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.
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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…
A new retail chain promising expansion is closing a store: the manager revealed future plans
Less than a year ago, the new Lithuanian retail chain “Litas,” which opened its first store and promised expansion, is closing one of its two discount stores. Retail…
The city refuses to accept the property of a huge apartment building
The administrator of the bankrupt company “Plienas”, which built the Gandrališkių quarter, asks Klaipėda municipality to take over part of the premises of the apartment building on Birutės Street, but…
Pressed by debts, Russians have no choice – they resort to making a future-destroying decision
Last year, nearly 568 thousand Russians declared bankruptcy in Russia – in 97 percent of such cases, they did so on their own initiative. People voluntarily decided to be in…
The company that operated the exclusive restaurant is going bankrupt
The company that managed the restaurant “Gurmanai,” opened a few years ago in the center of Klaipėda, is going bankrupt due to debt to the state.