Although statistics show fewer bankruptcies, this is only a temporary phenomenon due to changes in the regulation of insolvency of…
After Lithuania legalized bankruptcy procedures for individuals three years ago, only 17 people have made use of the relief from…
Bankruptcy administrator of bank Snoras has taken an unexpected step in order to sell property of the bankrupt bank as…
Bankruptcy proceedings of Lithuania’s financially-troubled shipping operator Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL) will not be initiated yet,…
The company Lithuanian Shipping Company (LSC), whose vessels remain arrested in foreign ports and which suffers from an extremely complicated…
Bankruptcy administrator of bank Snoras has started a new stage of property sales. The plan is to sell more than…
A court has ordered a freeze on all of the assets of Air Lituanica, a defunct airline that is indirectly…
Creditors of Air Lituanica, a defunct airline established by the city of Vilnius, will decide on the company’s bankruptcy at…
Air Lituanica, an airline established by the city of Vilnius, plans to file for bankruptcy, it announced a week after…
In February 2015, compared to February 2014, the number of bankruptcies in Lithuania grew by 30 percent. Retails businesses gained…
Compared to December 2014, the number of bankruptcies in January increased by a third, while the number of distraints decreased…
Specialists from law firm Tark Grunte Sutkiene (TGS) and audit company Deloitte will work in Bank Snoras bankruptcy administrator Gintaras…
The association of depositors and creditors of Lithuania’s bankrupt Snoras bank plans to contest the prosecutors’ decision to dismiss investigation…
The Prosecutor General's Office announced on Thursday that the decision to terminate the pre-trial investigation into the actions of Bank…
The association of Snoras Bank depositors and creditors addressed in writing the bankruptcy administrator of the bank demanding information whether…
In accordance to the third payout plan approved by Vilnius Regional Court, Snoras Bank bankruptcy administrator has paid out LTL…