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Daily Archives: December 11, 2024

South Korean Crypto Lending Platform Delio Declared Bankrupt – Binance

BankruptcyBy EditorDecember 11, 2024

South Korean Crypto Lending Platform Delio Declared Bankrupt  Binance Read the original article here

‘Hammer is about to drop’: ATO debts driving insolvency spike

BankruptcyBy EditorDecember 11, 2024

Research from Alares suggests the spike in business insolvencies is being driven primarily by tax debt. Outstanding debts owed to the Tax Office are pushing a growing number of Australian businesses into voluntary administration in hopes of preventing a collapse. Tax debt is the primary driver behind the growing number of business recovery activities engaged…

500 jobs axed as all Katies stores to close by Mid-January

LiquidationBy EditorDecember 11, 2024

Nearly 500 employees will lose their jobs next month as Australian retailer Mosaic Brands shuts down all of its Katies stores, along with 80 other shops across multiple brands owned by the company. All 80 of the Katies stores will close in mid-January as well as another 80 stores across the Millers, Rivers and Noni…

Tesla’s Musk jokes Bill Gates could go bankrupt if short bet fails By Investing.com

BankruptcyBy EditorDecember 11, 2024

On Tuesday, Tesla (NASDAQ:)’s CEO Elon Musk made a bold statement about the potential consequences for anyone holding a short position against his company. Musk suggested that even someone with the wealth of Bill Gates could face bankruptcy if Tesla becomes the most valuable company in the world. The context of Musk’s claim is rooted…

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