Vice Media Group has officially declared bankruptcy. The youth-focused digital publisher, long known for its brash and edgy content, has US$834 million in debt obligations, according to The Hollywood Reporter. Frank A. Pometti, a consultant hired as the chief restructuring officer of Vice Media, wrote in a declaration filing: Like many other growth companies in…
At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record. Among the firms seeking Chapter 11 protection were digital media group Vice Media and as reported here Monday (May 15) private equity-backed healthcare firm Envision. According to a Bloomberg News report, this was the largest number of bankruptcy filings recorded…
Once Irelands richest person, Mr OReilly was the leading figure in businesses including Eircom, Independent News & Media and Waterford Wedgwood in his day. The former Ireland rugby player, who is now 87, also owned a slate of trophy properties in Ireland and abroad. He and his brother-in-law, Peter Goulandris, also ploughed 500m into Waterford…
The Insolvency Service Updated 16 May 2023 Contents Summary Background Survey Results and response Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London…
In short: Tasmanian company Multi-Res Builders was placed in liquidation on Sunday What’s next?: The liquidator says it will know in the next few days how many businesses, home owners and creditors are affected Liquidators are investigating how many contractors have been left unpaid and homes left unfinished after the collapse of a Tasmanian building company.…
The bankruptcy court has dismissed an application filed by IDBI Trusteeship Services Ltd to initiate the corporate insolvency resolution process (CIRP) against Dish TV‘s promoter group company Direct Media Distribution Ventures Pvt Ltd. Former Dish TV chairman and MD Jawahar Goel, along with his family, is a promoter of Dish TV. Goel is Essel Group…
Former Manchester United and England defender Wes Brown has been declared bankrupt, according to a report from the Daily Mirror. HMRC filed a bankruptcy petition against the former England international at the end of February. The High Court then confirmed the action on April 12 and the order was made public earlier this week. The…
What do the Voyager and Bittrex bankruptcies mean for your crypto?10’000 Hours/Getty Images Redeem now Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. Two crypto platforms, Voyager…
(Bloomberg) — England and Wales recorded fewer insolvencies in April than a year earlier, indicating the number of failing businesses may be starting to stabilize. A total of 1,685 firms went bust last month, a drop of 15% compared with April 2022, according to the Governments Insolvency Service. But that followed a 16% surge in…
Article content (Bloomberg) England and Wales recorded fewer insolvencies in April than a year earlier, indicating the number of failing businesses may be starting to stabilize. Article content A total of 1,685 firms went bust last month, a drop of 15% compared with April 2022, according to the Governments Insolvency Service. But that followed a…