An Australian childcare chain’s future is being questioned, with panicked parents pulling their children out of one centre as they fear the service is about to go under. The company is facing debts estimated at $17.5 million and 320 jobs are at risk. The chain, which has centres in Victoria and New South Wales, was…
The small businesses paying the price for free school lunches after the collapse of the main provider Libelle Group. Libelle, which made meals for the government’s revamped programme, has gone bust owing more than $14 million to dozens of creditors. Liquidators Deloitte said one of the failed company’s biggest problems was scaling up too fast…
Hudson’s Bay liquidation on hold as discussions continue to diffuse differences Hamilton Spectator Read the original article here
Achilles Therapeutics Announces Voluntary Liquidation and Delisting TipRanks Read the original article here
The IBBI has made it mandatory for insolvency professionals to disclose carry-forward losses in the Information Memorandum during the insolvency process. This aims to provide potential resolution applicants with a comprehensive understanding of the corporate debtor’s financial position. New Delhi, Mar 19 (PTI) The IBBI has mandated insolvency professionals to disclose details of carry-forward losses…
Jaiprakash Associates Limited (JAL) is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The company, which was admitted into CIRP on June 3, 2024, has a diversified portfolio of assets across various sectors, including real estate, cement, hospitality, and engineering & construction. This report outlines the key…
Hudson’s Bay liquidation on hold as discussions continue to diffuse differences MSN Read the original article here
Open this photo in gallery: The rush to pick up merchandise from Canada’s oldest retailer comes as the brand has filed for creditor protection and says it will need to liquidate all 80 of its stores unless it can find a lender to provide substantial financing.Christopher Katsarov/The Canadian Press When the pre-lunch rush hit Wednesday…
Hudson’s Bay liquidation on hold as discussions continue to diffuse differences CTV News Read the original article here
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