Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio, June 27, 2023 /PRNewswire/ — Lordstown…
DetailsMember Article Highest Corporate Insolvency Figures In Over Four Years Shows ‘Economic Turmoil Taking A Real Toll’ The impact of the economic turmoil of the last few years has been laid bare by the highest monthly number of corporate insolvencies for England and Wales since the beginning of 2019 Thats the view of the North…
DetailsRichard Fulford-Smith-led broking firm Affinity has hired six former employees of Lorentzen & Co which declared bankruptcy after over 100 years in business. The former Lorentzen staff joined Affinitys bulker-oriented entity, Affinity Dry Bulk, and will establish the companys new New York base. According to a LinkedIn post by Affinity Dry Bulks director Hans Bredrup,…
DetailsFormer footballer Marcus Bent has won a court battle over the ownership of a house more than four years after being declared bankrupt. Bankruptcy trustees wanted to be allowed to take possession of a house they said the former England U21 international owned. 2 Bent helped fire Blackburn to the Premier League in 2001Credit: Getty…
DetailsArticle 0 Comments New You can now listen to Insurance Journal articles! The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in three decades the agency has tapped the municipal bond market to…
DetailsPopular bottle shop goes bust just a month after being put up for sale the second online booze retailer to collapse since Boozebud Online gin retailer Gintonica is now insolvent Best known for tasting packs, a gin advent calendar By Peter Vincent For Daily Mail Australia Published: 17:07 AEST, 27 June 2023 | Updated: 17:07…
DetailsSubscription craft gins startup Gintonica has been placed in voluntary administration, 5.5 years after its launch. The drinks business, best known for its Australian craft gin Advent calendars, was put up for sale by founder David Box in early May, but last week he handed the keys and books to David Ross of Sydney firm…
DetailsTuesday 27 June 2023 6:00 am Fears of insolvency are receding among UK firms despite recent data showing liquidations hit a four-year high in May. According to new research from Evelyn Partners, 32 per cent of UK businesses believe there is a risk they will become insolvent in the next 12 months, down significantly on…
DetailsA controversial former politician who had thousands of dollars worth of cash hidden in a cupboard after he was declared bankrupt has denied forging documents in court. Former Auburn deputy mayor Salim Mehajer wore a navy suit and patterned blue tie as he appeared in the NSW District Court on Tuesday facing a fraud trial.…
DetailsThe National Company Law Tribunal (NCLT) has dismissed IDBI Trusteeship Services’ petition seeking Corporate Insolvency Resolution Process (CIRP) proceedings against Essel Group entity Cyquator Media Services for default in payment.In its petition against Cyquator Media, IDBI Trusteeship had invoked the provisions of Section 7 Insolvency and Bankruptcy Code read with Rule 4 of Insolvency &…
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