Christopher Kane facing business closureTim Whitby/BFC – Getty Images Christopher Kane is to appoint insolvency administrators this week with the business on the brink of collapse. The London Fashion Week brand has reportedly hired FTS Recovery in the hope of securing an investor to save the company. “This difficult decision has been reached to give…
Normal text sizeLarger text sizeVery large text size A hotshot millennial investment adviser who made a name for himself setting up a fund to invest in one of the best cars in the world has been hit with a temporary travel ban amid an investigation by the corporate watchdog. Magnolia Capital boss and real estate…
MUNICH, June 21 (Reuters) – German automotive supplier Allgaier, whose customers include Porsche (P911_p.DE), has filed for insolvency, a court said on Wednesday, a year after being sold to a Chinese investor. The Goeppingen district court said it had appointed Pluta law firm’s Fritz Zanker as provisional insolvency administrator. Allgaier, which has about 1,700 employees,…
Sandalwood scheme promoter Frank Wilson is bankrupt after failing to douse a $15.2 million debt owed to the finance arm of his former flagship Quintis. Federal Court judge Katrina Banks-Smith declared him bankrupt after rejecting Mr Wilsons conspiracy claims over alleged actions after he left Quintis in March, 2017, to pursue a failed takeover bid.…
Christopher Kane was once one of the buzziest labels on Londons fashion week schedule. Now, the company is on the brink of bankruptcy. On Wednesday, the company said its board will file an intention to appoint insolvency firm FTS Recovery as administrators, with a goal to either refinance the companys existing debt or find a…
Mexican airline Interjet, the largest foreign buyer of the Russian regional jets Sukhoi Superjet SSJ-100, declared officially bankrupt. On May 31, an auction started in Mexico to sell the carriers assets, as reported by the Russian newspaper Kommersant. The total value of the auctioned movable property, including office equipment, is estimated at $105 million, with…
For how mind-blowingly lucrative a career in top-level football can prove, even if a player doesnt fulfil their potential, stories of post-playing career bankruptcy are worryingly common. Nobody is safe from the reality of life. Its been proven time and time again by some of the biggest names in the game that no matter how…
STATE OF NORTH DAKOTA IN DISTRICT COURT COUNTY OF BURKE NORTH CENTRAL JUDICIAL DISTRICT North Dakota Agriculture Commissioner, Petitioner, -vs- Pipeline Foods, LLC; and Atlantic Specialty Insurance Company; Respondents. Case No. 07-2023-CV-00019 NOTICE OF NORTH DAKOTA AGRICULTURE COMMISSIONER, ACTING BY AND THROUGH THE NORTH DAKOTA DEPARTMENT OF AGRICULTURE, AS TRUSTEE AND NOTICE TO FILE CLAIMS…
A bankrupt former deputy mayor had questions of his own when declining to participate in an interview with police over an alleged fraud. Salim Mehajer, 37, repeatedly told police he was not participating in a recorded interview in January 2021 and maintained his innocence as he answered questions from and asked them to NSW Police…
Jirsch Sutherland Personal guarantees can sink business owners Understand the risks of ‘personal Kryptonite’, urges insolvency specialist Personal guarantees can lead to bankruptcy, and SME owners should understand the risks and the ‘rewards’ of personal liability on business debts, urges Jirsch Sutherland, national insolvency and turnaround solutions specialist. A personal guarantee (also known as a…