Insolvencies among German businesses were up by almost 25% this year, credit bureau Creditreform said on Monday, as firms are grappling with rising energy prices, the ailing economy and the fallout from the coronavirus pandemic. With no signs of improvement, the number of insolvencies is expected to rise to record levels in 2025, the credit…
Speaking on a recent episode of The Lawyers Weekly Show, Maria O’Brien, a partner specialising in restructuring and insolvency at Clayton Utz, discussed the dramatic rise in corporate insolvency in Australia this year. She also delved into the various interconnected factors that have contributed to corporate insolvency “really taking off this year”. O’Brien indicated that…
Secured creditors include Mico New Zealand, Carters Building Supplies, United Timber Merchants, waterproofers H2OFF Central and Albany’s Blomfield Consulting. Stage one of the Mountview Green housing development in Ian St, Koutu. Photo / Supplied But a real estate agency, building material suppliers and trade businesses are also on two lists. What prospect there is of…
National, local companies are creditors of Rotorua housing project New Zealand Herald Read the original article here
Fortune Rise Acquisition (FRLA) announced the termination of its Business Combination Agreement with Water On Demand, Inc. and its subsequent liquidation. The mutual termination was executed on December 9, 2024. As FRLA did not make the required monthly extension deposit on December 5, 2024, the company will cease operations and…
Lorraine McGowen Partner New York Lorraine brings 30+ years of legal experience in bankruptcies, out-of-court restructurings, sovereign debt restructurings and creditors’ rights controversies. She interfaces with auditors, government regulators, investment bankers and others, and develops and implements mediation and litigation strategies, and negotiates reorganization plans and complex corporate and finance documents. She…
Fortune Rise Acquisition Corporation Announces Termination of Business Combination Agreement with Water On Demand, Inc. and Subsequent Liquidation AccessWire Read the original article here
Zombie companies on the rise in Australia Money magazine Read the original article here
Oragenics SARASOTA, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) — Oragenics, Inc. (NYSE: OGEN), a biotechnology company advancing innovative treatments for brain-related health conditions, today announced the conversion of its remaining outstanding convertible Series A and Series B Preferred Shares into common stock. The conversion helps simplify the company’s capital structure and eliminates approximately $2.35 million…
Open this photo in gallery: Court-appointed receivers and monitors who take control of companies now routinely bill about $1,100 an hour. These fees are considered senior claims in a bankruptcy or restructuring, so the advisers get their cheques before anyone else gets repaid.Adrien Veczan/The Canadian Press In 2010, brothers Sam and Jasvir Johal started a…