Insolvency Guardian Media Centre
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Village Roadshow Entertainment Group, the renowned film producer and financier that has backed “The Matrix,” “Ocean’s Eleven,” “Joker” and “The Lego Movie” franchises, has filed for bankruptcy protection in the U.S.
The U.S. company filed for Chapter 11 in Delaware on Monday, with $223.8 million in asset-backed secured notes and $163.1 million of senior secured debt, according to court documents. The news comes amid a long-drawn out and expensive legal battle with its long-standing partner Warner Bros. over “The Matrix Resurrections,” a 2021 sequel to the sci-fi series.
Village Roadshow had sued for breach of contract after WB released the feature on Max…
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The One condominium and hotel under construction at the intersection of Yonge St. and Bloor St. in Toronto on Oct. 23, 2023.Arlyn McAdorey/The Canadian Press
A recent court judgment against a company controlled by Toronto-area real estate developer Sam Mizrahi over a $12.9-million loan made against an Ottawa condominium project includes allegations of secret loans not initially disclosed to other lenders.
The ruling from Justice Charles Hackland rejected claims by Mr. Mizrahi that one of his lenders, V2 Investment Holdings Inc., had acted in “bad faith” in attempting to register a previously unsecured loan against a development property. Justice Hackland found in favour of V2 and affirmed that the…
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The number of company insolvencies rose 11 per cent year-on-year to 1,971 across England and Wales in January 2025, according to data from the Insolvency Service.
It was the highest level registered in January for more than five years.
This rise in corporate insolvencies is down to an increase in the number
of Creditors’ Voluntary Liquidations and administrations and showed that businesses were choosing to close following too many years of challenging trading conditions and before the rise in costs from the increase to employers’ national insurance contributions and to the national minimum wage in April.
In addition, the recent cut in the growth forecast has had an impact on business confidence and led to many directors becoming…
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Simbhaoli Sugars Appoints New Company Secretary Amid Insolvency Proceedings TipRanks
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Simbhaoli Sugars Appoints New Company Secretary Amid Insolvency Process TipRanks
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Getty Images/iStockphoto 
When financial pressures mount and debt payments become overwhelming, many people begin searching for potential relief options, like debt forgiveness, which reduces your balance and makes it easier to pay off the remainder of what’s owed. But while credit card debt, medical bills and student loans tend to dominate debt forgiveness discussions, personal loans…
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This comes after the family agreed to pay US$3.5 billion to the court-appointed liquidators of the company and top creditor HSBC
HIN Leong’s founder Lim Oon Kuin and his two children were declared bankrupt last week, the electronic government gazette published on Friday (Dec 27) showed.
Better known in the oil trading industry as OK Lim, the 82-year-old, his 57-year-old daughter Lim Huey Ching and 54-year-old son Lim Chee Meng will have their bankruptcy estates managed by trustees Leow Quek Shiong and Seah Roh Lin of BDO Advisory.
The bankruptcy stemmed from the former Singapore oil tycoon and his two children having agreed in September to pay US$3.5 billion to the court-appointed liquidators of the company and top creditor HSBC after a…
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Introduction
The Privy Council has considered an appeal from the Court of Appeal of the Eastern Caribbean Supreme
Court, originating from the courts of the British Virgin Islands (BVI), and delivered a landmark
judgment in Sian Participation Corporation (In Liquidation) v Halimeda International Ltd [2024] UKPC
16. This decision engages the competing public policy considerations of (a) ensuring insolvency
proceedings can progress without undue delay; and (b) upholding parties’ agreement to arbitrate
disputes.
The Privy Council has decided that a debt must be the subject of a genuine dispute on substantial
grounds for the court to stay or dismiss a creditor’s winding up petition in favor of arbitration. It is not
enough…
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Goodtech Solutions AB Declared Insolvent, Financial Implications for Goodtech ASA TipRanks
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Ms Jeffrey said the biggest number of queries the Shropshire CAB had received concerned the Personal Independence Payment (PIP).
It is currently paid to more than 3.6 million people who have a long-term physical or mental health condition in England, Wales and Northern Ireland.
There are two elements – a daily living component and a mobility component. Claimants may be eligible for one or both.
Under the government’s proposals, assessments for the daily living part will be tightened.
The Office for Budget Responsibility said it will affect around 800,000 people.
The government has also announced changes to a number of other benefits.
Ms Jeffrey said she also wanted to make people more aware of the financial help and advice they could receive.
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Sponsored: Credit Card Debt Relief for Texans WFAA
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Himley Environmental Ltd (HEL), which owns the Oak Farm Quarry and Landfill site adjacent to the pub, which was gutted in a fire nearly two years ago, has been wound up voluntarily, according to Companies House.
George Adam Taylor was a previous director of HEL and is currently a director of ATE Farms Limited, the firm that bought The Cooked House from Marstons in July 2023.
Mr Taylor’s wife, Carly, was also a director before she stepped down from ATE Farms Limited in December 2023.
A final statement of affairs issued by the liquidator showed that the HEL had debts totalling £1,222,312, including £679,616 owed to the Environment Agency.
