Creditors of Titan Bulk Haulage — one of the companies owned by beleaguered Otago businessman Malcolm Burns — have been left out of pocket by more than $1 million. Administration of the liquidation of the Mosgiel trucking company has been completed and the final report this month said $3.33 had been recovered from its bank…
Crisis Interventions in Corporate Insolvency – ANTILL – 2025 – The Journal of Finance Wiley Online Library Read the original article here
New Delhi [India], May 28 (ANI): Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. Advertisement As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous…
The daunting prospect of disqualification acts as a key deterrent to safeguard both the public and financial institutions from corporate misconduct. This article focuses on directors’ disqualification in England and Wales, examining the causes and consequences under the Company Directors Disqualification Act 1986 (CDDA), including the impact of Schedule 13 of The Finance Act 2024…
Last week for liquidation at Hudson’s Bay, with storied company set to lay off more than 8,000 CTV News Read the original article here
The Bay to axe over 8,000 employees in Canada by June 1 | National Daily Hive Vancouver Read the original article here
By Felix ADDO This is a summarized article of that published in the national insolvency journal, Corporate Insolvency and Restructuring Journal. “Restructuring” has become a household word in Ghana these days and for good reason. Most informed readers are aware of the current economic crisis facing the country and the engagement with the International Monetary…
Christchurch’s South City mall bookshop goes into liquidation The Press Read the original article here
Aspen Group Provides Update on Subsidiary Liquidation TipRanks Read the original article here
Retailing giant Peter Stevens Motorcycles has collapsed, but there are high hopes of finding a new owner. Three voluntary administrators have been appointed for the 55-year-old iconic stores, including a Dandenong outlet. According to administrators at KordaMentha Restructuring, Peter Stevens employs a 400-strong workforce with a $250 million annual turnover. Administrator Craig Shepard said on…