Giant shipping company liquidates after bankruptcy sale fails – TheStreet
Giant shipping company liquidates after bankruptcy sale fails TheStreet Read the original article here
Newtown Oporto goes into liquidation
Documents reveal the popular late-night haunt failed to pay employees’ superannuation, suppliers’ invoices and more. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it Newtown Oporto…
School stationery and textbook supplier Sequel Books and Stationery has collapsed into liquidation
An Aussie company relied on by thousands of parents to deliver school books and stationery packs has collapsed, leaving a trail of unfulfilled orders in its wake and parents out of pocket. Brisbane stationery supplier Sequel Books and Stationery entered voluntary liquidation on Monday. Its website shows it was the textbook and stationery supplier for…
My Tiny Home Kit took from these people who say they have never received their homes, they want their money back
In short: Australians who bought tiny homes from an entrepreneur’s company say they have never been delivered. The company in question has been dissolved but the man at the centre has opened new businesses. What’s next? Buyers continue to pursue the remains of their tiny homes or refunds. Valerie Shannon and Garth Woodcock own a…
Engineering companies’ debts soar past $6.8m as liquidator estimate doubles – Courier Mail
Engineering companies’ debts soar past $6.8m as liquidator estimate doubles Courier Mail Read the original article here
Biome Technologies fends off liquidation with heavily discounted equity round
About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class…
Germany sees company bankruptcies soar – DW – 06/14/2024
Germany’s Federal Statistical Office (Destatis) on Friday said 5,209 companies filed for bankruptcy in Germany in the first three months of 2024 — with the trend expected to continue. Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases this year as part of a longer-term pattern. How do the figures…
1BBI, National Online Quiz, IBC
The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible for implementation of the IBC. It is responsible for development and regulation of insolvency professionals and other service providers. It regulates various processes, namely, corporate insolvency resolution, corporate liquidation, fresh start, individual insolvency resolution and individual bankruptcy. It acts…
Supreme Court Resurrects Insolvency Proceedings Against BYJU’S
In a significant development for BYJU’S, the Supreme Court of India has reinstated insolvency proceedings against the beleaguered edtech startup. This decision, made on August 14, marks a crucial turn in the ongoing financial turmoil faced by the company. Court Decision and Its Implications The Supreme Court bench, led by Chief Justice DY Chandrachud and…
Rex Airlines enters voluntary administration – The Armidale Express
Rex Airlines enters voluntary administration The Armidale Express Read the original article here