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A service for global professionals · Saturday, February 1, 2025 · 782,303,320 Articles · 3+ Million Readers
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Preferential Creditors News Monitoring

  • Published on Jan 31, 2025

    Closed Nottinghamshire restaurants owe more than £200,000 after being put into liquidation

    A pair of closed Nottinghamshire restaurants, which are being liquidated, owe hundreds of thousands of pounds to various creditors. Madam Yaks Ltd, which's trading address was listed as The Herbalist & Dante's Italian in Retford, appointed …

    Source: Nottingham Evening Post - Neutral
  • Published on Jan 31, 2025

    Homebase: Unsecured creditors owed more than £650m

    Homebase owes more than £650m to unsecured creditors including AO World and Halfords after it collapsed into administration late last year. Unsecured non-preferential creditor claims now sit at £657m, including £100m owed to trade creditors, according to a …

    Source: Retail Gazette - Label Pending
  • Published on Jan 31, 2025

    Homebase owes £650m unsecured debt as administration details emerge

    Teneo, the appointed administrator, disclosed that unsecured non-preferential creditor claims totalled £657 million—a sum that includes around £100 million owed to trade creditors. Unsecured creditors rank behind secured creditors in any repayment process, …

    Source: Business Matters - Neutral
  • Published on Jan 30, 2025

    Homebase owes unsecured creditors more than £650m

    Homebase collapsed into administration owing more than £650 million to unsecured creditors including the retailers AO World, Halfords and the Hut, it has been disclosed. A document filed with Companies House reveals the extent of the DIY and garden …

    Source: The Times - Center-right
  • Published on Jan 29, 2025

    Big bailouts, bigger problems

    Sean is a former general counsel of the IMF. He is currently a professor at Georgetown Law and SciencesPo, and an adviser at Rothschild & Co. Sovereign debt crises tend to follow a pattern as recognisable as the stripes of a zebra. Every one is subtly …

    Source: The Financial Times - Neutral
  • Published on Jan 30, 2025

    IMF’s Exceptional Access Policy Faces Growing Criticism: A Call for Reform

    The International Monetary Fund (IMF) has long played a pivotal role in managing sovereign debt crises, providing loans to countries teetering on the brink of default, contingent upon their agreement to an economic adjustment program designed to restore …

    Source: Sri Lanka Guardian - Neutral
  • Published on Jan 27, 2025

    Another $3m now owing from collapse

    The multimillion-dollar debts keep mounting for companies associated with a failed Southland Wagyu beef operation, which promoted its cattle as receiving massages and having music played "to keep them soothed and calm". According to its website, …

    Source: Otago Daily Times - Neutral
  • Published on Jan 24, 2025

    Historic Tyneside music store that lost battle with online giants went bust owing almost £1m

    Newcastle's beloved music business JG Windows Ltd collapsed under nearly £1m in debt, according to new documents. The company was forced into liquidation last November after conceding it could no longer compete with major online retailers. The closure …

    Source: Business Live - Neutral
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