Insolvency Guardian Media Centre
Deputy Mayor encourages Tshwane residents to utilise new debt-relief scheme IOL
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Techindia Nirman Limited Schedules Third CoC Meeting Amidst Insolvency Proceedings TipRanks
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Hudson’s Bay is liquidating. Here’s what you need to know CTV News
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TORONTO — Hudson’s Bay is due to liquidate all but six of its stores starting on Monday.
Here’s how the process will unfold.
Which stores are part of the liquidation?
Hudson’s Bay wants to liquidate all but six of its stores. It has 80 stores under the Hudson’s Bay banner, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.
Those stores are divided between 32 locations in Ontario, 16 in B.C., 13 each in Alberta and Quebec, and two in each of Manitoba, Nova Scotia and Saskatchewan.
Saks Fifth Avenue’s Canadian sites are split between Ontario and Alberta, while Saks Off 5th has stores in Ontario, B.C., Alberta, Quebec and Manitoba. U.S. stores are not…
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TEL AVIV: Israel’s Political-Security Cabinet approved defence minister Israel Katz‘s proposal to establish a “voluntary transition administration” for Gaza residents who express an interest in emigrating to other countries, subject to the provisions of Israeli and international law, and in accordance with the proposal of US President Donald Trump.
This administration will work, among other things, to prepare for and enable safe and controlled passage of Gaza residents for their voluntary departure to third…
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FKI reports highest number of insolvent companies in South Korea since 2019 – CHOSUNBIZ 조선비즈
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A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA
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KATIE Price was discharged from her second bankruptcy this week – and has now vowed to claw back her lost £100million fortune.
It brings to an end six years of financial hell for the 46-year-old model, and she has now been discharged from her second bankruptcy, relating to an unpaid tax bill of over £750,000.
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The star thanked fans for their support following a Zoom call with her lawyer, telling The Sun: “I’m so happy. “I can finally move on and put these bankruptcies behind me and now only focus on the positive.
“Thank you to everyone that has supported me through this process.”
Once…
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Singapore Corporate Insolvencies Reach Highest Level Since 2010 Bloomberg
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Legalpay Funds A Bengaluru-Based Hospital Under Corporate Insolvency Process BW Disrupt
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The storied Hudson’s Bay Company will start liquidating on Monday. The company that started as a fur-trading outpost will begin getting rid of its inventory in all but six of its 96 stand-alone stores, plus three Saks Fifth Avenue stores and 13 Saks Off 5th shops.
Hudson’s Bay Co. has a history that spans as far back as 1670. The company was active in Alaska during the western expansion of the fur trade. While is very much part of Canada’s European heritage, the company touched Alaska, which was still owned by Russia in 1847, by establishing the trading post of Fort Yukon, as well as fur trading posts as far west as Atlin, British Columbia.
While HBC had…
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Bengaluru-based Ola Electric has encountered significant challenges at the start of the year. The company is already struggling with sales, due to which it has dropped down to fourth position in the Indian EV race, according to data from Vahan portal. Earlier, the company had cited that this drop in sales was due to changes being made in its vehicle registration process. But now, two bankruptcy petitions have been filed against Ola by Rosmerta Digital Services, a vendor that handles its vehicle registration services.
(Also Read: Dharwad’s Grievance Redressal Commission Orders Ola To Compensate Another Customer’s Purchase)
The petitions were submitted to the National Company Law Tribunal (NCLT) in Bengaluru. Reports state that…