Section 5(26)1 of the Insolvency and Bankruptcy Code, 2016 (IBC or Code) defines a “resolution plan” as one proposed by a resolution applicant for resolving a corporate debtor’s insolvency as a going concern, while Section 302 concerns its submission to the resolution professional (RP). While the IBC and associated Regulations form a complete Code on…
New York (CNN) — Even the power of Marie Kondo may not be enough to save the Container Store. In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Customers rushed into stores to buy storage bins, pantry and drawer organizers, shelves…
As a businessman, Donald Trump ran 6 businesses that declared bankruptcy because they couldn’t pay their bills. As the president running for a second term, Trump is repeating some of the mistakes he made as a businessman and risking the downfall of yet another venture: his own political operation. In the 1980s, Trump was a…
Digital River Inc. is set to shut down its Minnesota operations, according to multiple press reports and internal communications. The company will close its Minnetonka headquarters by the end of March, impacting 122 employees, including remote workers nationwide. A notice filed with the Minnesota Department of Employment and Economic Development confirmed the layoffs. Digital River…
As the end of the financial year approaches for companies with a February 2025 year-end, business owners and directors are under considerable pressure to ensure their financial records are accurate and compliant. A common pitfall for many business owners is running personal expenses through the company and incorrectly claiming deductions. This practice not only raises…
Access Denied You don’t have permission to access “http://www.motortrend.com/features/bankrupt-fisker-ocean-ev-owner-buying-advice-faq/” on this server. Reference #18.a1052017.1738607383.1c3be0de https://errors.edgesuite.net/18.a1052017.1738607383.1c3be0de Read the original article here
Silvergate Capital enters bankruptcy after crypto bank’s shutdown Reuters.com Read the original article here
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors MSN Read the original article here
(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government…
Publicity blamed as businessman made bankrupt over unpaid $400k The Press Read the original article here