Bankruptcy
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Roy Tan owes the bank S$54.8 million and Sanjay Kumar Rai S$59.8 million
Japan business mood worsens, bankruptcies seen rising as Iran war lifts costs
A separate government survey also shows business sentiment worsens in March
Twelve Cupcakes staff to recover part of unpaid salaries from end-March: F&B union
The Food, Drinks and Allied Workers Union says it has been assisting affected members since October 2025
Compulsory winding-up applications rise to 15-year high in 2025
The number of business cessations is the third-highest since 1990
Roomba maker’s sale to Chinese manufacturer approved by US bankruptcy judge
Amazon.com tried to buy iRobot for US$1.4 billion in 2023 but the deal fell through
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
