SIGNA Sports Expected to Make Insolvency Filing in Coming Days – Bloomberg Law

Bankruptcy

<-rte-company state=”{“_id”:”0000018b-4d0c-d53f-a1eb-7d0dcf950000″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>SIGNA Sports United</-rte-company> says that its Tennis-Point unit has already filed for insolvency, according to a <-bsp-bb-link state=”{“bbDocId”:”S2TT2JBLKPOG”,”_id”:”0000018b-4d0c-d53f-a1eb-7d0dcf950002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>filing</-bsp-bb-link>. Other legal entities of the group, including the company itself, expected to make insolvency filings in the coming days Company securities are expected to be delisted from the NYSE on Oct. 23 To contact the reporter…

Wiggle Chain Reaction Cycles pauses invoice payments and … – CyclingWeekly

Bankruptcy

Online cycle retailing giant Wiggle Chain Reaction Cycles has been telling suppliers that it will not be paying invoices and that it is cancelling orders of more stock, Cycling Weekly and CyclingNews have learned. This afternoon, Wiggle’s parent company Signa Sports United (SSU) put out a statement saying its “legal entities” were “currently in the…

Wiggle and Chain Reaction facing insolvency after financial woes – BikeRadar

Bankruptcy

Email tells partners of intension to file for insolvency as parent company suffers severe liquidity and profitability challenges This competition is now closed By Stan Portus Published: October 20, 2023 at 10:30 am Uncertainty surrounds the future of Wiggle Chain Reaction after its business partners were sent an email, seen by BikeRadar, stating the company…

Supertech ORB Project Faces Insolvency Over Defaulted Debt By … – Investing.com Australia

Bankruptcy

Reuters. The Supertech ORB project, managed by the indebted Supertech group, has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the Prayagraj National Company Law Tribunal (NCLT). This decision follows a plea from Assets Care and Reconstruction Enterprises Limited (ACRE) regarding a defaulted debt repayment of Rs. 482 crore, including both principal and…

[Overseas] A Processing Plant Of Canada's Only Rare Earth Miner … – SMM – Shanghai Metals Market

Bankruptcy

Vital Metals, Canadas only rare earths producer, declared bankruptcy at its Canadian subsidiary following a review of its semi-finished processing plant in Saskatoon, which worth $55 million. The company suspended construction of the Saskatoon plant in April, citing rising plant costs and falling rare earth prices that reduced the viability of refining ore at the…

Understanding a Property Transaction at an Undervalue in Insolvency – Today's Conveyancer

Bankruptcy

If a business experiences financial difficulty and becomes insolvent, the appointed officeholder scrutinises the companys financial affairs to identify whether antecedent transactions have been made. These are transactions conducted before, or at the time of insolvency, and are typically associated with fraudulent activity or attempts to avoid repaying the companys creditors the monies they are…