A “leading” Australian provider of telehealth services has been ordered into court liquidation with debts estimated in excess of $10 million. The company, Ereports Pty Ltd, described itself as “a global network of 400 plus leading medical experts across 65 plus specialties and locations in Australia, South Africa and the UK and a “leading provider”…
The trucking company found responsible for a crash on the Eastern Freeway that killed four police officers will never pay the $2.31 million fine it received over the incident because it has been placed into liquidation. The company, Connect Logistics, will also never repay the $90,000 in legal costs incurred by the National Heavy Vehicle…
Insolvencies and restructuring activity are expected to increase in early 2025 as businesses struggle with rising cost pressures, industry experts have warned. Surging business costs associated with the autumn Budget are predicted to hit sectors such as hospitality particularly hard. The warning comes as official data revealed a 13% monthly rise in company insolvencies in…
German air taxi pioneer Volocopter has hit a financial snag, filing for insolvency as it struggles to secure new funding. The company, known for its cutting-edge electric vertical takeoff and landing (eVTOL) aircraft, says operations will continue while it seeks investors to stay on track for a planned market debut in 2025. Volocopter has been…
사진 확대 Information on bankruptcy counseling in front of a law firm in Seocho-gu, Seoul [Photo = Yonhap News] “It’s a clamour because of the plunge in the won right now. Consumer sentiment is unimaginably shrinking as the domestic situation is unstable, and it is in a state of “mental breakdown.” I’m barely enduring every…
According to a free money advisory service, nearly 4,000 people searched for debt help over Christmas. 3,994 people visited Money Wellness’ website on Christmas Eve, Christmas Day, and Boxing Day for advice on dealing with unmanageable debt. Almost 2,000 (1,835) people in London searched for support, followed by 461 in the Midlands. 310 people in…
VMPL New Delhi [India], December 31: Living on debt is overwhelming, while the loan settlement is a way out. In India, many people struggle a lot to manage debt. It is very important to know about loan settlement and its benefits. Show Full Article Loan settlement can lessen debt, boost credit scores, and bring financial…
Volocopter: Urban air taxi pioneer faces insolvency proceedings TaxiPoint Taxi News Read the original article here
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of…