Signa Development files for insolvency with $1.3 billion in debts -KSV By Reuters – Investing.com

Reuters. FILE PHOTO: The sign of Signa Holding is placed on a crane next to a construction site in Vienna, Austria, December 19, 2023. REUTERS/Lisa Leutner/File Photo FRANKFURT (Reuters) -Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts of around 1.16 billion euros…

Investigation into suspected arson after fires at Benu Village site – Luxembourg Times

An investigation into suspected arson has been launched following fires this week which ravaged the site of a non-profit organisation declared bankrupt a month ago, Luxembourgs public prosecutors office has said. Firefighters were called out on two separate occasions to tackle fires this week at the site of Benu Village in Esch-sur-Alzette. The first fire…

Small business restructuring in Australia: Two years on, is the new process working as intended? – Norton Rose Fulbright

From 1 January 2021, Australias insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing one size fits all voluntary administration and scheme of arrangement processes available…

Australia's Small Business Restructuring regime: a tool to revive your manufacturing business – William Buck

In times of economic uncertainty, SME businesses are generally squeezed harder than larger ones, with fewer levers to help them navigate financial distress. This is particularly relevant for manufacturing businesses, which have faced headwinds in recent times caused by high inflation, increasing interest rates, supply chain issues and challenges sourcing skilled people. This uneven playing…

Air Methods completes financial restructuring (Shutters SpriteUAS) sUAS News The Business of Drones – sUAS News

Air Methods Corporation (Air Methods or the Company), the leading air medical service provider in the U.S., announced today that it has successfully emerged from Chapter 11 with significantly reduced debt and increased liquidity that positions the Company for long-term success. Air Methods is moving forward as an industry leader in air medical services and…