Liquidation

The Central District Court ordered the liquidation of the 'Spices' kitchenware chain after it accumulated 55 million shekels in debt due to severe market pressures and the ongoing war.

Medical device startup Filterlex Medical has filed for liquidation at the Haifa District Court after clinical trials on a competitor's product questioned market viability, leaving 1.3 million shekels in debt.

Turkish authorities have approved interim payouts of up to 1 million liras for investors caught in the country's largest-ever investment fund crisis, providing partial liquidity amid ongoing liquidations.

A US federal bankruptcy court ordered Humble Baron Inc., operator of the world's longest bar in Tennessee, to liquidate under Chapter 7 following massive financial irregularities and chronic multi-million dollar losses.

The end of a drama lasting more than a decade: a court in Brazil has finally approved the bankruptcy of telecom giant Oi and rejected the banks' appeals. Despite the collapse, the company will continue to operate temporarily to prevent the shutdown of essential services; initial liquidation procedures have begun.

The court in Guangzhou accepted the request of the local commercial bank to initiate bankruptcy and liquidation proceedings against the real estate arm of the Evergrande Group. The dramatic decision comes just one day after the company's founder was sentenced to life imprisonment.

A liquidation request was filed against the Atid Association - Jadeidi-Makr, which was intended to eradicate violence, after serious deficiencies were discovered, including suspicion of collecting double payments from parents and transferring over 100,000 shekels in cash abroad.

The Russian airline Transaero, which ceased flights in 2015 and accumulated debts of over 1.1 billion euros, remains in insolvency proceedings. The liquidation process has been extended until September 13, 2026.

The Tel Aviv District Court rejected shareholder objections, approving a substantial fee for liquidators based on the 272-million-shekel value of an improved plot in Rishon LeZion. The court also retroactively validated a multi-million shekel financing agreement with an external consultant.

The American fast-food chain Salad and Go has filed for protection from creditors and will cease operations entirely. The chain explains that rising costs, a hit to demand, and a parasite outbreak in the salad industry led to the collapse.

Uniroyal Holding has filed for bankruptcy in the US to settle massive claims and close operations after 134 years. The company cited an unmanageable volume of legal proceedings.

The Registrar of Amutot has filed a petition to liquidate the "Chance Le-Tipat Osher" association, following an investigation by the Corporations Authority which found that it was allegedly established for personal financial gain, while misleading donors and failing to meet legal reporting requirements.