Another transport company goes bankrupt: lays off all employees
The company “Tranzito paslaugų centras,” engaged in transport-related services, is laying off all employees.
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The Bank of Lithuania and the former head of “AlphaPay” request to file bankruptcy proceedings against the company
The Bank of Lithuania (LB), which revoked the license of the United Kingdom capital payment institution “AlphaPay” (formerly “NovaPay”) in July, is requesting the court to file a bankruptcy case against it.
Bankruptcy initiated for the construction company
Bankruptcy is being initiated for the Šilutė construction company “Šilutės polderiai,” which owes the state about 72 thousand euros.
Blow to the Kremlin: the last remaining Russian TV manufacturer is going bankrupt
Moscow court declared bankruptcy for the company “Kvant” – the only television manufacturer in the country included in the Ministry of Industry and Trade of Russia’s radio electronics…
Bankrupt stone processing company in Širvintos district lays off all employees
The bankrupt Juodeliai stone processing company in Širvintos district, engaged in stone cutting, dressing, and finishing, is laying off all employees – 21 people.
Nine door salons suddenly closed in Lithuania: hundreds of people left without goods and without advances
Since January of this year, residents who ordered from three related companies are furious: thousands in advance payments were taken, there are no goods, and all three companies have declared insolvency…
One of the largest bicycle manufacturers in Europe went bankrupt
The Dutch company “Accell” – one of the largest bicycle manufacturers in Europe – has announced its bankruptcy. The company produces bicycles under the “Batavus”, “Babboe”, and “Raleigh” brands.
On Friday, the auction for the sale of assets of the bankrupt Estonian company “E-Piim Tootmine” will begin
On Friday, the auction for the sale of assets of the bankrupt largest Estonian cheese and butter production company “E-Piim Tootmine” will begin.
Is it possible to write off debt to a former spouse through personal bankruptcy?
This is exactly the kind of dispute that was examined in Lithuanian courts. In the case where the creditor’s interests were represented by AVOCAD associate partner, lawyer Egidijus Kieras, it was decided whether an individual’s bankruptcy can be a basis to get rid of a debt that arose not from business or a loan, but…
Reviewed the situation of the riskiest business sectors in Lithuania: challenges are not lacking
Persistent macroeconomic challenges – fuel price fluctuations, still significant interest burden, and the impact of inflation – affect not only ordinary Lithuanian residents but also the country’s…