Category Archives: Bankruptcy

Future Retail’s digital database prior to insolvency not available for verification, says Compliance Offic – Economic Times

Future Retail‘s structured digital database prior to the corporate insolvency resolution process has not been available for verification for the quarter that ended September due to various reasons, including non-cooperation from erstwhile management and lack of administrative arrangements, the company’s newly-appointed company secretary and compliance officer said in a regulatory filing. The company has now…

Bitcoin at $5,000 Might Happen Next Year: Leading Financial Expert – U.Today

Yuri Molchan Bitcoin may sink to unbelievable lows next year, according to Eric Robertsen Contents Bitcoin to $5,000 again? Here’s why it is possible, per Robertsen Tim Draper stands by his $250,000 prediction As reported by Bloomberg, the head strategist of Standard Chartered believesthere is a high risk of Bitcoin plunging to the $5,000 level…

Borgward Brand Dies Again, Declared Bankrupt – Motor1

Listen to this article Out of nowhere, Borgward returned to the automotive scene in the second half of 2015 after being dormant for more than half a century. However, its revival was not a direct successor to the old German company. Chinese automaker Beiqi Foton Motor, a subsidiary of BAIC Group, bought the rights to…

Accountant who describes himself as ‘profit coach’ owes IRD $800k – New Zealand Herald

Murray Allott owes IRD more than $800,000. Photo / Supplied Some days you never seem to have enough money! This is one of the catch-phrases of an accountant, liquidator and self-described profit coach who has landed in hot water after failing to manage his own money correctly. Murray Allott now owes IRD more than $800,000…

National Company Law Tribunal, Mumbai Bench Sends ‘Supreme Housing & Hospitality Private Limited’ Into… – Live Law – Indian Legal News

National Company Law Tribunal, Supreme Housing & Hospitality Private Limited, Corporate Insolvency Resolution Process Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/law-firms/deals/national-company-law-tribunal-supreme-housing-hospitality-private-limited-corporate-insolvency-resolution-process-215777

Resistance in Germany is growing to insolvencies, redundancies and wage dumping – WSWS

Outrage is growing in the working class. Across Germany and Europe, the costs of the pandemic, economic crisis and war are being passed on to working people. More and more workers are ready to take up the struggle against exploitation, spinoffs and job cuts. Workers are confronted not only with the greed for profit of…

Borgward declared bankrupt in China following 2015 relaunch, RM2.94 billion loss sustained last year – paultan.org – Paul Tan’s Automotive News

Borgward declared bankrupt in China following 2015 relaunch, RM2.94 billion loss sustained last year In Borgward, International News / By Mick Chan / 5 December 2022 11:08 am / 0 comments Chinese-owned German brand Borgward has been declared bankrupt by a court in Beijing, China according to Foton, reports Automotive News Europe, The ruling was…

‘I’m deeply sorry, I take responsibility’: Director of tiny home company gone bust is former bankrupt – Stuff

Alistair Hughes Podular customers say they handed over hundreds of thousands of dollars believing they would be getting their dream home but the houses were never built. In 2019 Charles Innes was discharged from bankruptcy after the failure of several businesses. By the end of the year he was at the helm of a new…

Locals’ disbelief at Barry Harte’s record €170m personal insolvency deal in High Court – Irish Examiner

We see the Land Rover going in and out, but thats about it, says a neighbour of Barry Harte in the quiet West Cork village of Timoleague. The Land Rover and an SUV sit parked outside the former parochial house where Mr Harte and his wife have lived for decades and from where he managed…

Supreme Court confirms directors’ extended duty to protect creditors – Kennedys – Kennedys Law

On 5 October 2022, the UK Supreme Court confirmed that directors sometimes owe an extended duty to uphold the interests of a companys creditors when solvency is in doubt. The precise circumstances in which this special duty is triggered will be more fully developed in future cases, but the Court ruled that merely a real…