Capstone Green Energy Completes Financial Restructuring Plan, Emerges From Chapter 11 – Yahoo Finance

Restructuring

Company Secures Additional $7 Million in New Financing at Exit, Bolstering Financial Resources for Enhanced Market Leadership in The On-Site Power Generation Industry LOS ANGELES, December 07, 2023–(BUSINESS WIRE)–Capstone Green Energy Holdings, Inc. (the “Company”), the public successor to Capstone Green Energy Corporation (Predecessor Capstone), announced the successful completion of the restructuring of the Capstone…

A Supreme Court ruling has given personal insolvency a fresh start in India | Mint – Mint

Bankruptcy

The introduction of corporate insolvency under Indias Insolvency and Bankruptcy Code (IBC), 2016, was a watershed moment. It transformed the debtor-creditor relationship in India. Till August 2023, 26,518 applications for the insolvency resolution of companies with defaults on debt worth 9.33 trillion were withdrawn before their admission, according to data from the Insolvency and Bankruptcy…

Reality star Teddy Briggs's luxury car to be sold to pay debts after business goes into liquidation – ABC News

Bankruptcy

Liquidators will sell reality TV star Teddy Briggs’s prized Mercedes-Benz as part of their efforts to claw back more than $600,000 owed to creditors ranging from government agencies to disgruntled customers of his controversial online business.  The former Love Island and Celebrity Amazing Race contestant placed his business Teddy Briggs Co into liquidation in November.…

GDK Group collapses into liquidation owing $45m, impacting Sydney factory | news.com.au Australia's leading news … – news.com.au

Liquidation

A string of companies involved in the building industry have collapsed into liquidation with cumulative debts of more than $45 million. A news.com.au investigation has found that 11 companies that appear to be linked to a cabinet manufacturing factory in Sydneys Wetherill Park and also with offices in Melbourne and Hong Kong part of the…

Mum's despair when she discovered her son, 16, was gambling tens of thousands of dollars in local pubs – forci – Daily Mail

Gambling

By Karen Sweeney For Australian Associated Press Published: 15:37 AEDT, 7 December 2023 | Updated: 15:37 AEDT, 7 December 2023 When a Melbourne mother discovered her 16-year-old son was gambling tens of thousands of dollars she began a frantic mission to get him help, only to b… Read the full article at: https://www.dailymail.co.uk/news/article-12835741/Melbourne-mum-despair-son-gambling-thousands-Preston-Hotel.html