Category Archives: Liquidation

Embracing change: A timely “root and branch” review of the effectiveness of Australia’s restructuring and insolvency laws | Global law firm

1 Further comprehensive and independent review The Committee recommends that the government commission a comprehensive and independent review of Australia’s insolvency law, encompassing both corporate and personal insolvency, as soon as practicable, and progress several other near-term actions as identified in the executive summary. 2 Further consideration of appropriate principles and objectives of insolvency law…

Bitdeer Liquidates 943 Bitcoin , Cutting Treasury to Zero

The acceleration from routine production sales to a full reserve liquidation within a single week represents a material shift. Bitcoin News Bitcoin  mining firm Bitdeer Technologies has liquidated its entire corporate Bitcoin treasury, reporting zero holdings as of Feb. 20, according to a weekly operational update the company posted on X. The disclosure marks a…

Scottish family-owned clothing company in liquidation

Grants Wholesale also agreed to appoint joint liquidators at the meeting in the Scottish capital. Kevin Mapstone and Kenneth Robert Craig of Begbies Traynor were subsequently appointed liquidators. Read More: The company was registered in Edinburgh and involved in the “wholesale of clothing and footwear”, with a main trading address in Houstoun Industrial Estate in Livingston.…

Barrow Shaver Resources Company Proposes Chapter 11 Liquidation Plan, – Stretto

Barrow Shaver Resources Company, LLC filed a Chapter 11 Plan of Liquidation on February 19, 2026 in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The Plan proposes to transfer all remaining property of the estate to a Liquidation Trust, which will be funded primarily from proceeds of a previously…

Insolvency statistics show an increase in corporate distress

An increase in the monthly number of company insolvencies, as well as a rise in the unemployment rate and slow GDP growth, highlight the continued financial strain facing businesses as 2026 begins. This is according to the North West chair of the UK’s restructuring, turnaround and insolvency trade body R3. It comes of the back…

40-year-old trucking company closes, files Chapter 7 bankruptcy – thestreet.com

40-year-old trucking company closes, files Chapter 7 bankruptcy  thestreet.com Read the original article here

UK pilot training company based near major airport collapses – 12 years in business | UK | News

A high-end training firm catering to both aspiring and professional airline pilots has been ordered by a court to be liquidated. On Sunday (February 22), a “winding-up order” for Jet Masterclass (UK) Ltd was published on The London Gazette website, meaning control will now be removed from its directors and transferred to an official receiver. …

No Cookies | Townsville Bulletin

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Tongaat Hulett provisional liquidation: IDC non-committal about additional support

The Industrial Development Corporation (IDC) is non-committal on whether it will provide additional financial support to the financially embattled sugar group and former land developer Tongaat Hulett. The corporation said this on Friday in response to Tongaat’s business rescue practitioners (BRPs) confirming on 12 February that “after exhausting all reasonable endeavours” they had applied to…

Spectrum allocated to telcos not asset, can’t be subjected to insolvency process: Supreme Court, ETLegalWorld

Spectrum allocated to telcos not asset, can’t be subjected to insolvency process: Supreme Court New Delhi: In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code. The decision will have ramifications in…