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The Aussie Plant Based Co has made a swift return to the national market, announcing that its brands are once again available across Australia.

Less than a year after entering liquidation in October 2024, Love Buds has launched into Coles supermarkets and Betty’s Burgers menus, as well as plans to roll out ready-made meals under its vEEF brand to petrol stations and independent retailers across the country.

The business, formed in 2023 through the merger of Fënn Foods’ vEEF and All G Foods’ Love Buds brands, entered liquidation due to cash flow issues. It was acquired shortly after by Smart Foods and relaunched under the leadership of Gold Coast entrepreneur Raghu Reddy.

“What we’ve…

TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs.

Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators resulting in liabilities of at least 10 million yen ($63,000) in 2024 jumped over 30 percent to 72, up from 53 in 2023, Teikoku Databank Ltd. said.

Japanese ramen soup noodles typically combine meat and vegetable toppings with broth. Despite rising costs, the average price of a bowl of ramen is still under 700 yen, according to Teikoku Databank. A popular lunchtime…

An 89-year-old Long Island widow who sold her family’s house to pay the nearly $1 million fee to live at a local retirement home had to move out of the facility after it fell into bankruptcy — one of hundreds of residents nationwide who have lost their nest eggs.

Arlene Kohen moved into Harborside, a luxury senior community in Port Washington, in January 2020 after selling her family’s home in Great Neck for $838,000 to afford the required $945,000 entrance fee.

Harborside, which filed for bankruptcy three times — in 2014, 2021 and 2023 — had assured her that 75% of the entrance fee would be refundable to her heirs or returned if she left the facility.

Aaron Carter’s Estate Declared Insolvent, Unable To Pay $241K Debt

Two years after his death, Aaron Carter’s estate has reportedly been declared insolvent, informing the court it’s unable to cover the late singer’s $241K tax debt.

Documents obtained by In Touch reveal that despite selling off many of Aaron’s assets, including his home and car collection, the estate has been unable to recover due to mounting interest, penalties, and ongoing legal disputes.

Despite reportedly leaving behind $810,547 in assets, the administrator stated that the IRS claims Aaron owes $46,116 for 2018 and another $118,000 for 2021, which the estate can’t cover.

It’s also noted that, as a result, little remains to be transferred to…

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By Rukayat Moisemhe

The Nigerian Bar Association – Young Lawyers Forum (NBA-YLF) has urged the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to foster stronger collaboration.

The forum said such collaboration would enhance youth inclusion and increase participation in Nigeria’s insolvency practice landscape.

NBA-YLF Chairman, Mr Timothy Clement, made the appeal during a courtesy visit to BRIPAN President, Mr Chimezie Ihekweazu (SAN), on Saturday in Lagos.

Clement expressed young lawyers’ growing interest in insolvency and business recovery and requested training concessions to boost their engagement.

He noted that…

Solar glass manufacturer Borosil Renewables has announced that its step-down German subsidiary, Glasmanufaktur Brandenburg (GMB), has filed for insolvency under the German Insolvency Code before the jurisdictional court in Cottbus.

The company said it filed for insolvency due to the sustained deterioration in the European solar manufacturing ecosystem, with Chinese manufacturers flooding the market with underpriced solar modules. The influx of the cheaper Chinese components led several European module makers to shut down, resulting in a sharp decline in demand for solar glass.

GMB, which has a manufacturing capacity of 350 tons per day (TPD), was supplying solar glass to European manufacturers. Despite providing financial support of…

Federal Crown agency Export Development Canada pushed Calgary robotics startup Attabotics Inc. toward insolvency last month after the money-losing company failed to raise financing that would have enabled it to fund a spate of new business, according to documents filed with an Alberta court.

The company, down to 11 employees after laying off 192 of its 203-person staff and suspending most of its operations on June 30, is soliciting options to sell its assets or business over the next month.

Attabotics last Wednesday filed an intention to make a proposal under…

The company behind a $1.5 billion plan to build the world’s largest prawn farm on a remote Northern Territory cattle station will be liquidated following a failed appeal in the Federal Court.

In February, the court found Seafarms subsidiary Project Sea Dragon had been insolvent since at least June 2020 with the judge ordering liquidators be appointed to wind up the company.

Construction company Canstruct brought the action against Project Sea Dragon after its $13.9 million contract was terminated in April 2022.

On Friday, the Federal Court dismissed Project Sea Dragon’s appeal against the February judgement and ordered the company to pay Canstruct’s legal costs.