David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds MSN
Read the original article here
Hyderabad: Suspended Amberpet sub-inspector B. Bhanu Prakash Reddy was arrested after departmental and Special Branch (SB) inquiries found that he had allegedly mortgaged gold jewellery seized from a crime scene and had allegedly disposed of his 9 mm service pistol to fund his gambling habit.
Prakash Reddy was accused of mortgaging five tola gold jewellery worth about Rs.5 lakh that was seized in a theft case. He was accused of selling or misplacing his service pistol, which is yet to be recovered.
Prakash Reddy, a 2020 batch SI, was serving as law and order in-charge of Sector-1 at Amberpet police station. He had earlier worked as a detective sub-inspector at the same police station in June 2025 when the five-tola gold jewellery was…
Read the original article here
© Agenzia Nova – Reproduction reserved
In Germany, 471 companies with revenues exceeding ten million euros filed for insolvency in 2025, a 25 percent increase over last year. This is according to an analysis conducted by the corporate restructuring consultancy Falkensteg and commissioned by the German newspaper “Handelsblatt.”
The largest increase in insolvencies was recorded among car dealers, where the number increased by almost 200 percent. “For 2026, we expect a further increase of 15 to 20 percent. While the insolvencies of recent years have had a partially corrective effect, they are now impacting the very foundations of companies. In some sectors, it is now simply a matter of survival,” said Jonas Eckhardt, co-author of the…
Read the original article here
In a timely update to the UK’s restructuring toolkit, the Chancellor of the High Court Sir Julian Flaux has issued a revised Practice Statement (2025 PS) on Schemes of Arrangement under Part 26 and Restructuring Plans (RPs) under Part 26A of the Companies Act 2006. Published on 18 September 2025, this document replaces the current 2020 version and applies to cases where convening hearings are listed on or after 1 January 2026. Coming amid a surge in financial restructurings driven by economic headwinds, rising interest rates, and post-pandemic debt maturities, the 2025 PS aims to modernise procedures, enhance efficiency, and address judicial bottlenecks highlighted in recent high-profile cases like Adler Group, Thames…
Read the original article here
Australia’s environmental not-for-profit Planet Ark goes into voluntary administration MSN
Read the original article here
The European Parliament and Council have agreed on a directive to harmonize key aspects of EU insolvency law. The directive introduces targeted minimum standards aimed at reducing internal-market frictions and improving efficiency, predictability, and recoveries in cross-border cases.
Once enacted, this will be among the most significant developments in EU insolvency law in recent years, with implications for corporate boards, lenders, funds, creditors, and insolvency professionals across the EU.
It is set to reshape restructuring and enforcement strategies by harmonizing core areas, including:
- avoidance actions (with calibrated knowledge standards, hardening periods, and proportionate carve-outs)
- asset tracing (with…
Read the original article here
‘I can’t even, bro’: Popular Aussie music festival slips into liquidation The Chronicle | The Chronicle
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
SKIL Infrastructure Creditors Clear Invitation for Bids in Insolvency Process TipRanks
Read the original article here
Former F1 star Robert Doornbos had the world at his feet and was once one of the most promising young drivers on the circuit. He made his F1 debut mid-season in 2005, stepping in to partner Christijan Albers at Minardi. He raced in eight Grands Prix with the team before joining Red Bull Racing in 2006 as a reserve/test driver, later replacing Christian Klein for the final three races. Doornbos wouldn’t race in F1 again after 2006 and eventually found success in American Champ Car racing for Minardi.
Dutch real estate tycoon Harry Muermans, who established Muermans Group with his brother in 1978, became financially invested in Doornbos’ journey in the early years. It’s typical in racing for wealthy investors to sponsor talented drivers to…
Read the original article here
Last year, courts declared 154 companies bankrupt, which is 14 fewer than in 2024.
Of those, 140 were private limited companies, 10 were public limited companies, three were non-profit associations, and one was a commercial association, data from the commercial register shows.
The highest number of company bankruptcies occurred in 2009, when the total reached 544. Since 2012, the number has remained between 100 and 167 per year.
In 2025, Harju, Pärnu, Tartu, and Viru county courts received 2,773 bankruptcy petitions concerning legal and natural persons.
Of these, nearly 37 percent — or 1,024 — were insolvency petitions submitted by company owners.
There were 320 insolvency petitions filed against private individuals.
—
Follow ERR…
Read the original article here
After years of rising electric bills, a fixed-income couple finally gets relief — and a lesson for consumers with solar leases.
GIBSONVILLE, N.C. — Just east of Greensboro, on about a half-acre of land, sits a home built in 1984 — and filled with decades of memories for Helen and Bernard Brooks.
“It means a lot,” Helen Brooks said. “I mean your home is your castle.”
The Brooks’ castle gained a 21st-century upgrade several years ago when solar panels were installed on the roof. But not long after, a major problem emerged.
“The company that put them in…
Read the original article here
