Major Australian fashion retailer collapses into voluntary administration – Illawarra Mercury
Major Australian fashion retailer collapses into voluntary administration Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process – EGR Global
XLMedia CEO to be made redundant as affiliate prepares for liquidation process EGR Global Read the original article here
No Requirement U/S 5(8) IBC That There Can Be A Debt Only When There Is A Default: Supreme Court
The Supreme Court, in a recent Judgment, observed that there is no requirement under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 (IBC) that there can be a debt only when there is a default. The Court was deciding a batch of Civil Appeals preferred by the China Development Bank and others against the…
Israeli robotics firm BionicHive files for liquidation – Tech in Asia
Israeli robotics firm BionicHive files for liquidation Tech in Asia Read the original article here
Why is Big Lots starting “Going out of Business” sales across its stores? Reasons explained
The U.S. retail brand Big Lots has announced Going Out of Business (GOB) sales across all its remaining locations. The decision comes after the company failed to finalize its planned asset purchase agreement with Nexus Capital Management. This move was initially expected to help the company recover its financial situation. The retail chain is loved…
Ngongotahā housing development on track despite developer’s woes with other liquidated company
It was revealed this week Roto Whare owes money to several Rotorua businesses, but the biggest debt of $28.2 million is to an American business, Florida-headquartered financier Quaestor Advisors LLC, of Jacksonville. Details of what Roto Whare owed were revealed in the liquidator’s first report. Among Rotorua businesses out of pocket were Metal Line Roofing,…
William Clark & Sons: Historic NI linen firm enters liquidation after owner fails to find buyer – Belfast Telegraph
William Clark & Sons: Historic NI linen firm enters liquidation after owner fails to find buyer Belfast Telegraph Read the original article here
Two ‘much-loved, iconic’ Melbourne pubs placed into administration
Two popular Melbourne venues have collapsed owing more than $1 million to creditors as administrators urgently seek a buyer to keep the “much-loved, iconic” hospitality businesses afloat. Tracey Lester, owner of The Carlton Club and the Windsor Castle Hotel, brought in Cor Cordis administrators Rachel Burdett and Shaun Matthews late last month to explore either…
Large discount retailer closing all CT locations
Discount retailer Big Lots is poised to close all of its remaining Connecticut stores after the company’s bankruptcy restructuring plans collapsed, according to the company.“The company is preparing to commence going out of business sales at all remaining Big Lots store locations in the coming days to protect the value of its estate,” Big Lots…
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