BaaS provider Dock Financials two German entities have filed for insolvency, despite the company planning to continue the operations of its regulated entity in Luxembourg. As per the information provided, two of the Germany-based entities of Dock Financial filed for insolvency, with the news following the companys US counterpart Synapses bankruptcy news from the end…
Katie Price has been hit with an eviction notice at her notorious ‘Mucky Mansion’ and she’s got just days to pack up and leave. A snap of the letter, dated April 24th, 2024, was exclusively shared with Mirror Online by a passerby, revealing that “the eviction will take place on May 29th, 2024, at 10am”.…
3 min read Last Updated : May 27 2024 | 5:41 PM IST Trouble continues to mount for GoAir as the beleaguered airline has temporarily lost its slots and foreign bilateral rights to other carriers, including Air India and IndiGo, according to a report by the Times of India. In the aviation industry, airlines of…
It wasnt just the free shrimp that tanked Red Lobster. The Orlando-based seafood chain filed for Chapter 11 bankruptcy last week citing $1 billion in debt, according to court filings. The company announced the closure of dozens of stores nationally, with plans to sell company assets including auctioning interior furniture and kitchenware. The announcement comes…
The real world is made up of some significant dramas that dont announce themselves in advance to a majority of people. As the old maxim goes: No one rings the bell for all to hear when a stock market is about to crash. Similarly, a significant slowdown or even a recession can surprise a lot…
The number of people taking out a debt relief order (DRO) reached a record high in England and Wales in April, according to new figures. Some 3,436 DROs were recorded by the Insolvency Service in April, marking a record high in the statistics going back to when DROs were introduced in 2009. The jump coincided…
Small borrowers with annual income up to 60,000 are likely to get automatic relief for any unsecured loans they are unable to repay, according to a new scheme for personal insolvency resolution that the government has prepared. The new scheme that will replace colonial era laws dealing with personal bankruptcy will also give breathing space…
Fragbite CEO Marcus Teilman has resigned to “pursue new challenges” one day after the publisher declared Alara Prime developer Fall Damage bankrupt. The Swedish video game and esports company has named chairman Stefan Tengvall as interim CEO. Tengvall will step down as chairman of the board as a result but will remain a board member.…
The board of directors of Fragbite Group has declared bankruptcy for its subsidiary Fall Damage Studio. According to the company in a release, the bankruptcy became unavoidable after the Swedish development team was unable to pen an agreement with a publisher for its ALARA Prime PC game which led to an unsustainable financial situation”. As a…
Mumbai: The Pre-packaged Insolvency Resolution Process (PPIRP) has resulted in the full settlement of operational creditors‘ claims in five cases.They are – Amrit India, Sudal Industries, Shri Rajasthan Syntex, Enn Tee International and GCCL Infrastructure and Projects. The government enacted the Insolvency and Bankruptcy Code (IBC) in August 2021 and introduced the PPIRP for micro,…