Dutch robot developer Honest AgTech B.V. has been declared bankrupt. On June 27, the Noord-Holland District Court declared bankruptcy on the Delft-based company. The robot developer, known for a highly autonomous driving horticultural robot, filed for bankruptcy itself. There was a liquidity shortage. A relaunch is currently being investigated. When asked, curator Claus from Heemstede…
DetailsBy The Royal GazetteJune 28, 2023 Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease of life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien of most of his stake in the telecoms group in exchange…
DetailsThe Real Housewives of Atlanta alum Kim Zolciak is reportedly in financial distress, and according to her soon-to-be ex-husband, Kroy Biermann, their joint and personal debts are all Zolciaks fault. The former pair shocked all by filing separate divorce documents in May 2023 after nearly 12 years of marriage, and a blended family of six.…
DetailsJune 29 (Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis, inflation and rising interest rates, a study by credit agency Creditreform showed on Thursday. There were 8,400 corporate insolvencies in Germany…
DetailsDutch robot developer Honest AgTech B.V. has been declared bankrupt. On June 27, the Noord-Holland District Court declared bankruptcy on the Delft-based company. The robot developer, known for a highly autonomous driving horticultural robot, filed for bankruptcy itself. There was a liquidity shortage. A relaunch is currently being investigated. When asked, curator Claus from Heemstede…
DetailsProblem gambling can have a devastating effect on the lives of people that are addicted to the activity. But even if theres no at-risk or problem gambling at hand, gambling can result in the accumulation of large debt. Now, a new report suggests that a former National Football League (NFL) star, may be facing a…
DetailsLike an uncontrolled demolition, construction companies have been collapsing at a rate that has not been seen for almost a decade. As of late June 2023, ASIC data shows that 2023 construction companies have gone into liquidation since mid-2021. This figure dwarfs the next industry sector (accommodation and food services) of 1013 companies and makes…
DetailsThursday 29 June 2023 6:13 am Insolvencies are likely to rise amid a perfect storm of rising interest rates, higher costs and a slowing economy. All the indicators show that insolvencies will rise and I think that our message is that management teams need to be taking advice earlier and recognising the problem earlier, Sarah…
DetailsGarry Lee, chair of insolvency and restructuring trade body R3s Southern and Thames Valley region, including Dorset (Image: Deep South Media) THE FLOODGATES have opened for business insolvencies. Thats the warning from R3, the insolvency and restructuring trade body for Dorset, as it is revealed corporate insolvencies hit a four-year-high in May. Garry Lee, chair…
DetailsAuthorized Representative Section 21(6) and (6A) of the Insolvency and Bankruptcy Board of India Code, 2016 (Code for short) provides for the appointment of authorized representative by the Financial Creditors within a given class to represent them to participate in the meeting of Committee of Creditors and vote on behalf of the Financial Creditors. For…
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