Halfpoint Images | Moment | Getty Images With the federal government’s ability to forgive student debt up in the air, experts say it would behoove borrowers to explore the many state-level relief programs available. “Most states have one, especially if you’re in health care,” said Betsy Mayotte, president of The Institute of Student Loan Advisors, a…
The Post Office knew a post office operator would probably be bankrupted by a legal case he brought but wanted to send a warning message to others, a solicitor who worked for the company has admitted. Lee Castleton was made bankrupt by the Post Office after a two-year legal battle. His case is one of…
Many Australians have been left stranded at airports across the country after budget airline Bonza “temporarily” suspended all flights on Tuesday. The company entered voluntary administration within hours of the cancellations, and the administrators have since confirmed the fleet will remain grounded until Thursday, May 2. Here’s what we know so far. First up, what is…
“Bolstering the business for the future, we’ll be sharing exciting updates soon” Recently, the Dutch branch of Infarm, which had already scaled down its activities in the Netherlands, was declared bankrupt. The vertical farming company had already been granted a deferment of payment. That suspension status has now been converted into bankruptcy. The company was…
Cipherise enters liquidation forcing change of plans by ANU Woroni Read the original article here
A record number of businesses have been placed into administration in the past year, an inquiry has been told, with advocates saying inflationary pressures are affecting multiple industries. Officials from Australia’s corporate watchdog told a parliamentary inquiry into the cost-of-living crisis that 11,053 businesses entered external administration in the 2023/24 financial year. ASIC commissioner Kate…
The low-cost airline Bonza entered voluntary administration on Tuesday, after abruptly cancelling all of its flights after the repossession of its entire fleet that caught its CEO by surprise. Passengers were left stranded at a handful of airports when Bonza “temporarily suspended” all services on Tuesday with no notice, as the airline’s owners considered the…
Neill had been investigated by the UK’s insolvency service for the last seven years, leaving him stuck with bankrupt status and unable to even own a mobile phone on a contract. The Times reported at the height of Neill’s financial struggles, the lights would go out in his home because he was unable to top…
Getty Images China’s property sector contributes roughly a quarter of the world’s second biggest economy A court in Hong Kong has ordered the liquidation of debt-laden Chinese property giant Evergrande. Judge Linda Chan said “enough is enough”, after the troubled developer repeatedly failed to come up with a plan to restructure its debts. The firm…
Munich-based biomethane trader Landwärme is at the start of insolvency proceedings under its own management. The company announced that business operations in Berlin and Munich – including all 140 employees – will continue until further notice. Landwärme managing director Zoltan Elek will remain in charge during the upcoming reorganisation phase. Lawyer Katharina Wilke will support…