This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a small two-digit number of people will remain employed for the time being to support the imminent liquidation of the young company. A week ago, it still looked like the company would be rescued. Wirtschaftswoche reported…
Job losses deepen as more firms go into liquidation Business Daily Read the original article here
Major Australian fashion retailer collapses into voluntary administration Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process EGR Global Read the original article here
The Supreme Court, in a recent Judgment, observed that there is no requirement under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 (IBC) that there can be a debt only when there is a default. The Court was deciding a batch of Civil Appeals preferred by the China Development Bank and others against the…
Israeli robotics firm BionicHive files for liquidation Tech in Asia Read the original article here
The U.S. retail brand Big Lots has announced Going Out of Business (GOB) sales across all its remaining locations. The decision comes after the company failed to finalize its planned asset purchase agreement with Nexus Capital Management. This move was initially expected to help the company recover its financial situation. The retail chain is loved…
It was revealed this week Roto Whare owes money to several Rotorua businesses, but the biggest debt of $28.2 million is to an American business, Florida-headquartered financier Quaestor Advisors LLC, of Jacksonville. Details of what Roto Whare owed were revealed in the liquidator’s first report. Among Rotorua businesses out of pocket were Metal Line Roofing,…
William Clark & Sons: Historic NI linen firm enters liquidation after owner fails to find buyer Belfast Telegraph Read the original article here
Two popular Melbourne venues have collapsed owing more than $1 million to creditors as administrators urgently seek a buyer to keep the “much-loved, iconic” hospitality businesses afloat. Tracey Lester, owner of The Carlton Club and the Windsor Castle Hotel, brought in Cor Cordis administrators Rachel Burdett and Shaun Matthews late last month to explore either…