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…
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…
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.…
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…
Former Manchester United star Wes Brown has broken his silence after being declared bankrupt last year. The 44-year-old, who made more than 300 Premier League appearances during a career which spanned over two decades, lost millions after hanging up his boots. HMRC filed a bankruptcy petition against Brown last February and the petition was rubber-stamped…
Former Manchester United star Wes Brown has broken his silence after being declared bankrupt last year. The 44-year-old, who made more than 300 Premier League appearances during a career which spanned over two decades, lost millions after hanging up his boots. HMRC filed a bankruptcy petition against Brown last February and the petition was rubber-stamped…
BERLIN — Germany’s only remaining major department store chain is set to get new owners after its third spell in bankruptcy protection in four years, and the company aims to keep most of its stores open, its insolvency administrator said Wednesday. Galeria Karstadt Kaufhof is to be taken over by a consortium of U.S. private…
Highlights Former Manchester United defender Wes Brown has spoken out for the first time since being declared bankrupt. The 44-year-old was declared bankrupt last year after HMRC filed a bankruptcy petition against the ex-England international. Brown has revealed that he didn’t have the ‘right people’ to guide him during his younger years. Former Manchester United…
BERLIN Germanys only remaining major department store chain is set to get new owners after its third spell in bankruptcy protection in four years, and the company aims to keep most of its stores open, its insolvency administrator said Wednesday. Galeria Karstadt Kaufhof is to be taken over by a consortium of U.S. private equity…
Midlands-based professional services firm PKF Smith Cooper has acquired insolvency boutique BLB Advisory. The move comes as the former continues to execute regional expansion plans, adding eight new experts to its team in the process. Dean Nelson, head of business recovery and restructuring at PKF Smith Cooper, commented, Acquiring BLB Advisory Limited has strengthened our renowned…