Student debt is a crippling challenge with borrowers owing a staggering $1.7 trillion nationwide. In Connecticut, residents hold an estimated $18 billion of that share, according to the Education Data Initiative. Borrowers burdened by the challenges of high student loan debt could find relief through a new $6 million state program launched Jan. 1. The…
CHRISTMAS can be a difficult time of year for many families with all the extra expenses. Between the rising price of energy and higher mortgage rates, coupled with the ever-growing cost of Christmas Day itself, it’s no surprise that many of us are feeling the pinch. 2 The festive season can be an expensive time…
E-bike brand Stella Fietsen declared bankrupt The Brussels Times Read the original article here
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
eVTOL manufacturer, Lilium has announced an asset purchase agreement with Mobile Uplift Corporation, a newly formed company backed by a consortium of European and North American investors. The agreement involves Mobile Uplift Corporation acquiring the operating assets of Lilium GmbH and its subsidiary, Lilium eAircraft GmbH. The transaction represents a significant step in Lilium’s financial…
NCLAT Fortnightly: Important orders on IBC (November 1 – November 15, 2024) Bar & Bench – Indian Legal News Read the original article here
Singaporean oil trader OK Lim, once a leading player in the city’s busy bunker trading sector, has been declared bankrupt after consenting to a multibillion-dollar court judgment in favor of his former company’s creditors. Lim and his children – Evan Lim Chee Meng and Lim Huey Ching – owe a combined $3.5 billion in connection…
Documents lodged on the UK Government’s Companies House website on Christmas Eve show that the process of liquidating the joint venture between Powys County Council and Kier construction is now underway and will take a year to finish. HOWPS conducted repairs and maintenance on Powys’ housing stock – 5,400 homes and 630 other properties including…
Many businesses are scrambling to keep debt collectors at bay, as the ATO begins chasing down money owed following the pandemic. The ATO and other creditors currently pose the greatest ‘threat’ to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West…
Flying taxi startup Volocopter said Monday it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse.“Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement, adding that the filing was…