Former directors of BHS liable for wrongful trading and misfeasance – Herbert Smith Freehills
Former directors of BHS liable for wrongful trading and misfeasance Herbert Smith Freehills Read the original article here
High Court orders liquidation of company behind Physical Health Centre in Tsim Sha Tsui
The High Court on Wednesday mandated the winding up of Physical Health Centre (TST) Limited, a subsidiary of the now-defunct gym chain Physical, following a liquidation petition filed by Link Asset Management Limited, a property management company. The order was issued after the subsidiary’s representative failed to attend the hearing. Master Maurice Lam…
Massive Closings, Liquidation Sales: What To Know About Joann Stores
CALIFORNIA — Nearly all Joann fabric and craft stores in California are liquidating their inventory and closing following the company’s bankruptcy news — and big sales are expected. According to the retailer’s online store locator, 61 of California’s 75 Joann locations are now labeled “liquidation stores.” The remaining 14 stores in Clovis, Covina, El Cajon,…
Liquidation Sale Underway At Joann Store In Geneva
“Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although we regrettably will be closing some stores, we are grateful to continue our mission of inspiring creativity in our customers online and in stores across the country,” the company said on its website. The Cleveland, Ohio-based company…
Liquidation Sale In Progress At Orland Park Joann Store
ORLAND PARK, IL — A liquidation sale has started at the Orland Park location of Joann Fabric and Craft, as the company prepares to shutter it and hundreds more across the country. The Orland Park Joann Fabric and Craft store, 15752 S. La Grange Rd., is one of 500 slated to soon close permanently. “Your…
Interplay on brink of collapse, under fire over failure to pay refunds, liquidation email
A business owner has blamed her company’s inability to pay back refunds on her messy divorce and legal troubles — leaving customers owed thousands of dollars. Western Australia-based Interplay Family Therapy Pty Ltd provides play therapy training courses to customers, a creative counselling method to help children with psychological issues, especially those with trauma. But…
Liquidation Sales Underway At Most Massachusetts Joann Stores
“Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although we regrettably will be closing some stores, we are grateful to continue our mission of inspiring creativity in our customers online and in stores across the country,” the company said on its website. The Cleveland, Ohio-based company…
Bleak January as corporate insolvencies at highest for five years
The level of corporate distress is rising as businesses face “persistent economic challenges” before a sharp increase in labour costs. The number of company insolvencies rose 11 per cent year-on-year to 1,971 across England and Wales last month, according to data from the Insolvency Service. It was the highest level registered in January for more…
INSCO urges CoC to fast track bid for HNG after Supreme Court nullifies AGI Greenpac’s resolution plan
With the Supreme Court setting aside AGI Greenpac’s resolution plan for Hindustan National Glass (HNG) last month, the other bidder, INSCO (Independent Sugar Corporation), a Madhvani Group company based in Africa has written to the Committee of Creditors of the bankrupt firm to fast track their bid in the Insolvency Resolution Process. In it’s letter…
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