Australian furniture empire Home Sweet Home has gone bust after an A Current Affair investigation exposing the company’s dirty tactics. Owner Daniele Maisano plotted the company’s collapse leaving staff and customers across the country out of pocket. “We’re not going anywhere. Our interest is to do the right thing by all our customers and our…
Boundless Shutters After Failing to Rescue Unbound Publishers Weekly Read the original article here
National transport and logistics company XL Express has gone into liquidation after 35 years in business. It has collapsed owing almost $42m in estimated debts, with about 200 employees to be left without jobs. The Brisbane-based trucking company was founded in 1990 and operates along Australia’s east coast between Melbourne, Sydney and Brisbane. The company…
Claire’s CEO says the company is making the move because of increased competition, consumer spending trends and the shift away from brick and mortar retail. Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. In an application filed with the…
Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. In an application filed with the Ontario…
Ebuyer, the U.K.’s second-biggest PC retailer, is reportedly ending its operations. Reports have circulated that its staff were unexpectedly sent home early, and Overclock3D has also confirmed that Urban Logistics Acquisitions 6 Limited, the organization from which Ebuyer leases its premises, filed a Winding Up Petition against it on August 1. This is an application…
From boom to bust: Tech start-up leaves creditors $5m out of pocket thepost.co.nz Read the original article here
06 Aug, 2025 Supreme Court Clarifies: IBC Moratorium Doesn’t Stop Corporate Debtors From Voluntarily Returning Leased Property New Delhi | August 6, 2025 In a crucial interpretation of the Insolvency and Bankruptcy Code, the Supreme Court of India has ruled that the moratorium imposed during insolvency proceedings does not restrict a corporate debtor from voluntarily…
Kulbarg Singh has been banned as a director after selling £1.5 million worth of assets for under £500,000 to another company which he also controlled The sales in 2021 included seven historic cars – including three Rolls Royces Singh’s disqualification means he cannot direct any company until 2031 A Staffordshire businessman who sold seven historic…
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