Businessman linked to $2m of debt quits NZ as latest company fails – thepress.co.nz
Businessman linked to $2m of debt quits NZ as latest company fails thepress.co.nz Read the original article here
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Creditors lose $2.3 million as liquidation of Little Island Creamery winds up
The sale of the business and related fixed assets returned $515,000. A further $138,596 was recovered through the sale of other fixed assets at auction. The liquidators said they made distributions to secured creditors totalling $341,212. This included $310,961 relating to a claim from Heartland Bank. Preferential employee wages and holiday pay of $37,852 was…
Hospitality group with 260 hotels files for Chapter 11 bankruptcy
Over the last year, a number of smaller and mid-size hotels have struggled to stay afloat and ended up filing for bankruptcy protection. The company behind hotels such as The Tuscany and Hotel 27 in New York City suddenly shut down operations in September 2025 in a situation that left guests from different parts of the world…
Now-liquidated cafe’s warning signs spotted
Red flags were raised about a now-closed Central Otago cafe mere months before it went into liquidation owing more than $400,000. A prominent Dunedin catering company got the sense things were not going well for Recharge Enterprises Ltd, which operated Clyde’s former Recharge Bar and Cafe, and took action. The cafe has been sold and…
Dubai Court dissolves company with Dhs34m debts – Gulf Today
Dubai Court dissolves company with Dhs34m debts Gulf Today Read the original article here
Southern Archipelago Ltd. Completes Voluntary Liquidation of Wholly Owned Subsidiary Raintree Rock Sdn. Bhd – Minichart
Southern Archipelago Ltd.: Completion of Voluntary Liquidation of Subsidiary Date: 21 January 2026 Reported by: Financial Reporter Key Highlights Completion of Liquidation: Southern Archipelago Ltd. has officially completed the member’s voluntary liquidation of its wholly owned subsidiary, Raintree Rock Sdn. Bhd. Background: The voluntary liquidation process was first announced on 1 November 2022 and has…