Philly Shipyard ASA Announces Dividend and Liquidation – TipRanks
Philly Shipyard ASA Announces Dividend and Liquidation TipRanks Read the original article here
Ban for building firm directors
The former bosses of a building company which went into liquidation have been banned from being directors. Dorset Council Trading Standards has taken action against Samuel Conway, the former director of Nova Building and Developments, under part 8 of the Enterprise Act 2002. The authority’s trading standards team said it received numerous complaints regarding the…
Liquidation Sales Underway At Most Michigan Joann Stores
MICHIGAN — Liquidation sales have begun at most Michigan Joann Fabrics and Crafts stores after the retailer announced it would be closing 500 stores nationwide after filing for Chapter 11 bankruptcy for the second time this year. “Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although…
Drag queens put the heat on paint and sip company over pay concerns
A group of drag queens has provided an unexpected performance on the streets of the Gold Coast in an effort to get paid. American-born Cadillac DeVille has been a drag queen for the past eight years but ran into trouble with a company called Paint Juicy failing to pay invoices totalling more than $3000. Tara-Zan,…
IBBI Introduces Amendments To Allow Homebuyers To Take Possession During CIRP
The Insolvency and Bankruptcy Board of India (IBBI) has introduced amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 through Notification No. IBBI/2024-25/GN/REG122, dated 03.02.2025. These amendments aim to enhance transparency and efficiency in the corporate insolvency resolution process (CIRP), particularly in relation to real estate projects. An Overview of Amendments to…
BREAKING: Supreme Court Says Businessman Can’t Dodge £19M Debt
By Lucia Osborne-Crowley ( February 19, 2025, 10:15 AM GMT) — The U.K. Supreme Court ruled Wednesday that a businessman’s family cannot avoid a £19 million ($24 million) debt to a UAE bank, finding that insolvency law can prevent a transaction by a company owned by the family because it was intended to put assets beyond…
EFishery Cuts About 90% of Jobs as Potential Liquidation Looms
(Bloomberg) — EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation. Most Read from Bloomberg The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as…
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Keppel Completes Liquidation of Four Subsidiaries – TipRanks
Keppel Completes Liquidation of Four Subsidiaries TipRanks Read the original article here
Business insolvencies increase by 6%
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…