Nottingham city council has issued a section 114 notice, in effect declaring itself bankrupt, as experts warn an increasing number of councils are “reaching breaking point”. In an announcement on Wednesday, the local authority said it had a significant gap in its budget and the council’s chief financial officer had decided it was not able…
Billson’s Brewery has announced that the business has been placed into voluntary administration in a statement shared on social media today. Billson’s Brewery was established in 1865 in Beechworth, Victoria, and is currently run by Nathan Cowan and his wife Felicity Cottrill. The beverage brand is widely known as an RTD manufacturer, but also produces…
Following a report that singer Bruno Mars owed the MGM Grand Casino in Las Vegas a whopping $50 million in gambling debt, the casino released a statement through TMZ.com refuting the rumor. “We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers,” said the MGM Grand. “MGM and…
Redbox’s parent has reportedly filed for bankruptcy protection after defaulting on loans and missing payroll. Chicken Soup for the Soul Entertainment, which acquired the DVD rental kiosk company in 2022, told employees of its bankruptcy plans late Friday, The Verge reported Saturday (June 29), citing an internal email. The company says it has filed for…
Tritium, an Australian high-speed EV-charging equipment manufacturer with a large-scale factory in Tennessee, notified regulators on Thursday that it was insolvent, casting uncertainty over whether it can continue to fulfill remaining orders for chargers or service those that its customers have already installed. In a Thursday filing with the U.S. Securities and Exchange Commission, Tritium DCFC Ltd.,…
‘I just need an actual job’: No relief for students in debt nightmare The Australian Financial Review Read the original article here
Aussie online retailer Booktopia insists it was at all times trading in line with insolvency laws, as administrators continue to pore over its books. Administrators said the company could be as much as $60m in debt on Monday, the first day creditors have met since the bookseller collapsed less than two weeks ago. The ABC…
A bitter dispute that emerged after a widely publicised PR stunt involving Roxy Jacenko has taken another turn as the company involved was plunged into liquidation. On Wednesday, the Supreme Court of NSW ordered that provisional liquidators take over Roxy’s Bootcamp Pty Ltd. Then late on Thursday, an ASIC notice revealed that Andrew Blundell and…
A Las Vegas casino has denied Bruno Mars racked up a $50 million (£39 million) gambling debt. A representative for MGM Resorts International issued a formal statement on Monday to describe a supportive relationship with the Uptown Funk singer, and refute reports Bruno, 38, had incurred multimillion dollar debts at the company’s casinos. “We’re proud…
Signa, Austria’s real-estate giant, announced on Wednesday that it plans to file for insolvency, following its German subsidiary, which also took the step recently. The holding company will apply for the opening of reorganization proceedings with self-administration at the Vienna Commercial Court on Thursday, it said. “Despite considerable efforts in recent weeks, the necessary liquidity for an…