Redwood City medical device company to liquidate, pay off creditors – The Business Journals
Redwood City medical device company to liquidate, pay off creditors The Business Journals Read the original article here
R3 responds to January 2025 insolvency statistics – The Yorkshire Post
R3 responds to January 2025 insolvency statistics The Yorkshire Post Read the original article here
Builder owed $850,000 to creditors, including kayak trainer – The Press
Builder owed $850,000 to creditors, including kayak trainer The Press Read the original article here
Boss of company that ‘plagued’ households with cold calls banned
The boss of a Sussex-based home improvement company which ‘plagued’ households with cold calls and masqueraded as Citizens Advice has been banned as a director for four years. Callum Jones, 39, of Oban Road in St Leonards, was the sole director of Colourcoat Ltd, which specialised in roof cleaning, wall coating and insulation services. Colourcoat made 969,273 unsolicited marketing…
Forever 21 considers liquidation, possible second bankruptcy
Forever 21 is not doing so well after only five years of escaping its filing for Chapter 11 bankruptcy. According to CNBC and the Wall Street Journal, the fast-fashion retailer has been looking for a buyer for its U.S. leases. In January, it announced that it was considering other “strategic options” to help keep the…
Dozens of Limerick jobs at risk as popular retailer faces liquidation – MSN
Dozens of Limerick jobs at risk as popular retailer faces liquidation MSN Read the original article here
New Look to cease trading in Ireland with provisional liquidators appointed
The Irish arm of fashion retailer New Look has sought the appointment of provisional liquidators as it seeks to wind down its operations. The UK-owned retailer said the decision to wind down its Irish operations came after several years of sustained losses and challenging market conditions. The High Court today approved the appointment of Shane…
Fashion retailer New Look goes into liquidation in Ireland impacting 347 jobs
The parent company of fashion retailer New Look is putting its business in the Republic of Ireland into liquidation. The move impacts almost 350 jobs in the chain in the Republic, but it does not affect its business in Northern Ireland nor its parent company in Britain. The chain has 26 stores in Ireland that are…
R3 responds to January 2025 insolvency statistics
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says: “The monthly and yearly rise in corporate insolvencies…
Non-Registration of “Charge” u/s 77 of Companies Act Does not remove “Secured Creditor” Under IBC During CIRP
The Tribunal noted that because “secured creditors” and “security interests” are treated completely differently in the liquidation process than they are during the CIRP, the legislature never intended for Section 77 of the Companies Act to be applied to the CIRP. The National Company Law Appellate Tribunal (NCLAT), New Delhi held that a creditor may…