Former Nexus Independent founder Kerry Nelson has been declared bankrupt, official records show. The Gazette has been updated to show a bankruptcy order for Kerry Kathleen Nelson, as at November 2023, ‘occupation unknown’, of Stroud Green Lane, Fareham. The filing was made in the county court at Portsmouth. A spokesperson for the Official Receiver’s office…
Enviva, the leading exporter of wood pellets in the United States, is on the brink of filing for Chapter 11 bankruptcy following a significant misjudgment in future commodity prices, which led to substantial financial losses. Maryland-based company might proceed with the bankruptcy filing by the end of this week, pending the expiration of a 30-day…
Hydroponic farming, a method familiar to those growing crops such as lettuce in greenhouses, is not a new concept. However, recently, a water-based cultivation project stood out. The project’s floating island was showcased at the Floriade in Almere. Its first harvest took place in the summer of 2022. This experiment was a collaborative effort by…
In a bid to strengthen the resolution process pertaining to personal guarantors, the Insolvency and Bankruptcy Board of India has mandated resolution professionals to provide a copy of its report containing recommendations to both creditors and debtors. Under the Insolvency and Bankruptcy Code, a resolution professional is required to submit a report before the adjudicating…
The company deceived consumers into signing up to a subscription charging them almost 30 a month Paragrim Ltd tricked consumers into signing up to the Mediacraze.net website Consumers were charged a monthly direct debit without their permission and which they were unable to easily unsubscribe from Insolvency Service investigations found no evidence the website provided…
Glass tableware manufacturer Ritzenhoff has filed for insolvency under self-administration due to economic challenges. The company is well-known for its colourful designs on drinking glasses that can be found in many German households. The company said the move was part of a strategy for the long-term stabilisation of the company amid ongoing business operations. It…
Against this backdrop, the regulator has directed that in case of a FSP, the liquidator concerned should declare the category under which the particular FSP has been notified by the central government Liquidators need to ensure that financial service providers have the requisite permission from their respective regulator before commencing voluntary liquidation process under the…
Go First has received a 60-day extension from the National Company Law Tribunal for its to corporate insolvency resolution process as three parties have expressed interest in taking over the grounded budget carrier. The resolution professional representing Go First informed the NCLT about the interest from potential buyers. Previously, on Nov. 6, an extension of…
By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 14:57 AEDT, 13 February 2024 | Updated: 15:09 AEDT, 13 February 2024 An award-winning luxury apartment builder has gone into liquidation as higher interest rates cripple the home construction sector. Task… Read the full article at: https://www.dailymail.co.uk/news/article-13076607/Taskers-Living-Development-Company-plunges-liquidation-Perth-apartment-builder-folds.html
A vessel formerly owned by Carlos Rafael aka the Codfather that was later relaunched by the now-bankrupt and defunct Blue Harvest Fisheries has been declared a total loss after a recent fire. The fire department in Fairhaven, Massachusetts, U.S.A. said the F/V Carrabassett is a total loss after welding aboard the vessel caused a large…