But even giants go through bitter times and the Austrian company that has been a world leader in the automotive sector is now facing an incalculable challenge: 300,000 motorcycles piled up…
Operations stop at Lilium as eVTOL firm files for insolvency
The company behind the Lilium Jet has filed for insolvency after its funding options dried up and promises of new financing failed to materialize. Lilium Aerospace, which evolved after Lilium GmbH and Lilium eAircraft GmbH filed for insolvency at the end of last year, confirmed on February 21, 2025, that operations had stopped. …
Fraser Anning’s Victorian candidate Julie Hoskin bankrupt, ineligible
Her bankruptcy came after a bitter fight with her former lawyer, Robert Balzoa, against whom Ms Hoskin lodged a complaint to the NSW Law Society in 2017, alleging he had misappropriated money he held in trust to prop up his own firm. Mr Balzoa denied the allegations and he was allowed to keep practising after…
Four Wellington bars insolvent: ACC, IRD, dozens of employees and businesses claiming funds
Scutter said none of the establishments has any listed assets or liabilities because of a lack of documentation. The liquidator didn’t state the amounts being claimed by creditors and said no recent financial statements were filed for either business. Gas Hospitality, trading as Birdcage, had financial statements recorded until March 31, 2021. AdvertisementAdvertise with NZME.…
Family Metal Foundry Saves a Business The KTM Insolvency Nearly Killed – MSN
Family Metal Foundry Saves a Business The KTM Insolvency Nearly Killed MSN Read the original article here
Dubai court declares man insolvent over debts worth Dhs183m
Mohammed Yaseen, Staff Reporter The Dubai Court declared the insolvency of a debtor who defaulted on his debts amounting to Dhs183 million and ordered the preservation of all his property in all types and forms, in preparation for distribution it to the creditors. According to the case documents, the debtor filed a request to open…