Insolvency Guardian Media Centre
Hamilton car dealership’s million dollar tax bill Waikato Times
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News | Aparthotel brand Sonder to immediately stop operations, begin liquidation process CoStar
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Marriott and Sonder just had a messy breakup — and guests are caught in the middle Fast Company
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Insolvency-related activity rose again in Wiltshire, Berkshire and the South East last month, says R3, the UK’s restructuring, turnaround and insolvency trade body.
R3’s analysis of data provided by Creditsafe indicated an increase in insolvency-related activities from 187 in September to 210 in October.
This represents a 12.3 per cent monthly increase although October’s figure is also 28.3 per cent below the same period, which experienced a spike, in 2024.
The figures include administrator and liquidator appointments together with creditors’ meetings.
The South East figure for insolvency-related…
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Sonder to file bankruptcy Hotel Management
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A court in Rio de Janeiro has declared Oi bankrupt, ending decades of operation for the former telecommunications giant. Some services will remain operational provisionally to guarantee essential public and private contracts.
The Rio de Janeiro court decreed this Monday (10) the bankruptcy of the Oi Group, one of the oldest and most emblematic operators in the country. The decision, signed by the judge Simone Gastesi ChevrandThe decision by the 7th Business Court of the Capital District marks the end of a turbulent trajectory of attempts at judicial reorganization and a past in which the company became a symbol of the “national champions” project in the telecommunications sector.
According to the judge, the…
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Aban Offshore Enters CIRP Amid Financial Struggles scanx.trade
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Entertainment group and former Cathay Cineplexes operator mm2 Asia on Monday (Nov 10) said that United Overseas Bank (UOB) had sent letters demanding repayment of S$74.6 million (US$57 million) from the company and its subsidiaries.
The letters were sent to mm2 Asia and its subsidiaries mm2 Entertainment, UnUsUaL Management, mm Plus and mm Connect on Nov 7, the company said in a filing on the Singapore Exchange.If the debt is not repaid within seven days, UOB may commence legal proceedings without further reference, the letters stated.
The letters of demand follow millions of dollars in repayment demands from landlords over the now-closed cinema chain Cathay Cineplexes.
Cathay Cineplexes, which had been facing financial…
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Sonder Holdings Inc., a boutique apartment rental company, said it’s going to file bankruptcy after the cash-strapped company lost a key partnership with Marriott International.
The firm will wind down operations immediately through a Chapter 7 liquidation of its US business, according to a Monday statement. The decision came one day after Marriott International terminated a licensing agreement with Sonder because of “prolonged challenges” in the integration of its technology, Sonder said.
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Citi head of U.S. equity trading strategy Stuart Kaiser joins ‘Mornings with Maria’ to discuss why Wall Street remains bullish heading into year-end despite high A.I. valuations and tariff uncertainty.
President Donald Trump said Monday that he plans to use tariff revenue to issue $2,000 payments to low- and middle-income Americans, with any remaining funds directed toward paying down the nation’s massive debt.
Over the weekend, Trump called those who oppose tariffs “fools” and defended his proposal, saying revenue from the duties would deliver direct payments to Americans.
“All money left over from the $2000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign…