Insolvency Guardian Media Centre
(PDF) Predicting bankruptcy in construction business: Traditional model validation and formulation of a new model ResearchGate
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LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – December 2024 Credit Connect
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Swazi Observer Swazi Observer
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2024 was another brutal year for trucking companies and freight brokerages. Thousands of firms called it quits, sought bankruptcy protection or both. Fraud-related stories also dominated the headlines. FreightWaves looks back at some of the year’s key stories.
Illinois-based Nationwide Cargo Inc. files for bankruptcy
Founded in June 2010, Nationwide Cargo Inc. of East Dundee, Illinois, filed for Chapter 11 bankruptcy on March 13. The company hauls general freight, fresh produce and meat, according to the Federal Motor Carrier Safety Administration’s SAFER website.
The petition, filed in the U.S. District Court for the Northern District of Illinois, listed Hristo Angelov as the president of Nationwide Cargo.
No reason was given as to why…
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How to spot the warning signs of insolvency in the construction supply chain Dentons
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As beleaguered Croydon council declared effective bankruptcy on Wednesday afternoon, its interim chief executive, Katharine Kerswell, sent an ominous wake-up-call memo to staff: “Too many of us are still operating like business as usual,” she warned, “and are not facing up to our new reality that we are actually in a financial crisis.”
The methodical drip-drip erosion of council budgets in recent years had maybe inured some to the scale of the challenge now facing the south London borough. Bankruptcy came suddenly, but the origins of the council’s woes go back years, driven by heady dreams of making Croydon a major housing developer, and hampered by a culture of lax financial controls and poor governance.
The new reality is…
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UK Trade Darling Stenn Went from $900 Million to Insolvency in Days Bloomberg
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Sussex Covid loan company directors ‘sleepwalking’ into disqualification SussexWorld
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The liquidation of BelGan, Belgium’s last industrial chip manufacturer, ends on Thursday. On Friday, interested parties can still bid for a combination of lots. The liquidation has so far raised more than 20 million euros, which will be used to pay severance to employees.
BelGan, based in Oudenaarde, filed for bankruptcy in July. The company – formerly known as Mietec – worked on innovative gallium nitride-based semiconductors. It struggled during the COVID-19 pandemic and was deemed not profitable enough to stay open.
Potential buyers of BelGan did not make serious offers to restart the company, and at the time there was no Flemish or federal government to facilitate the process. So more than 400 employees lost their jobs and Belgium…
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Manchester-based Alderman’s Drinks, the company that produces Didsbury Gin, has gone into liquidation after owing its creditors nearly £200,000 (US$245,877).
Didsbury was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted to ‘take gin to the next level’.
A year after founding the brand, the pair won a £75,000 (US$88,952) grant after appearing on BBC television series Dragons’ Den, which in return would take a 10% stake in their business.
Manton and Smallwood were awarded a Medal of the Order of the British Empire (BEM) in the King’s 2023 New…
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Azerbaijan’s debt management strategy sets global example of fiscal health [ANALYSIS]
![Azerbaijan's debt management strategy sets global example of fiscal health [ANALYSIS]](https://www.azernews.az/media/2025/01/09/p09vhml6.jpg)