Liquidation
Found 8 recent publications
Telecom giant goes bankrupt: rehabilitation failed, liquidation process has begun
The end of a drama lasting more than a decade: a court in Brazil has finally approved the bankruptcy of telecom giant Oi and rejected the banks' appeals. Despite the collapse, the company will continue to operate temporarily to prevent the shutdown of essential services; initial liquidation procedures have begun.
Renowned real estate company files for bankruptcy: massive debts, final liquidation has begun
The court in Guangzhou accepted the request of the local commercial bank to initiate bankruptcy and liquidation proceedings against the real estate arm of the Evergrande Group. The dramatic decision comes just one day after the company's founder was sentenced to life imprisonment.
Well-known non-profit at risk of closure: suspicion of fraud and prohibited distribution of funds
A liquidation request was filed against the Atid Association - Jadeidi-Makr, which was intended to eradicate violence, after serious deficiencies were discovered, including suspicion of collecting double payments from parents and transferring over 100,000 shekels in cash abroad.
Aviation giant bankruptcy: massive debts and extended liquidation
The Russian airline Transaero, which ceased flights in 2015 and accumulated debts of over 1.1 billion euros, remains in insolvency proceedings. The liquidation process has been extended until September 13, 2026.
Court Drama: Liquidators of Real Estate Project Awarded 16 Million Shekels
The Tel Aviv District Court rejected shareholder objections, approving a substantial fee for liquidators based on the 272-million-shekel value of an improved plot in Rishon LeZion. The court also retroactively validated a multi-million shekel financing agreement with an external consultant.
Renowned restaurant chain goes bankrupt: request for liquidation, rising costs were the deciding factor
The American fast-food chain Salad and Go has filed for protection from creditors and will cease operations entirely. The chain explains that rising costs, a hit to demand, and a parasite outbreak in the salad industry led to the collapse.
Giant company files for bankruptcy after 134 years: liquidation request due to massive debts
Uniroyal Holding has filed for bankruptcy in the US to settle massive claims and close operations after 134 years. The company cited an unmanageable volume of legal proceedings.
Serious findings in aid organization for the needy: "Established for personal financial gain"
The Registrar of Amutot has filed a petition to liquidate the "Chance Le-Tipat Osher" association, following an investigation by the Corporations Authority which found that it was allegedly established for personal financial gain, while misleading donors and failing to meet legal reporting requirements.