Bankruptcy
Luxury retailer Saks Global files for bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround
Hour Glass co-founder Jannie Chan’s S$18.9 million debt dispute sent to trial
An earlier High Court decision has been set aside as judges find insufficient evidence to establish breach of fiduciary duty
Japan’s bankruptcy cases hit 12-year high in 2025
The data highlights how inflation and a tight job market are emerging
Saks in talks for US$1 billion bankruptcy loan to keep doors open
SAKS Global Enterprises is looking to line up a loan of as much as US$1 billion to keep the business running as part of a Chapter 11 bankruptcy filing that could happen in coming weeks, according to p...
Creditors of Autobahn Rent A Car, Shariot group claim S$38 million more, contrary to group’s own estimates
DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group
Robot vacuum Roomba maker files for bankruptcy after 35 years
Under the restructuring, vacuum cleaner maker Shenzhen Picea will receive the entire equity stake in the reorganised company
Shariot’s woes reflect rough road for car-sharing in Singapore: observers
High and fluctuating costs, small scale and operational difficulties may have been factors
Twelve Cupcakes owes over S$1m to creditors; workers may get Oct salary in Q1 2026
Liquidators hope to pay October salaries for 80 staff in early 2026, subject to asset recoveries
UK insolvencies surge as higher business costs deepen strain
The increase reflects the impact of last year’s budget measures, including higher minimum wages and reduced reliefs
Finance billionaires warn of rising private credit market risks
Recent high-profile US bankruptcies may signal broader credit troubles in the financial system
