About 240 companies are owed money and unsecured creditors are also likely to be out of pocket after liquidators Colin Gower and Diana Matchett from BDO Christchurch combed through the company’s assets and debts in their first report.

“Unfortunately, we do not anticipate that there will be any funds available for a distribution to unsecured creditors,” they said.

Founded in 1918, the Christchurch institution operated nine stores mainly in the South Island with a focus on furniture, electronics and appliances.

About 130 staff were employed before the company wound down operations…

It’s a scenario no one wants to find themselves in. You open your mail to find a court summons, or a process server knocks on your door with a lawsuit over your delinquent credit card debt. Maybe you saw it coming, or maybe life threw you a curveball when a medical emergency, job loss or unexpected expense made even the minimum payments impossible. Whatever the cause, though, that summons in your hand…

Marathon Asset Management LP bought the term loan of collapsed First Brands Group at around 40 cents on the dollar and sees it as a “great company” with a bad balance sheet, Chief Executive Officer Bruce Richards said.

“We feel good about that position because we think it’s a great company that needs to be restructured,” Richards said Thursday in an interview with Bloomberg Television. Marathon snapped up the term loan “in the 40s,” he said.

Katie Price is set to lose almost half of her monthly income to pay off her debts as a judge said she must reduce her ‘extravagant’ spending habits.

The former glamour model, 47, was first declared bankrupt in 2019 and again last year.

Her financial woes were so severe she owed the taxman £750,000 and had to sell her £2 million ‘Mucky Mansion’. 

Both bankruptcies have since been discharged, but she remains the subject of a court order known as an income payments order (IPO).

This means she must pay 40 per cent of her monthly income from several companies, including adult content site OnlyFans, to the trustee of her bankruptcies until February 2027.

On Thursday, barristers for the trustee asked a specialist bankruptcy court to make a…

The legal dispute between actor Salman Khan and gym equipment maker Jerai Fitness has finally been settled after both parties submitted consent terms before the National Company Law Appellate Tribunal (NCLAT).

The issue began when Salman Khan entered into a trademark licensing agreement with Jerai Fitness through his fitness brand Being Strong. The partnership started in 2018, was revised in 2019, and renewed again in August 2023 under a fresh contract, as reported by Bar & Bench

Under the deal, Jerai was allowed to manufacture, market, and sell gym equipment using the Being Strong brand name. In return, the company had to pay Rs 3 crore annually or 3% of its net sales, whichever was higher.

Salman Khan later claimed that Jerai had…

Katie Price is set to lose almost half of her monthly income from multiple companies to pay off creditors after a judge said she must reduce her “extravagant pattern of expenditure”.

The former glamour model was first declared bankrupt in 2019 and again last year.

Both bankruptcies have since been discharged, but she remains the subject of a court order known as an income payments order (IPO), meaning she must pay 40 per cent of her monthly income from several companies to the trustee of her bankruptcies until February 2027.

On Thursday, barristers for the trustee asked a specialist bankruptcy court to make a second IPO, which would see a further 10 companies pay 40 per cent of Ms Price’s monthly income to the trustee for three…

Katie Price faced more financial woes as she was told to pay almost half her earnings to creditors after being declared bankrupt for a second time last year

Katie Price is set to lose almost half of her monthly income from multiple companies to pay off creditors after a judge said she must reduce her “extravagant pattern of expenditure”.

The former glamour model was first declared bankrupt in 2019 and again last year. Both bankruptcies have since been discharged, but she remains the subject of a court order known as an income payments order (IPO) – meaning she must pay 40 per cent of her monthly income from several companies to the trustee of her…

The Toxic Avenger has returned and he’s ready to help out humanity beyond the screen. Cineverse and The Toxic Avenger have teamed up with Undue Medical Debt to raise funds to wipe out the hospital bills. So far this campaign has been able to take away $15 million worth of a burden on people across the country. Here’s the press release from Cineverse with all the details about the charity and information on how to watch The Toxic Avenger at home:

Katie Price has been told to cut her ‘extravagant’ spending as she is set to lose almost half of her monthly income from multiple companies to pay off creditors

Katie Price is on the brink of forfeiting nearly half of her monthly earnings from various businesses to settle debts, following a judge’s ruling that she must curb her “extravagant pattern of expenditure”. The ex-glamour model was initially declared bankrupt in 2019 and once more last year.

While both bankruptcies have been discharged, she remains under an income payments order (IPO), obliging her to pay 40% of her monthly earnings from several companies to the trustee of her bankruptcies until…

The former glamour model was first declared bankrupt in 2019 and again last year.

Both bankruptcies have since been discharged, but she remains the subject of a court order known as an income payments order (IPO), meaning she must pay 40% of her monthly income from several companies to the trustee of her bankruptcies until February 2027.

On Thursday, barristers for the trustee asked a specialist bankruptcy court to make a second IPO, which would see a further 10 companies pay 40% of Ms Price’s monthly income to the trustee for three years.

The companies include media and entertainment firms, and the partnership which acts as Ms Price’s agent.

Neither Ms Price nor any of the 10 companies were in attendance or represented at the…

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Biesse SPA ( (IT:BSS) ) just unveiled an update.

Biesse S.p.A. is undergoing a liquidation procedure for 489,664 shares, representing 1.7869% of its share capital, following a resolution to amend its bylaws to introduce enhanced voting rights. The settlement of these shares and the associated transactions will occur on October 14, 2025, impacting shareholders who exercised their rights of option and pre-emption, with the liquidation value set at Euro 7.77 per share.

The most recent analyst rating on (IT:BSS) stock is a Hold with a EUR7.50 price…

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American Shipping Company ASA ( (ASCJF) ) has issued an update.

American Shipping Company ASA, currently under liquidation, has announced a liquidation dividend of NOK 1.481 per share, totaling NOK 106,430,344. Following the distribution and pending approval of the liquidation settlement, the company will be completely liquidated, with trading of its shares suspended from 21 October 2025.

More about American Shipping Company ASA

Average Trading Volume: 176,423

Current Market Cap: NOK107.1M

Find detailed analytics on ASCJF stock on TipRanks’…