Creditors seek to push Sortis Holdings into bankruptcy, force liquidation of its stable of NW brands
Four creditors, who claim they’re owed a combined $8.3 million, seek to force the company to liquidate its assets.
The Business Journals12d
Key paths to resolve business debt: Workout, reorganization and liquidation
Business owners still retain most of the control, but not as much as in a workout scenario. Liquidation is when a company sells its assets to pay back creditors and ultimately its owners.
Major U.S. retailer closing all stores, launching liquidation sale
American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states, including ...
Richmond BizSense12d
Long-running Disco Sports kicks off business model shift away from retail sales
The decades-old West End sporting goods store plans to kick off a liquidation sale on Thursday to begin getting rid of its retail inventory ahead of a fuller pivot into team sales.
Hospitality crunch: Auckland beachfront restaurant in liquidation – what went wrong?
Difficult trading conditions have claimed another hospitality business with renowned chef Scott Denning calling time on his ...