Bankruptcy Newswire

State-owned airline Nordica files for bankruptcy following failed investment deal

State-owned airline Nordica and its subsidiary, Xfly, are filing for bankruptcy after a potential investor, Lars Thuesen, withdrew from privatisation negotiations due to high risks. The decision to cease operations was confirmed by the Nordic Aviation …

BC.Game Goes Bankrupt Not Long After $40M Deal with Leicester City

BC.Game, an online gambling operator famous for sponsoring Leicester City FC, has been declared bankrupt. This announcement comes only four months after the agreement with the soccer club was signed. The Court of Curaçao Declared BC.Game Bankrupt According …

Global furniture store franchisee files for bankruptcy

Nordica announces closure and bankruptcy amid financial challenges

Bankruptcy petitions will be filed for Nordic Aviation Group and its subsidiary Xfly as soon as possible, Remco Althuis, the CEO of Nordic Aviation Group, said in a press release on Wednesday. The Republic of Estonia, the sole owner of Nordic Aviation …

Auction for Bankrupt Sinochem Refineries Fails to Attract Interest

Chinese state-controlled refining and chemicals giant Sinochem may opt to keep three of its small, old, and now-bankrupt refineries, after failing to sell them at auctions, Reuters reported on Wednesday, citing sources with knowledge of the matter. The …

Government faces paying millions over ‘naked attempt’ to bankrupt PCS after union's Supreme Court victory

THE Con-Dem coalition government’s “naked attempt” to bankrupt the Public and Commercial Services (PCS) union was today  rejected unanimously in a Supreme Court ruling. The stunning victory paves the way for the union to sue the Home Office, Department for …

Spirit Airlines Declares Bankruptcy, Will Continue Flying

Discount carrier Spirit Airlines has filed for Chapter 11 bankruptcy after a failed merger attempt with Frontier Airlines. The company announced on Nov. 18 that it would seek debt reorganization under the U.S. bankruptcy code but intends to continue with …

Retail Insolvencies Flat, But Budget Could Lead To ‘Wave Of Distress’

Retail insolvencies remained flat last month, but experts are warning that the situation could worsen in the months ahead as the Chancellor’s Budget changes take effect. Official company insolvency statistics show retail trade insolvencies fell slightly …

Supreme Court upholds ‘immovables rule’ in bankruptcy appeal

A trustee in bankruptcy appointed by a Russian court has no standing to sell property located in England,... A trustee in bankruptcy appointed by a Russian court has no standing to sell property located in England, court rules. In a judgment handed down …

Stability in UK retail sector insolvencies masks potential crisis

Image Courtesy: fashionunited.in Industry analysts warn that rising labour costs and widespread thievery could force more fashion companies to undergo restructuring in early 2025, despite the apparent stability in UK retail insolvencies. According to …

Flexible-Screen Maker Royole Goes Bankrupt

A rundown of the news making headlines in and around China: Tech bankruptcy: A flexible-screen maker that spent much of the past few years fending off creditors and hunting for a financial lifeline has been declared bankrupt. A Shenzhen court’s ruling, …

Business Insolvencies Hit 3-Year High, Hospitality And Construction Sectors Struggle Most: Report

A new report has revealed that business insolvencies have surged to their highest level since October 2020, with the hospitality and construction sectors being the hardest hit, largely driven by escalating cost-of-living pressures on households. The rate …

Insolvency and Bankruptcy Board of India proposes several changes in latest paper

Insolvency domino effect ‘looms over construction industry’

Estonia-owned Nordica and Xfly to file for bankruptcy after no investor found

The Republic of Estonia-owned Nordic Aviation Group AS (Nordica) and Regional Jet OÜ (Xfly) will cease operations after it was announced the companies will be filed for bankruptcy.  It had been hoped that Lars Thuesen, the owner of Jettime, could …

Watsontown and Milton Nursing Homes Parent in Bankruptcy

WATSONTOWN – The Standard Journal is reporting… The company that manages both the Watsontown and Milton Nursing and Rehabilitation centers has filed for bankruptcy, according to court documents obtained by The Standard-Journal. Court documents state Care …

Insolvency board moves to limit liquidators’ discretion

The Insolvency and Bankruptcy Board of India (IBBI) has sought to limit the discretion of officials authorized to liquidate insolvent companies and has said they must consult creditors compulsorily when rejecting the highest bids. In a proposal released …

‘Bankrupt tax’: UK farm inheritance tax slammed

Sky News host James Macpherson has called out a UK farm inheritance tax being introduced. “This hasn’t been thought through,” Mr Macpherson said. “If they force farmers off the land, these are farmers whose families have been farming for generations, they …

As Spirit Airlines Files For Bankruptcy Experts Weigh Potential Impact On Flight Prices: 'This Is Not A Black And White ...

Industry experts are divided about the potential impact on airfare prices after Spirit Airlines SAVE filed for bankruptcy. What Happened: Analysts are weighing on Spirit’s market share to determine how the airfares will go up in the face of bankruptcy, ABC …

Louisiana Mesothelioma Victims Center Highly Recommends the Gori Law Firm for a Public Utility Worker with Mesothelioma ...

