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…
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 Read the original article here
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…
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…
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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