Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary – TipRanks
Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary TipRanks Read the original article here
Volocopter files for insolvency amid financial woes
Volocopter, a German flying taxi startup, faces insolvency just days after investors stepped in to rescue its competitor, Lilium. The company has developed electric vertical takeoff and landing (eVTOL) aircraft to provide an eco-friendly alternative to traditional urban commuting. However, Volocopter is now struggling with severe financial difficulties. The announcement highlights the challenges that companies…
Eurozone agrees short-term debt relief for Greece amid IMF row – EURACTIV
Eurozone agrees short-term debt relief for Greece amid IMF row EURACTIV Read the original article here
Eurozone puts Greek debt relief on hold in Christmas bonus row – EURACTIV
Eurozone puts Greek debt relief on hold in Christmas bonus row EURACTIV Read the original article here
Student loan forgiveness still available after relief plans withdrawn
While the Biden administration withdrew its plans to forgive student loan debt for millions of people, borrowers should look into the many other existing debt cancellation opportunities, experts say. The U.S. Department of Education posted notices in the Federal Register in December that it was pulling its wide-scale loan forgiveness plans. The Department cited “operational challenges,” and…
Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 – IoT World Today
Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 IoT World Today Read the original article here
Canoo’s Financial Struggles Deepen as Stock Performance Slumps and Asset Liquidation Begins
Canoo Inc. (NASDAQ: GOEV), the electric vehicle (EV) startup that has faced mounting challenges since its inception, is now confronting one of its most significant crises yet. Following employee furloughs, a halt in production, and the auctioning off of critical manufacturing equipment, the company is struggling to stay afloat. These financial difficulties have severely impacted…
NCLAT rules EPFO can begin assessment proceedings during liquidation
The National Company Law Appellate Tribunal (NCLAT) has ruled that there is no prohibition on assessment proceedings by statutory authorities, including the Employees’ Provident Fund Organisation (EPFO), after the liquidation process begins under the Insolvency and Bankruptcy Code (IBC). However, the tribunal clarified that during the moratorium period, once insolvency proceedings are initiated, EPFO cannot…
Debt consolidation loan vs. debt consolidation program: Which will be better in 2025?
Deciding between a debt consolidation loan and program can be difficult, but there are ways to determine which one makes the most sense for you. Getty Images While inflation has cooled significantly compared to recent highs, many Americans are still burdened by high consumer goods costs caused by years of high inflation, especially at gas…
EPFO can initiate assessment proceedings during liquidation: NCLAT on companies under IBC
The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC. However, it also clarified that once a debt-ridden company is protected under moratorium after the initiation of insolvency proceedings against it, the Employees’…