Insolvency Guardian Media Centre
Liquidation report reveals how many millions owed by The Body Shop Stuff
Read the original article here
File pic
Photo: Getty Images / Ian Forsyth
The Body Shop New Zealand has been placed into liquidation, with all stores closed and around 70 jobs lost.
A notice in the New Zealand Gazette confirmed liquidation of the company began on Thursday, with Neale Jackson and Daniel Stoneman of Calibre Partners appointed as liquidators.
A message on the beauty retailer’s website confirmed all retail locations were now permanently shut, and the online store was no longer processing orders.
“We extend our heartfelt gratitude to our valued…
Read the original article here
Hachi Hachi companies fold amid $2.5m hospo collapse The Press
Read the original article here
Fake Trustpilot reviews of FBA Brand Builder posted after controversial company is liquidated Belfast Telegraph
Read the original article here
QUANTRON explores opportunities to successfully continue business operations
Provisional insolvency administrator examines chances of continuing business operations of Quantron AG
- QUANTRON explores opportunities to successfully continue business operations
- Preliminary insolvency proceedings launched to continue Quantron AG operations with BBL Brockdorff receiving mandate to structure further business activities
- Denis Muratov becomes Chairman of the Supervisory Board and manages activities as interim CEO
Quantron AG, as platform provider of sustainable battery-electric and hydrogen-electric mobility for trucks and buses, has been in provisional insolvency proceedings since this week. The Augsburg…
Read the original article here
Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception
Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore
The legislative intent of the Insolvency and Bankruptcy Code, 2016 (IBC) is to provide a consolidated framework for reorganization, insolvency resolution and liquidation of corporate persons, partnership firms and individuals for maximization of the value of assets. Further, IBC has had a significant impact on the health of the country’s banking sector and redefined the debtor creditor relationship.
Read the original article here
Bankruptcy is a legal process that allows individuals and businesses to resolve outstanding debts owed to creditors while offering them some protection during the process. There are restrictions on the types of bankruptcy you’re allowed to file. How you file depends on whether you are an individual or a business, your level of income, and the kind of debt you have.
Overview of bankruptcy
The purpose of bankruptcy is two-fold. First, it assists creditors in dealing with an insolvent debtor. Second, it allows individuals and businesses a chance to start fresh after a financial downfall. Bankruptcy can also preserve a business’s assets…
Read the original article here
A former director of a once prominent meat exporting firm, currently under liquidation, was arrested last month for allegedly swindling money taken as loan in the name of the company and selling homes on mortgaged land, the Delhi Police said on Wednesday.
The police identified the accused as Moshin Mohammad, the former director of MK Overseas Private Limited.
In 2021, Yes Bank had filed a police complaint against MK Overseas, accusing it of taking loans worth Rs 95 crore in 2016. Using the money, Moshin allegedly constructed flats on company-owned land that he had mortgaged to Yes Bank while taking the loan.
“The company mortgaged one of its properties located on 19C, Ansari Road,…
Read the original article here
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.
David Paul Morris | Bloomberg | Getty Images
DNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul Revere or the 15th great nephew four times removed of the last King of Prussia is worth the perceived risk of sharing a DNA sample. But what happens when the company harvesting the DNA goes bankrupt?
That was the question posed to millions of Americans last week when 23andMe, the company that popularized consumer genetic testing and had early backing from Google, filed for bankruptcy, leading to a wave of calls for Americans to delete their DNA from the company’s…
Read the original article here
The Dutch fashion chain Gerry Weber has been declared bankrupt by the court in Amsterdam on April 2, 2025, marking a significant downturn for the company that has been facing financial difficulties for some time. The bankruptcy comes after the company had already requested a suspension of payments earlier this week, indicating the severity of its financial situation.
According to curator Marc van Zanten, there is a “very real chance of a restart of the Dutch branch of the retail chain in the short term.” This optimistic outlook is bolstered by the fact that all 38 stores in the Netherlands will remain open for the next six weeks, allowing for potential buyers to assess the business.
Gerry Weber, which operates in…
Read the original article here
01 April 2025
These countries generate 40% of global GDP but are home to 60% of the world’s poor. UNCTAD’s chief urges debt relief and trade reform to help them escape the middle-income trap.
Default image copyright and description
© UN Photo/Loey Felipe | UNCTAD Secretary-General Rebeca Grynspan delivers the keynote speech to a UN General Assembly high-level meeting on middle-income countries on 1 April in New York.
Addressing the structural barriers to sustainable development, UN Trade and Development…
Read the original article here
Sigma Finance Corporation – RNS Announcement Business Wire