The bargain retail chain Big Bazar can no longer defer payments to its creditors. As a result, there is a high probability that the bargain chain will be declared bankrupt on Tuesday morning, Big Bazar’s attorney, Oscar van Oorschot, told ANP on Monday afternoon. Moments earlier, the District Court of Noord-Nederland in Leeuwarden denied the…
The court declared Holland Norway Lines bankrupt on Monday. The ferry service to Kristiansand, Norway, has been shut down, bankruptcy administrator Hans Silvius confirmed to RTV Noord. Last week, the ferry company reported that it had run into financial problems after leaving the Eemshaven, filing for a deferment of payment on Wednesday. Until April, the…
Kashaya Williams: Bankrupt celebrity wedding planner flaunts her jet-set lifestyle and Louis Vuitton luggage – despite owing hundreds of thousands in will row after trying to snatch her granddad’s house Fury erupts at bankrupt wedding planner’s luxury lifestyle Kashaya Williams seen lazing in the sun in tropical paradise Leaked video reveals Louis Vuitton luggage and…
ASIC has disqualified two unrelated directors for multiple company failures that left almost $11.5 million in debts including more than $9 million to the ATO. Athina Bragiannis of Preston, Victoria, has been banned for three and a half years for involvement in the failure of two property development companies, Cleveland Lodge Developments and Bellbird Estate…
New Delhi: Rising instances of bankruptcy actions by creditors under Indias Insolvency and Bankruptcy Code (IBC) against distressed companies are fuelling the growth of forensic audits, and signifies the increasing importance of such audits in providing evidence for court proceedings, said experts. Forensic auditors scrutinize financial records to unearth evidence, including irregularities, which are relevant…
Sep 2, 2023 Attorney-General Mark Dreyfus says bankruptcy laws should serve debtors, while protecting creditors. -AAP Image The time allowed for a debtor to respond to a bankruptcy notice could be raised under reforms being considered by the federal government. Attorney-General Mark Dreyfus is seeking to overhaul the Bankruptcy Act, releasing a discussion paper outlining…
CHARLESTON A small, private university in West Virginia declared bankruptcy on Thursday, a month after announcing that it planned to stop operating. Alderson Broaddus University filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the states northern district. According to the filing, the university estimated it had between $1 million and $10 million in…
VanMoofers, rejoice the ebike gods have not abandoned you. Yesterday, McLaren Applied and its escooter department Lavoie announced they had agreed to purchase the bankrupt ebike startup. The details of the deal have not been made public. However, the F1 engineering and technology company stated that it would invest in stabilising and expanding VanMoofs existing…
A small, private university in West Virginia declared bankruptcy on Thursday, a month after announcing that it planned to stop operating. Alderson Broaddus University filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the state’s northern district. According to the filing, the university estimated it had between $1 million and $10 million in total…
Katie Price said being married costs a lot of money as she faces a new bankruptcy hearing (Picture: Instagram / Katie Price) Katie Price has despaired over her past marriages costing her money as she grapples with bankruptcy. The former glamour model, 45, has been married three times and engaged to multiple other men, including…