(Feb 13): 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. The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private.…
EFishery Cuts About 90% of Jobs as Potential Liquidation Looms Bloomberg Read the original article here
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant reforms to enhance liquidation outcomes under the Insolvency and Bankruptcy Code (IBC). With more companies being successfully resolved and a decline in liquidations, the regulator is focusing on improving realisation for claimants and streamlining the liquidation process. IBBI Chairman Ravi Mital, in the board’s…
Joann asks bankruptcy court for OK to liquidate, close over 500 locations Crain’s Cleveland Business Read the original article here
Genetic Technologies Considers DOCA Amid Voluntary Administration TipRanks Read the original article here
What happens now that Rex has entered voluntary administration? The Daily Aus Read the original article here
Yowie Baby Animal collectibles /credit: Yowie World Facebook/ Yowie’s largest shareholder Keybridge Capital appointed administrators on Monday (10 February), days after the Australia-based confectionery business demanded a loan repayment. In a… Read the original article here
(PDF) Corporate Financial Distress and Bankruptcy: A Survey ResearchGate Read the original article here
US corporate bankruptcies in June reach highest monthly level since early 2020 S&P Global Read the original article here
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. After nearly 50 years in business, The Container Store on Sunday filed under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas and expects to confirm a reorganization plan within 35 days. The…