Last roll of lenders’ dice coming for Star Entertainment – The Australian
Last roll of lenders’ dice coming for Star Entertainment The Australian Read the original article here
Guelph’s Peavey Mart set to close as part of Canada-wide shutdown
Parent company seeking creditor protection – liquidation sales have begun at the farm goods store on Silvercreek Parkway North, and others across country Turns out Guelph’s Peavey Mart will be closing up shop after all. The farm goods company says it is closing all of its stores across Canada, as Peavey Industries LP is seeking…
McLaren Vale’s Fox Creek Wines in voluntary administration
South Australia’s Fox Creek Wines, an award-winning winery and popular events venue in McLaren Vale, has been placed into voluntary administration with the company blaming a raft of issues stemming as far back as the pandemic and Chinese tariffs for its financial woes. However, the administrators have urged customers to continue supporting the business while…
IBBI streamlines rules on information utilities to expedite bankruptcy resolution
The bankruptcy regulator on Wednesday amended technical standards guidelines for key services extended by information utilities (IUs), which typically store financial information about stressed firms in electronic databases, to streamline their operations and help speed up insolvency resolution.As per the latest Insolvency and Bankruptcy Board of India (IBBI) rules, an IU will use demographic authentication…
Texas-Based EV Maker Canoo Files Liquidation Bankruptcy
Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded in California, has filed for liquidation bankruptcy under Chapter 7 of the U.S. Bankruptcy Code. In its recent announcement, the company said it was ceasing operations immediately.
PAN must to seek data on corporate debtors under IBC – Banking & Finance News
The Insolvency and Bankruptcy Board of India (IBBI) has now mandated information utilities (IU) to use PAN or any other official document to verify the identity of users, who wish to seek information of corporate debtors. The IU, under the Insolvency and Bankruptcy Code (IBC), is required to maintain an electronic database of information of…
Over 1,500 businesses liquidated in South Africa – BusinessTech
Over 1,500 businesses liquidated in South Africa BusinessTech Read the original article here
AGI Greenpac Shares Drop 17% After Supreme Court Rejects HNG Acquisition Plan – Moneylife
AGI Greenpac Shares Drop 17% After Supreme Court Rejects HNG Acquisition Plan Moneylife Read the original article here
Hawkers Beer enters voluntary administration as Aussie company teeters on brink of collapse – MSN
Hawkers Beer enters voluntary administration as Aussie company teeters on brink of collapse MSN Read the original article here
Brothel business One33 appoints liquidators, cites landlord dispute, downturn
The owners of One33 Brothel decided to liquidate the business. Photo / Joe Gilfillan A $115,000 loss was forecast in the initial report. The company has $127,000 in liabilities offset by only $11,000 in assets, which include cash of $777, fixed assets of $5000 and motor vehicles, the value of which is yet to be…