PHL Variable prepares for liquidation amid buyer search – Insurance Business
PHL Variable prepares for liquidation amid buyer search Insurance Business Read the original article here
Vote on reorganization plan rejected; company enters bankruptcy proceedings
CITR, the judicial administrator of the Mangalia Shipyard and a leader in Romania’s restructuring and insolvency market, announces that the creditors’ meeting has rejected the proposed reorganization plan for the company. The decision marks the shipyard’s transition into bankruptcy proceedings, a phase in which current operations will be gradually halted and liquidation procedures will be…
‘Diverted funds’, crushing tax debt in $3.73m builder collapse – The Chronicle | The Chronicle
‘Diverted funds’, crushing tax debt in $3.73m builder collapse The Chronicle | The Chronicle Read the original article here
Modern Lion Joint Venture Faces Liquidation
Hyundai Card’s NFT Venture Collapses: Modern Lion Joint Venture Faces Liquidation Skip to content Home Crypto News Hyundai Card’s NFT Venture Collapses: Modern Lion Joint Venture Faces Liquidation Read the original article here
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Insolvency process against Raheja Shilas project in Gurugram to continue: NCLAT, ETLegalWorld
Insolvency process against Raheja Shilas project in Gurugram to continue: NCLAT New Delhi, The National Company Law Appellate Tribunal (NCLAT) has declined Raheja Developers‘ plea to close the insolvency resolution process against its project Raheja Shilas in Gurugram, after observing that the issues with flat buyers have not been resolved. It further said an application…
Lower thresholds, easier filing to revive pre-packaged insolvency process for MSMEs, say officials – Moneycontrol.com
Lower thresholds, easier filing to revive pre-packaged insolvency process for MSMEs, say officials Moneycontrol.com Read the original article here
Iconic South Australian company collapses into administration owing millions
One of Australia’s most iconic family-owned businesses, Spring Gully Foods, has been forced to shut its doors, leaving behind millions of dollars of debt and dozens of workers without a job. With $3.8 million of debt, the South Australian company has entered administration and ceased trading. The move leaves 34 employees without a job. The…
Consumer and business credit demand improves again in October
Photo: RNZ Consumer and business credit demand increased in October, a positive sign for the economy, but monthly company liquidations hit their highest level since 2011. Credit agency Centrix’s October monthly report showed consumer arrears continued falling to 459,000, about 12 percent of all borrowers, from 465,000 the monthly before, the lowest level in more…