Amusing insolvency filings of our time

[Ginger Yellow]

Entertaining FT longread on Windhorst and H2O

[Ginger Yellow]

CR-2024-000072	Insolvency & Companies
Filed: 05-01-2024 Companies - Petition - Winding Up Petition Nikita Business Solutions Limited Company: Nikita Business Solutions Limited [Litigant in Person] Petitioner: HMRC [Solicitor to HMRC]

I like to imagine this is a euphemism for assassination.

[Ginger Yellow]

CL-2023-000869	Commercial
Filed: 15-12-2023 Commercial Court - Part 7 Claim - Commercial fraud The Public Institution for Social Security v. Dukesmews Limited Claimant: The Public Institution for Social Security [Stewarts] Defendant: Dukesmews Limited [Litigant in Person]

Not sure how that acronym made it past the committee stage.

[ursus arctos]

There were plans to re-open the lobby coffee shop/diner and the lounge/restaurant at the top before the pandemic, but that is all in flux at the moment.

If they are forced to sell, I would expect buyers to seriously consider a residential conversion.

[Sits]

Wouldn't it be nice if the endgame included the Chrysler being open to the public.

[ursus arctos]

This continues to be an entertaining story

The administrator for the company at the centre of René Benko’s property empire has sacked the party planners, receptionists, hunters and private jet crew that together made up most of its staff, a court application in Vienna shows.

Signa Holding, which sat atop a property portfolio that included Selfridges in London, KaDeWe in Berlin and the Chrysler Building in New York, filed for insolvency last week, leaving creditors trying to unpick a web of companies, assets and debt.

On Tuesday, the independent administrator tasked with helping steer the company through insolvency said he was cutting off all “non-essential” business activities in an effort to preserve cash, affecting about three dozen employees, out of 43 in total.

[Ginger Yellow]

Hope this isn't for real

CR-2023-006644	Insolvency & Companies
Filed: 27-11-2023 Companies - Petition - Winding Up Petition Honest Burgers Ltd Company: Honest Burgers Ltd [Litigant in Person] Petitioner: HMRC [Solicitor to HMRC]

[Ginger Yellow]

CR-2023-LDS-000317

Rizzo Limited

Schofield Sweeney

Rizzo Limited

Companies - Application - Notice of Intention to appoint an administrator

03-04-2023

03-04-2023

Should never have left the Cubs.

[Ginger Yellow]

Tramps (GY) Limited

That's uncalled for.

[Ginger Yellow]

Chadchud Limited
Companies
Petition - Winding Up Petition

This firm seems to predate the popularisation of either term, but man that's an unfortunate name.

[Ginger Yellow]

BL-2023-000211

Chicken Soup Limited - in liquidation

[Ginger Yellow]

CR-2023-000285	Insolvency & Companies
Filed: 18-01-2023 Companies - Petition - Winding Up Petition Blockchain-Chargeback Limited Company: Blockchain-Chargeback Limited [Litigant in Person] Petitioner: The Secretary of State for Business, Energy and Industrial Strategy

Very interested to know how they became a creditor. I thought at first it might be a BBLS fraud, but the company wasn't set up until 2021.

[Ginger Yellow]

Speaking of Hertha BSC...

[Janik]

CR-2019-004544

EXPLOSION FREE TECHNOLOGY LIMITED

You'd think that would go without saying.

Presumably they went out with a whimper and not a bang.
[/long burning joke]

[Ginger Yellow]

Not necessarily amusing, but interesting: Lars Windhorst is in for debtor questioning tomorrow.

FT checks in on Windhorst and H2O.

[Janik]

The best teachers do so from experience...

[Ginger Yellow]

IVAs are individual voluntary arrangements, a form of insolvency (by agreement with creditors). So the insolvency advisor is insolvent.

[ursus arctos]

The IVA Advisor has helped thousands of people in the UK resolve their debt problems.

https://theivaadvisor.co.uk/

[Sporting]

CR-2022-002566 The IVA Advisor Ltd The IVA Advisor Ltd Companies - Application - Notice of Appointment to appoint an administrator

Why is this amusing?

[Ginger Yellow]

CR-2022-002566 The IVA Advisor Ltd The IVA Advisor Ltd Companies - Application - Notice of Appointment to appoint an administrator

[Ginger Yellow]

I've been waiting for this shoe to drop.

[Discordant Resonance]

CR-2021-000288

KOINE FINANCE LIMITED

Companies - Application - Notice of Intention to appoint an administrator

Quite impressive for a digital assets custodian to go bust in the current market.

Sadly, it was all Greek to them.

[Ginger Yellow]

Maybe. It's related to some Tennor litigation

[ursus arctos]

Presumably the questions do not relate to Hertha BSC

[Ginger Yellow]

Not necessarily amusing, but interesting: Lars Windhorst is in for debtor questioning tomorrow.