Before its demise, Enron was a large energy, commodities, and services company based in Houston, Texas. Its collapse affected over 20,000 employees and shook Wall Street. At Enrons peak, its shares were worth $90.75. When it declared bankruptcy on Dec. 2, 2001, shares traded at $0.26. Key Takeaways Enrons accounting method was revised from a…
The simplified debt restructuring process was largely successful although the number of companies involved was small. By Keeli Cambourne 19 January 2023 8 minute read ASIC has outlined its findings on all the small business restructuring practitioner appointments for the 18-month period to 30 June 2022 in the first assessment of the scheme. Youre out…
Read this article in: Amsterdam-based The Next Closet, a peer-to-peer marketplace for secondhand designer clothes and accessories has been declared bankrupt by the Amsterdam court. It is still being determined why bankruptcy was filed by the company. The resale market in the fashion industry is currently very competitive, so profit margins have become very thin.…
Ippei Mizuhara stands accused of covering his gambling debts by stealing millions of dollars from Shohei Ohtanis bank account. Ippei Mizuhara, the former translator for Shohei Ohtani who was fired late last month amid allegations he stole millions of dollars from the baseball stars bank account to cover debts that Mizuhara owed to an illegal…
The Australian rugby community was left stunned in January, when the Melbourne Rebels entered voluntary administration, weeks before the start of the Super Rugby Season. The Rebels had been in trouble for some time, but things seemingly came to a head in January 2024, when the team’s ever-increasing debt became untenable. Despite fielding an impressive…
Shohei Ohtani had no idea his translator was gambling millions of dollars, and the feds have concluded not only was the Dodger star NOT involved in the scheme, he was a victim of fraud … law enforcement sources with direct knowledge tell TMZ Sports. The feds have been investigating Ippei Mizuhara, Ohtani’s longtime translator, close…
India’s specialist bankruptcy court, the National Company Law Tribunal (NCLT), has granted the administrator of Go First (GOW, Mumbai International) another 60 days to complete the carrier’s corporate insolvency resolution process. The court granted the extension, which now runs until June 3, during an April 8 hearing. Go First’s administrator, known locally as a resolution…