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…
Brussels, 21 June 2023 FTI Consulting, Inc. (NYSE: FCN) today announced the continued investment in its Corporate Finance & Restructuring segment in Belgium with the appointment of business transformation expert Jean-Michel Mollo. His arrival marks the launch of the firms Business Transformation practice in the Belgian market, complementing FTI Consultings established strategic communications offering. Mr. Mollo,…
For some, moving ahead with a debt relief company is an unavoidable last resort if bankruptcy is looming. Before moving ahead with this choice it is important to understand the risks that accompany it and how to lessen any future issues. What is the process of working with a debt relief company? A debt relief…
One of Australias oldest chocolate brands, Ernest Hillier Chocolates, has gone into voluntary administration. Its parent, Chocolate & Confectionery Company, said rising raw materials and shipping costs had significantly impacted margins. Alan Walker and Glenn Livingstone from WLP Restructuring Partners have been appointed as the administrators and are seeking urgent expressions of interest from parties…
Alan Walker and Glenn Livingstone have been appointed as Voluntary Administrators to Chocolate & Confectionery Company and its related entity that owns and manufactures Ernest Hillier Chocolates, one of Australias oldest chocolate brands. Following rising raw materials and shipping costs which significantly impacted the companies margins, voluntary administrators were appointed. The businesss distribution network spans…
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…
Electronic Arts has announced a restructuring, realigning into EA Entertainment and EA SPORTS. Here is what it means for the companys business. What happened? In an announcement shared with employees, Electronic Arts CEO Andrew Wilson revealed that the publisher will now function as two organizations, EA Entertainment and EA Sports. This move should help it…
Debt relief companies, also sometimes referred to as settlement or adjustment companies, offer a number of services to help make it easier or less expensive to pay down large amounts of high-interest debt. Debt relief is often a last-resort option. And, depending on your relief method, debt relief can be expensive and risky. However, it…