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Tuesday, 30 June 2009 18:47 |
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 The reason why fewer companies have filed for bankruptcy in May of this year than last year is that the financial reorganisation of many of them has been delayed and the banks haven't been pressuring them to file bankruptcy. So says Vilhjálmur Egilsson, CEO of the SA [Confederation of Icelandic Employers].
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Friday, 26 June 2009 22:50 |
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 Loftorka in Borgarnes has filed a petition for bankrupcy. The company currently employes 70 people and has been the biggest workplace in the commune.
The newsweb Skessuhorn reports today that Loftorka Borgarnes ehf. filed a petition for bankrupcy today with the District Court of the west. A liquidator will be put in charge of the company. |
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Friday, 15 May 2009 15:29 |
 The administrators of the real estate company Saxbygg have put in a request for bankruptcy. The liquidating manager will be set for the bankrupt estate. Saxbygg owns 52% of Smaralind against Islandsbanki and has been very large in the real estate market.
Saxbygg has been owned in half by Saxhol, which is related to the Noatun family, and BYGG the construction company of Gunnar & Gylfi.
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Friday, 01 May 2009 04:03 |
 The district court of Reykjavik approved today to take Fons, holding company of Palmi Haraldsson and Johannes Kristinsson into bankruptcy procedure. The company owns Securitas and Plastprent. Palmi says this is a shock. The company has been in a better position than many other companies.
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Thursday, 26 March 2009 09:02 |
 In February 2009 were 76 companies made bankrupt compared to 56 companies in February 2008, which equals to a 36% increase between the years. At the website of the national registry are most of the bankruptcies in construction and housing creation or 19 and 15 in hole and small sales, repairs or automotive vehicles.
For the two first months of 2009 are the number of bankrupt companies 149 but the two first months of 2008 were 97 bankruptcies which equals to 54% increase between the years.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Friday, 20 March 2009 13:54 |
 The investment company Sudurnesjamenn ehf is bankrupt and claims on the bankrupt estate have been requested. Sudurnesjamenn intended to buy a share in the Heating utility Sudurnesja but ended in investing in the Savings fund bank of Keflavik, Icebank and the Blue Lagoon. This was amongst other financed by Icebank.
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Wednesday, 18 March 2009 09:47 |
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 Nysir Fasteignir ehf, subsidiary of Nysir hf. has been taken into bankruptcy at the district court of Reykjanes. Also the subsidiary of Nysir Fasteignir, Engidalur ehf, has been taken into bankruptcy. The liquidating eeting in the bankrupt estates has been set on May 22nd, but two liquidating managers are over the bankrupt estate, Thorsteinn Einarsson and Astradur Haraldsson.
Nysir Fasteignir runs properties of various educational institutions and companies. For instance the sport center of Bjork in Hafnarfjordur, kindergarten Alfasteinn and Laekjarskoli in Hafnarfjordur.
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Wednesday, 04 March 2009 13:35 |
 The lawyers of Glitnir and Islandsbanki objected in the district court of Reykjavik yesterday that Baugur would be granted a continued authorization of moratorium. If the judge will go by the will of Glitnir, will Baugur be put into the bankruptcy process. The results are supposed to be ready next Monday. |
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Tuesday, 24 February 2009 09:57 |
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 n January 2009 were 70 companies made bankrupt compared to 41 companies in January 2008, which adds up to 71% increase between the years.
This equals to that roughly 3 companies were made bankrupt every single working day in January, but 21 workdays were in January. At the website of the national registry says that most of the bankruptcies were in the construction industry and 13 in whole sales and stores, auto repairs. Website of the national registry
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Thursday, 19 February 2009 11:57 |
 Close to 150 companies became bankrupt in five weeks in the beginning of this year, or 30 companies per week on average. |
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Thursday, 19 February 2009 06:45 |
 “It is clear that the company is having serious financial problems and actions are being worked and prepared to get on a new order in the companies finances,” says Ragnar H. Hall, lawyer and assistant in the moratorium of Baugur Group, in a letter that he sent the claim owners of the company the day before yesterday. Ragnar will have a meeting with the claim owners soon where the situation of the company will be reviewed. |
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Thursday, 12 February 2009 23:40 |
 The insecure mortgage claims of the Icelandic lenders on Baugur Group are in total 51 billion Icelandic krona, according to Project Sunrise, a special report about the reconstruction of Baugur. The amount discussed is loans of others than the three collapsed banks. |
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Wednesday, 11 February 2009 13:21 |
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“The judge approved our request of a moratorium till March 4th or for about three weeks,” says Stefan Hilmarsson, financial manager of Baugur Group. The district court judge of Reykjavik announced the representatives of the company about the decision in the afternoon on Wednesday. Baugur Group is so in moratorium. |
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Tuesday, 10 February 2009 10:49 |
 The board of Baugur Group has decided to revoke the request which was at the district court of Reykjavik about moratorium for 14 subsidiaries. The request of moratorium was taken in for court today. There has not been said when the verdict will be ruled. |
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Friday, 06 February 2009 13:46 |
 Arngrimur Isberg, judge of the district court of Reykjavi, postponed till Thursday to take a stand on the request of the board of Baugur Group for a moratorium of the company and a few subsidiaries. |
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Wednesday, 04 February 2009 10:29 |
 The liquidating committee of Landsbanki Islands hf. set forward the request of a moratorium of BG Holding hf. for the English courts. BG Holding ehf. is a subsidiary of Baugur Group hf. and it´s main operations are related to investments of Baugur Group hf. in England. Amongst the investments of BG Holding ehf. are the food store chains Iceland Foods, the shopping malls of House of Fraiser and the toystores of Hamleys. |
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Wednesday, 04 February 2009 10:13 |
 “This was the only way for us to protect the interests of our company and other lenders. Landsbanki did not give us any other option,” says Jon Asgeir Johannesson, operating board chairman of Baugur, about the reasons for the company requesting a moratorium. |
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Wednesday, 04 February 2009 09:35 |
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Baugur Group hf. and a few subsidiaries have requested at the district court of Reykjavik this morning that the companies would be authorized a moratorium. “This is done to protect the assets of the company and all of the lenders. The board of Baugur decided unanimously to go this route when the decision was clear of Landsbanki yesterday to stop discussions about the possible reorganizing of Baugur.” Amongst the subsidiary of Baugur that have also requested moratorium are BG Holding ehf.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Friday, 07 November 2008 17:18 |
 The board of Samson Holdings have taken a desicion to ask from the district court that the estates of Samson to be taken to a petition of bankruptcy. The company is owned by Björgolf Guðmundsson and Björgolfur Thor Björgolfsson.
The 4th of November the district court declined the request of Samson Holdings to prolong the moratorium.
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