A little of the history with a Hudson’s Bay Company display at Mars in the Waterfront District TORONTO / NATIONAL – The historic Hudson’s Bay Company, a 355-year-old icon of Canadian retail, has announced it will begin final liquidation sales at six major locations, marking a critical stage in its court-supervised restructuring and raising fresh…
Action Smart and its associated companies Caravan Fix, End Repair Solutions, BHG Automotive Group, Action Smart Transport and AD Glass have gone into liquidation and ceased trading. The company has debts in excess of $4.6million including a massive tax bill. The companies do not appear to have assets and funds to pay creditors. Many subcontractors…
Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation, effectively ending the retail empire’s reign and significantly dimming the possibility that the business dating back to 1670 will stay alive. Canada’s oldest company is making the move because “it is unlikely” that it will find a…
Chelverton UK Dividend Trust (SDV) has announced that the proposed placing of new zero dividend preference shares (ZDPs) in 2031 ZDPCo will not proceed due to insufficient demand amid continued market volatility. As a result, the previously proposed Scheme of Reconstruction has also been cancelled. Despite some investor support, the challenging market backdrop has led…
Betway parent company Bluejay Ltd files for liquidation Capital News Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has upheld the order of the Adjudicating Authority directing the suspended directors of the Corporate Debtor to return the Rs.32 lakh along with interest they had withdrawn during Corporate…
Scottish corporate insolvencies rise for second year in a row insider.co.uk Read the original article here
Corporate insolvencies in Scotland rise for second year in a row Accountancy Today Read the original article here
REVEALED | Fashion brand that was inspired by founder’s time at uni owes £0.5m David Johnston, founder of OutsideIn A Belfast-based clothing firm with a mission to collect items for the homeless from customers has gone into liquidation owing over £500,000, the Belfast Telegraph can reveal. According to Companies House filings, liquidators from Manchester-based FRP Advisory…
Executive Summary On 28 September 2022, the Federal Government, through the Parliamentary Joint Committee on Corporations and Financial Services (the Committee), commenced an inquiry into the effectiveness of Australia’s corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy (the Inquiry). See here the link to our earlier…