Category: Creditor
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Genesis concludes bankruptcy with $4b creditor payout
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Genesis Global and its subsidiaries have begun making $4 billion in payments to creditors after completing the restructuring process. According to a statement released on August 2, crypto lending company Genesis Global I started Paying off debts of more than 100,000 creditors after declaring bankruptcy in January 2023. Recovery rates…
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HMRC gains only £14.4m in extra tax from insolvencies since regaining preferential creditor status
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HMRC has collected an extra £14.4m in tax from insolvency cases over the two tax years to 2023 since regaining its “preferential creditor” status. The preferential status known as “coronavirus preference” was reinstated for HMRC in December 2020, giving it priority in recovering tax owed from insolvent businesses ahead of…
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Explainer: Electric snowmobile maker Taiga seeks creditor protection
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Breadcrumbs Path Links Goods energy Electric car News Running out of money after struggling to expand business Get the latest news from Gabriel Friedman straight to your inbox. subscription Published on July 12, 2024 • Last updated 33 minutes ago • Read for 5 minutes You can save this article…