Category Archives: Bankruptcy

Karen Millen reveals she 'misses the cleaner' she had before going bankrupt – Daily Mail

By Maria Chiorando For Mailonline Published: 02:14 AEST, 16 April 2024 | Updated: 02:31 AEST, 16 April 2024 Karen Millen OBE has revealed that she misses the cleaner she used to have before going bankrupt. The designer, 62, who lives in Kent, made the comments in an interview wi… Read the full article at: https://www.dailymail.co.uk/femail/article-13310725/Karen-Millen-reveals-misses-cleaner-going-bankrupt.html

Indian tribunal halts Deccan Charters' insolvency process – ch-aviation

India’s National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against Deccan Charters (Bengaluru International) until its next hearing on April 26, according to multiple local media reports. The tribunal directed the applicant, financial creditor Krone Finstock, to reply within four days to arguments presented by Deccan Charters in its appeal filed with the…

'The Tiny Chef Show' Stop-Motion Studio Factory Transmedia Declares Bankruptcy – Cartoon Brew

Indie British animation studio Factory Transmedia, which produced the animation for the first season of Nick Jr.s The Tiny Chef Show, is shutting down after being placed into a creditors voluntary liquidation. In the U.K., that means that the company is insolvent and no longer has the funds to pay its liabilities. The Altrincham, U.K.…

Efforts on to develop cross-border insolvency framework, say experts – Business Standard

IIIPI Chairman Ashok Haldia said IIIPI has been proactively engaged in capacity building and policy advocacy on various aspects of the insolvency profession | file image 2 min read Last Updated : Apr 14 2024 | 7:15 AM IST Efforts are going on to develop a cross-border insolvency framework with a cautious approach and such…

Beware of personal guarantees, warns insolvency firm – AccountantsDaily

Personal guarantees can lead small and medium businesses into bankruptcy, warns national insolvency and turnaround firm Jirsch Sutherland.  Youre out of free articles for this month To continue reading the rest of this article, please log in. Create free account to get unlimited news articles and more! The firm said owners of small and medium…

More than 800 company directors banned for abusing Covid support scheme – GOV.UK

Tough action taken against directors to tackle Covid loan misconduct A total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up more than 80% on the previous year The average length of director disqualification for Covid misconduct in 2023-24 was almost 10 years More than 800 company directors have been…

NCLAT stays insolvency proceedings against Deccan Charters till April 26 – Business Standard

Deccan Charters had repaid some amount which was adjusted into the accrued interest | Photo: Wikipedia 2 min read Last Updated : Apr 12 2024 | 2:39 PM IST The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing.…

Zig Zag, UK Producer Behind 'I Wanna Marry Harry' & 'Danny Dyer's Deadliest Men,' Declared Insolvent – Yahoo Canada Finance

EXCLUSIVE: Zig Zag, the 25-year-old UK producer behind shows including Foxs I Wanna Marry Harry, is shutting its production arm after being hit by the unscripted commissioning drought. Zig Zag is putting Zig Zag Productions Limited into insolvency as part of a financial restructuring that has resulted in six employees being made redundant. More from…

Enron: Scandal and Accounting Fraud – Investopedia

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…

Amsterdam's The Next Closet declared bankrupt: Know more – Silicon Canals

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.…