By Alex Wittenberg ( August 13, 2025, 6:33 PM EDT) — The operator of United Kingdom-based stores of the bankrupt jewelry retailer Claire’s said Wednesday it would open an insolvency proceeding and appoint administrators, one week after Claire’s filed for Chapter 11 protection in Delaware bankruptcy court….
Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily…
Read the original article here
Many of the changes to the Insolvency and Bankruptcy Code (IBC), proposed in the Bill tabled in the Lok Sabha on Tuesday, were long overdue. To be sure, the corporate insolvency resolution process (CIRP) has been amended from time to time to plug loopholes—it was amended six times in the first five years. However, the mechanism continued to suffer from infirmities and, as was highlighted by the Supreme Court in its recent order in the Bhushan Steel-JSW Steel case, resolutions have come about at the cost of regulatory compliance. Among the key changes this time around is the introduction of a creditor-led resolution process which can be kicked off provided 51% of the financial creditors, by value, concur.
Creditor-led process for…
Read the original article here
Getty Images
While carrying high amounts of debt is rarely ideal, this issue isn’t always the result of reckless spending. For many Americans, it’s caused by the fallout of rising living costs, medical emergencies, job loss or simply trying (and failing) to keep up with the payments on high-rate credit cards. After all, as those balances grow and the compound interest piles up, what once felt manageable can quickly spiral…
Read the original article here
The Cricket Australia chief executive, Todd Greenberg, has warned some nations will go “bankrupt” if they continue to play the longest format of the game, stressing he sees a future with fewer Test nations.
Admitting he has become a “little unpopular” since taking over from Nick Hockley in March, the former Australian Cricketers’ Association boss believes “scarcity in Test cricket is our friend, not our foe”.
“I don’t think everyone in world cricket needs to aspire to play Test cricket, and that might be OK,” Greenberg said on Wednesday with 100 days to go before the Ashes. A lot of traditionalists might not like that.
“I’m not suggesting I know the number that will play, but literally we’re trying to send…
Read the original article here
An error has occurred
Your request was blocked by Link11 Web Application Security.
If you believe this is the result of an error, contact the administrator of
www.tipranks.com.
ID: 1004fd93bac05ee36857ebc4db9fc43e, IP Address: 110.232.115.214, Status Code: 471
Timestamp: 2025-08-13T20:06:47.717952463+00:00
Read the original article here
Insolvency resolution timeline shrinks by 2 months since March MSN
Read the original article here
Insolvency resolution timeline shrinks by 2 months since March MSN
Read the original article here
“Test Cricket could make countries go bankrupt”: Cricket Australia CEO MSN
Read the original article here
NAXS AB
The Board of Directors of NAXS AB (publ) (“NAXS” or the “Company”) announces its recommendation to amend the Company’s investment mandate to allow for an orderly liquidation process of its existing portfolio of assets.
The NAXS share has traded at a persistent discount to net asset value over a long period of time. In addition, the Company has maintained a significant portion of its net asset value in cash in order to capitalize on major market dislocations, but these opportunities have not appeared, and the Company has not fully deployed this cash. The board has now concluded that shareholders are best served by realizing value through the divestment of portfolio assets, rather than pursuing new capital commitments. Since the…
Read the original article here
NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter to 694 days at the end of June, but remains significantly higher than the prescribed 180 days, which can be extended by another 90.According to the latest numbers released by the Insolvency and Bankruptcy Board of India, 78% of the resolution plans have been ongoing for more than 270 days, indicating the extent of delay in the process that was meant to ensure strict timelines so that creditors can realise maximum value from the assets. But, litigation in multiple forums as well as limited capacity in the National Company Law Tribunal have resulted in enormous…
Read the original article here
Bowen Coking Coal enters voluntary administration MSN
Read the original article here
Todd Greenberg, CEO of Cricket Australia, has raised concerns that Test cricket may become financially unfeasible for certain nations. He has called for a focus on fewer, more prominent matches to preserve the format’s value. Greenberg believes that making Test cricket more exclusive will help maintain its prestige in the modern era.
Test cricket has been facing increasing challenges, particularly with the rise of T20 leagues and global tournaments, leaving many boards struggling. While matches between top teams remain competitive and entertaining, some of the cricket boards often lack the resources to support the demands of the five-day format.
“Not every country in world cricket needs to be committed to playing Test…