“The combined effect caused the company to have negative cashflow issues which meant that it could not sustain attending to its fixed and variable business expenses, nor its tax obligations when they fell due,” Patel wrote. The companies behind Auckland food business Bake & Bean has failed. Photo / Bake & Bean Patel was apppointed…
More than $1m paid out: Liquidation of South Canterbury business continues The Press Read the original article here
Canberra Commercial (ACT), which operates under a number of trading names including Canberra Commercial Property, Canberra Commercial Sales, Canberra Leasing and Sydney Commercial Property, was placed in liquidation on September 12, 2025, according to documents lodged with the Australian Securities and Investments Commission (ASIC). Read the original article here
Inland Revenue seeks to liquidate Christchurch salon owner Reece Unahi’s companies The Press Read the original article here
Facts Mrs F stated that as a former employee of Group X, she held a PERCOL that had been opened with account keeper A. She explained that she had left Group X to set up her own company, SAS Y. However, some time after it was created, SAS Y ran into financial difficulties and, in…
Voluntary Liquidation of Solvent LLCs in the UAE: A Shareholder’s Guide Lexology Read the original article here
REVEALED: Liquidator appointments for businesses in the Brisbane council area for September 26 The Courier Mail Read the original article here
Paris – The Paris Commercial Court kept the French subsidiary of low-cost jewellery retailer Claire’s in receivership on Thursday. This decision followed the submission of a takeover bid from three companies, which was deemed “very minimalist” by lawyers for the staff representatives. The court opened receivership proceedings for Claire’s France at the end of July.…
The Uganda-based Madhvani Group’s firm, Independent Sugar Corporation Limited (INSCO), has assumed full control of the debt-ridden Hindustan National Glass & Industries Limited’s (HNGIL) through the Insolvency and Bankruptcy Code process on Friday. The acquisition was led by industrialists, Kamlesh Madhvani and Shrai Madhvani, with financial support from Cerberus Capital Management and the International Finance…
As published in Business plus, May 2025. At RSM Ireland, there is a growing shift from traditional insolvency work to proactive, tailored advisory solutions that focus on making businesses future-fit, according to Paddy O’Connell, Restructuring Advisory Partner at the firm. Historically, restructuring assignments focused on formal insolvency, especially in distressed industries such as retail,…