Insolvency Guardian Media Centre
A German family-owned furniture manufacturer based in Sonnefeld, Bavaria, has filed for insolvency, the company announced in a press release. Founded in 1955, the business has been managed by the Mäusbacher family for three generations and employs 125 people.
© Sergii Gnatiuk | Dreamstime
The insolvency will be handled under self-administration, allowing the company, Mäusbacher Möbelfabrik GmbH, to continue operations while restructuring. According to the announcement, employee salaries are guaranteed through insolvency benefits, and production and deliveries remain “fully secured.” Managing Director Marco…
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North Carolinians are finding out they are no longer in debt to hospitals NC Newsline
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2003 Rugby World Cup Winners, Ex-England Captains, Declared Bankrupt After Divorce Ruck.co.uk
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The National Company Law Appellate Tribunal (NCLAT) has rejected a plea challenging Nuvoco Vistas Corporation’s acquisition of Vadraj Cement during the insolvency resolution process, upholding the order of the National Company Law Tribunal’s (NCLT) Mumbai bench, according to a report by news agency PTI.
A two-member bench of NCLAT led by Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra dismissed an appeal filed by an employee representative of Vadraj Cement, who had objected to the resolution plan citing issues over gratuity dues.
In April this year, NCLT had cleared Nuvoco Vistas’ resolution plan, which involved an upfront payment of ₹1,800 crore. Nuvoco, the cement business of the Nirma…
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A 25-year-old man who assisted in arranging a fake marriage in order to recoup a gambling debt owed to him, has been sentenced to six months in jail.
Lin Jun Hao (transliterated), who was arrested at Woodlands Checkpoint, faced two charges under the Immigration Act.
According to a report by Shin Min Daily News, the court heard that in late 2021, Lin met a man named Huang Zhi Heng (transliterated).
They often played poker together, and Huang would borrow money from Lin in an attempt to recoup his losses.
One day, Huang asked Lin if he knew anyone willing to enter into a fake marriage with a Vietnamese woman. If the two parties went through with the union, Huang would be able to pay off his debts to Lin.
As he wanted to recover the money he…
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Five trucks wait their turn early this year to unload chickpeas for transfer on to a vessel at the Wagner’s wharf at Pinkenba, one of Brisbane’s four grain-export terminals. Photo: JSM Bulk Shipping
GRAIN storage and logistics company JSM Bulk Shipping and associated entity Rain-Ag Shipping Services have gone into liquidation, effective August 21.
Out of sites at Wellcamp, west of Toowoomba, and Myrtletown in Brisbane, JSM Bulk Shipping loaded 19 cargoes for various trading companies between commencing operations in June 2024 and its most recent vessel in March.
With Helios Advisory managing principal Declan Lane now appointed as liquidator, JSM Bulk Shipping is no longer in a position to continue handling…
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This Star Went Bankrupt After Movie With Big B And Katrina Kaif, Luckily Wife’s Gamble Paid Off News18
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After a three-year pause prompted by the pandemic, the clock on student loan repayments suddenly started ticking again in September 2023, and forbearance ended last September. For millions of borrowers like Shauntee Russell, the resumption of payments marked a harsh return to financial reality.
Russell, a single mother of three from Chicago, had received $127,000 in student loan forgiveness through the SAVE program, and had experienced profound relief at having that $632 monthly payment lifted from her shoulders. SAVE exemplified both the transformative power of debt relief and the urgent need to continue this fight — but now SAVE has been suspended.
Such setbacks cannot be the end of our story, as I document in my…
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