BBC One in 10 county councils in England is facing effective bankruptcy – putting vital services at risk, local government leaders have warned. More local authorities fear they could be next, according to a survey by the County Councils Network. They are calling for emergency funding from the government to stave off financial collapse. The…
By ASHLEY TERRY Staff Writer The Granbury Independent School District board of trustees took key financial steps in its latest meeting Aug. 19, by adopting a new budget, setting a tax rate and initiating a debt relief plan. GISD BUDGET During the meeting, GISD’s Chief Financial Officer Emmett Whitefield outlined three different budgets for the…
Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position. The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been…
Victims of economic abuse should find it easier to get help dealing with their creditors, as 25 banks and building societies have committed to accepting a new form which could ease applicants’ trauma and provide the support they need. The Economic Abuse Evidence Form (EAEF) enables money and debt advisers, trained by the specialist charities…
Five-Time Olympic Champion Left Homeless After Declared Bankrupt, Forced to Sell Gold Medals myKhel Read the original article here
Aussie influencer’s fashion brand collapses into administration MSN Read the original article here
Australian battery storage developer enters voluntary administration Energy News Bulletin Read the original article here
Queensland battery developer Redflow has entered voluntary administration after failing to attract the equity support required to pursue its growth plans. Headquartered in Brisbane, Redflow designs zinc-bromine flow batteries and manufactures them in Thailand for commercial, industrial, and utility applications. The company said it had received significant commercial interest in its X10 battery and it was…
Historic German sausage producer Fleischerei Holzapfel declares bankruptcy MSN Read the original article here
England and Wales insolvencies rise by 21% in November Reuters.com Read the original article here