Brittany Higgins will likely be declared bankrupt in the Federal Court on Tuesday, after being forced to pay former senator Linda Reynolds over $1 million following defamation action.
Reynolds filed a creditors petition against Higgins according to a report in The Australian, which will ask Judge Craig Colvin for a sequestration order that allows a trustee to control Higgins’ financial affairs.
The order would make Higgins financials more transparent, including the monies she received from her $2.4 million compensation payout by the Commonwealth in 2022.
Know the news with the 7NEWS app: Download today
Higgins is not expected to be in the Perth court, according to the report.
This leaves the option open for Justice Colvin to defer a…
Read the original article here
SINGAPORE – Embattled entertainment group mm2 Asia is seeking a court moratorium that could prohibit winding-up resolutions from being passed for a four-month period, as it pursues a restructuring exercise involving a proposed scheme of arrangement with creditors.
In a bourse filing on Nov 10, mm2 Asia said it applied to the High Court of Singapore for a moratorium pursuant to the Insolvency, Restructuring and Dissolution Act. Earlier in the day, it announced that it had received a
$74.6 million payment demand from UOB
.
The latest move comes as mm2 Asia attempts to reorganise its business and financial affairs, having received payment demands for millions of dollars from landlords of outlets of its failed cinema chain Cathay Cineplexes…
Read the original article here
Vikas WSP Reports Widening Losses Amid Ongoing Insolvency Process scanx.trade
Read the original article here
Brittany Higgins may be declared bankrupt in the Federal Court today, just weeks after she dropped her appeal against former Liberal Senator Linda Reynold’s defamation win.
Reynolds has applied for a creditors petition against Higgins in a dramatic escalation of her bankruptcy proceedings against her former staffer.
Reynolds’s legal team also reportedly plans to ask the court for a sequestration order allowing a trustee in…
Read the original article here
Sonder Holdings Inc. (NASDAQ: SOND), once a promising player in the flexible living and hospitality sector, saw its shares plummet by over 60% today, November 10, 2025, following the devastating announcement that the company will immediately wind down operations and initiate a Chapter 7 liquidation of its U.S. business. This abrupt decision sends shockwaves through the market, signaling the complete collapse of a venture that aimed to redefine urban accommodations. The company also disclosed plans to commence insolvency proceedings in its international operating regions.
The dramatic fall comes on the heels of Sonder’s failure to secure crucial additional liquidity or a viable sale that could sustain its operations. A…
Read the original article here
Sonder Holdings Inc. (SOND) Plummets Over 60% as Company Announces Chapter 7 Liquidation Markets Financial Content
Read the original article here
Shares in Brazil’s Oi tumble after court declares firm bankrupt Reuters
Read the original article here
Read the original article here
…
Read the original article here
The German company IDAGIO, which runs a specialist classical music streaming service, has completed its insolvency proceedings in self-administration. The whole process took about four months, and the creditors have unanimously agreed to the insolvency plan proposed by the company. The proceedings will soon be approved by the Charlottenberg District Court.
The new shareholders are the Berlin-based music entrepreneur Ki Soo Lee and Jim Chang from Singapore. They will aim to give the streaming service a more international outlook, thus opening new opportunities to grow the company’s customer base.
The company said it was satisfied with the outcome, given that operations were able to proceed as usual throughout the process. They…
Read the original article here
Sonder Holdings (Nasdaq: SOND) announced on November 10, 2025 that it will immediately wind down operations and expects to initiate a Chapter 7 liquidation of its U.S. business.
The company said it will also start insolvency proceedings in international jurisdictions after failing to secure additional liquidity or a viable going-concern sale. Management cited prolonged integration challenges and unanticipated costs tied to aligning systems and booking arrangements with Marriott International, which terminated its licensing agreement on November 9, 2025. Further details on court proceedings and the status of non-U.S. operations will be provided by the Chapter 7 trustee or…
Read the original article here
Hamilton car dealership’s million dollar tax bill Waikato Times