Property-flipping firm owned by Rickhil Prakash owes IRD nearly $9m – BusinessDesk
Property-flipping firm owned by Rickhil Prakash owes IRD nearly $9m BusinessDesk Read the original article here
More S’pore bizs face compulsory liquidation as they fall into debt
A growing number of businesses are going belly up in Singapore, with more companies going through compulsory liquidation in the first half of 2025, surpassing figures from the past five years. Compulsory liquidation is a legal process where a company is forced to wind up, usually initiated by creditors through a court order, due to…
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Singapore sees surge in business liquidations, hits 5-year high in first half of 2025
Cash flow problems are a key reason why companies go bust, said liquidators and analysts. This means they do not have enough money coming in to cover what they owe, even if they have assets on paper. Businesses also dealt with rising interest rates between 2022 and 2024, with rates beginning to ease only earlier…
Prime movers and trailers to go under the hammer after operator administration
Professional Australian valuers and auctioneers Hymans has revealed it will auction more than 40 prime movers and trailers from Mark’s Linehaul Pty Ltd after the operator entered liquidation. On May 29, the operator appointed administrators, with a notice of deemed special resolution being issued on July 7 to wind up the company. Now, Hymans has…
Revealed: Government courts Virgin as Rex sale drags on – The Australian
Revealed: Government courts Virgin as Rex sale drags on The Australian Read the original article here
Medical device company paid €720,000 twice by HSE for the same invoice now in liquidation – The Irish Times
A company paid more than €720,000 twice by the Health Service Executive (HSE) on foot of the same invoice is now in liquidation. The HSE said it was “engaged with the liquidator to recover and resolve this overpayment, among other matters”. So far the overpayment has not been recouped. The HSE said that, at the…
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Popular fast food chain faces Chapter 7 bankruptcy liquidation – TheStreet
Popular fast food chain faces Chapter 7 bankruptcy liquidation TheStreet Read the original article here
KFC rival nears Chapter 7 bankruptcy, closes stores, liquidation looms – MSN
KFC rival nears Chapter 7 bankruptcy, closes stores, liquidation looms MSN Read the original article here