NEW ORLEANS, LA, UNITED STATES, November 21, 2024 /⁨EINPresswire.com⁩/ -- The Louisiana Mesothelioma Victims Center highly recommends the remarkable legal team at the Gori Law Firm for a public utility worker who has just been diagnosed with …

S2|DATA Successfully Transitions ISO 27001:2022 Certification to PRI Framework

S2|DATA Vault Maintains Highest Security Standards Under New Certification Body ATLANTA, GA, UNITED STATES, November 21, 2024 /⁨EINPresswire.com⁩/ -- S2|DATA, the global leader in legacy data access and management, today announced the successful …

Justice Reform Foundation Receives Grant from Texas Bar Foundation

FORT WORTH, TX, UNITED STATES, November 21, 2024 /⁨EINPresswire.com⁩/ -- The Justice Reform Foundation has been awarded a $10,000 grant from the Texas Bar Foundation, dedicated to empowering students at Texas A&M University School of Law to …

Lawyers 4 Cyclists Partners with SafeBikeways to Advocate for Safer Roads and Cyclist Protections

Bike law group, Lawyers 4 Cyclists, and safe bike advocacy group, Safebikeways, combine forces to make our bikeways safer for all cyclists. SAN DIEGO, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Lawyers 4 Cyclists, a premier bike …

Why FL Residents Rely on Property Records of Florida for Accurate Property History Reports

Why FL Residents Rely on Property Records of Florida for Accurate Property History Reports MIAMI, FL, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Property Records of Florida, a trusted provider of detailed property history reports, is …

DOLL AMIR & ELEY’S LABOR & EMPLOYMENT PRACTICE RECOGNIZED BY THE LOS ANGELES TIMES

LOS ANGELES, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Doll Amir & Eley LLP (DAE) announced today that it has received the Los Angeles Times’ “Top Law Firm” designation. Furthermore, the publication emphasizes the firm’s …

Urgent Recall: Stokke YOYO 3 Pram Recalled Due to Dangerous Brake Fault

Parents Advised to Stop Using the Stokke YOYO 3 Pram Immediately as Safety Concerns Emerge MD, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Parents are being urged to take immediate action following a critical safety recall involving …

Practical Strategies for Lowering Home Insurance Premiums in Louisiana

SLIDELL, LA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Homeowners in Louisiana face distinct challenges when insuring their properties, largely due to the state's heightened exposure to hurricanes, flooding, and other natural …

Henrik Fisker Sued for Fraud in Connection with Statements Made on Social Media Concerning EV Start-up, Fisker, Inc.

Baldwin Mader Law Group, which previously obtained a $6.1M Judgment against Mr. Fisker, represents the Fisker, Inc. shareholders in the newly filed lawsuit MANHATTAN BEACH, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Henrik Fisker …

Marchese & Maynard LLP Donates to Naval Academy Parents Club for 42nd Annual All Academy Ball

Marchese & Maynard LLP, trust and estate attorneys located in New York, supports a night of honor and celebration for service academy families and alumni. LONG ISLAND, NY, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Marchese & …

LATLC’s 9th Annual 'Comfort & Joy' Event Brings Holiday Cheer to LA Families in Need – A True 'Miracle on 34th Street'

LATLC’s 9th Annual “Comfort & Joy” Event Brings Holiday Cheer and Vital Support to Over 500 Los Angeles Families in Need LOS ANGELES, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- This December, the Los Angeles Trial Lawyers …

Criminal Defense Attorney Marie Pacyga Clarifies Minnesota’s DWI Laws for Sitting in a Vehicle Under the Influence

Explanation of a Minnesota’s DWI law that says that individuals may be charged with a DWI while simply sitting in a stationary vehicle under the influence. EAGAN, MN, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Marie Pacyga, criminal …

ROA applauds House passage of Elizabeth Dole Act

Six improvements to USERRA spearheaded by ROA included in significant legislative package passed with bi-partisan support by the U.S. House of Representatives. WASHINGTON, DC, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- The U.S. House …

Experto AI Tools Enable Paradigm Shift Toward Flat-Rate Legal Services, Expanding Access to North America's Legal Market

Experto AI empowers lawyers with innovative tools for flat-rate services, boosting access to affordable legal help across North America SAN JOSE, DE, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Experto AI Inc., a U.S. and Canadian- …

Moseley Collins Law Expands to a New Location in Los Angeles, Focusing on Catastrophic Personal Injury Cases

LOS ANGELES, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Moseley Collins Law, a renowned law firm specializing in catastrophic personal injury cases, has announced the opening of a new office at 656 S Los Angeles St #410, Los …

TWO SKLAR KIRSH PARTNERS NAMED 'LEGAL VISIONARIES' BY THE LOS ANGELES TIMES

LOS ANGELES, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- California-based law firm Sklar Kirsh LLP announced today that Partners Justin Goldstein and Robbin Itkin have been recognized by Los Angeles Times as “Legal Visionaries” as …

NCAA Female Volleyball Athletes & Coach to Testify Against Mountain West Conference at Emergency Hearing

Washington, DC, Nov. 21, 2024 (GLOBE NEWSWIRE) -- IMMEDIATE RELEASE MEDIA ALERT NCAA Female Volleyball Athletes & Coach to Testify Against Mountain West Conference at Emergency Hearing Today, the Independent Council on Women’s Sports (ICONS) announced …

Conroe, Texas Criminal Defense Firm Names Newest Winner of Supporting Prisoners’ Families Scholarship

CONROE, TX, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Pullan & Young, a criminal defense law firm in Conroe, Texas, awards a $1,000 scholarship to one college student every semester. The Fall 2024 Supporting Prisoners’ Families …

TWO FRANDZEL PARTNERS NAMED 'LEGAL VISIONARIES' BY THE LOS ANGELES TIMES

LOS ANGELES, CA, UNITED STATES, November 20, 2024 /⁨EINPresswire.com⁩/ -- Frandzel Robins Bloom & Csato, L.C. announced today that Managing Shareholder Hemal Master and Shareholder Brett McClure have been recognized by Los Angeles Times as “ …

PACS GROUP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline ...

NEW ORLEANS, Nov. 20, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 13, 2025 to file lead plaintiff applications in a securities class action lawsuit against PACS Group, Inc. ( …