Usually, when a retailer finds itself in financial trouble, experienced observers see the signs. In the month before JCPenney filed for Chapter 11 bankruptcy, for example, regular shoppers noticed that inventory was thin. You might see the shirt, shoes, or pair of pants you wanted, but it would only be available in less common sizes.…
The founder of London FinTech Guavapay has stepped down as director as the company prepares for a High Court hearing today over a winding-up petition filed by Mastercard, which could force the firm employing more than 500 staff into liquidation. Orkhan Nasibov, the Azerbaijani entrepreneur who launched Guavapay in 2017, has resigned due to “accumulated…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
Scottish businesses continued to navigate a hostile economic landscape in 2025, with the latest figures revealing a year-on-year rise in corporate insolvencies. Data from the Accountant in Bankruptcy (AiB) indicates that 1,272 corporate insolvencies were registered in 2025, a marginal increase from the previous year. However, the year concluded with a sharp spike, as December…
VAS Infrastructure Limited Conducts 22nd Committee of Creditors Meeting Under CIRP scanx.trade Read the original article here
Caldwell Construction collapse will have ‘negative impact’ on supply chain Construction Management Magazine Read the original article here
A notice on official public record website The Gazette (in which certain statutory notices are required to be published) confirms that the venue at Rosthwaite in Borrowdale would be wound-up, with the appointment of Armstrong Watson LLP as liquidators. Daryl Warwick and Ed Connell will handle the case and subsequent affairs. The property – which…
SHAH ALAM (Jan 21): The High Court on Wednesday allowed a petition by two companies for the compulsory winding-up of THHE Fabricators Sdn Bhd, a subsidiary of delisted TH Heavy Engineering Bhd (THHE). Judicial Commissioner D Shoba Rajah, however, also allowed an interim stay of the decision pending the filing of a notice of appeal…
Ankit Metal & Power Creditors Approve Resolution Plan with 89.79% Majority Vote scanx.trade Read the original article here
David Alexander, head of debt recovery at full-service law firm Gilson Gray, said: “The latest figures show a notable fall in corporate insolvencies in Scotland, with total cases down by around a quarter on the same quarter last year. On the face of it, that suggests some easing of pressure, particularly with reductions in both…