Two unsecured claims total $58,000, but there might be other claims against Pool Spec, so the Waterstone liquidators want those parties to lodge documents if they are owed money. They don’t know yet if there will be enough realisable assets to pay Pool Spec’s creditors. Wellsford’s Richard Spearpoint and Ellen Spearpoint own the business. Richie…
EV startup Fisker files for bankruptcy, aims to sell assets Reuters Read the original article here
Birmingham city council declared itself effectively bankrupt in September last year, but only now are the facts about what really happened beginning to emerge. A series of monumental problems and errors, including the botched implementation of a new IT system, a likely overstated equal pay liability, and a disastrous financial package imposed on the council…
MGM Resorts has refuted a report that Bruno Mars caught a grenade in the shape of a US$50 million (RM236 million) gambling debt with them. According to earlier reports, Mars, who was set to enter his ninth year performing at a residency in Las Vegas, was in the midst of paying off a gambling debt…
Whenever March Madness takes place, it’s a sure bet that people will be wagering on the college basketball games leading up to the championship known as the Final Four. From office pools to online betting platforms to taking a crack at picking the perfect bracket, the allure of predicting game outcomes and potentially winning big…
Company insolvency levels are higher than during the pandemic, according to the latest figures. The number of firms in England and Wales going out of business last month was up 16% year-on-year, as reported by Sky. There were 2,191 company insolvencies in July, according to the Insolvency Service, with the retail and hospitality sectors hit…
Watching the Philadelphia 76ers vs. Oklahoma City Thunder game on TNT last Tuesday, one thing stood out to me beyond superstar Joel Embiid’s return to the court after two months on the sidelines: you cannot get away from gambling. Before the game, the TNT pregame show crew gave the audience a five-leg parlay (a bet…
Last week there was good news for struggling students and recent graduates saddled with sizeable student debts. The prime minister, Anthony Albanese, in an outing on FM Radio, acknowledged there was “a range of areas where we need to do much better with the younger generation … and Hecs [the Higher Education Contribution Scheme] is…
Sunright Limited (SG:S71) has released an update. Sunright Limited has completed the liquidation of its wholly-owned subsidiary, KES Systems & Service (Shanghai) Co., Ltd., with the subsidiary’s business license revoked in March and the process finalized in August 2024. The company assures stakeholders that this move will not materially affect its net tangible assets or…
South Africa’s Transnet sets sights on government assistance to alleviate its US$7.3 billion debt. South Africa’s Transnet is seeking government assistance to alleviate its R130 billion (US$7.3 billion) debt, aiming to improve its freight rail and port capacities. According to Reuters, Transnet’s Chairman Andile Sangqu said the company is burdened with debt repayments exceeding 1…