Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…
n recent weeks, we have been alerted to a string of gambling-related suicides and other forms of deep distress resulting from the illegal practice, including the case of a woman who set fire to her own husband for gambling away their fortune. Eko Damara, a first lieutenant with the Indonesian Navy, reportedly… Read the original…
The Star hospitality operations in Queensland and NSW – including its hotel, restaurant and bars tenants – face an uncertain future if casino operator enters voluntary administration or has its administration enforced over poor financial results. “All bets are off,” said one hospitality operator insider if its landlord, The Star Sydney, goes under. “It’s not…
Beauty brand The Body Shop’s New Zealand business has appointed voluntary administrators. It comes after its UK parent company was placed into administration in February last year, with its international assets largely sold – but the sale excluded the New Zealand business. Administrators Daniel Stoneman and Neale Jackson of Calibre Partners said a buyer had not been…
In the lead-up to a federal election, bipartisan support to rescue the key regional airline Rex may not surprise voters. But what happens next could set the stage for the federal government to own an airline for the first time in three decades, after it privatised Qantas through a public share sale in 1995. This…
Akron will no longer use COVID-19 relief dollars to help cancel residents’ medical debt. The debt relief program will still exist – but with a different funding source, according to a Friday news release. In 2023, city leaders approved using $500,000 of the city’s American Rescue Plan Act allocation to work with a nonprofit, Undue…
Akron will no longer use COVID-19 relief dollars to help cancel residents’ medical debt. The debt relief program will still exist – but with a different funding source, according to a Friday news release. In 2023, city leaders approved using $500,000 of the city’s American Rescue Plan Act allocation to work with a nonprofit, Undue…
Creditors filed claims totalling around €2.2 billion against KTM AG and its two subsidiaries during the companies’ insolvency proceedings in Austria on Friday. Insolvency administrator Peter Vogl presented his third report during the hearing and he must now provide a statement on all registered claims. At the moment, there are 3,534 claims filed against KTM…
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…
Christians Against Poverty (CAP) is running the “Budget Not Blues” campaign to help people take control of their finances. The charity offers free debt advice, money coaching and a range of support to people struggling with their finances. St Mary’s Church, part of Andover Parish, will be offering free money coaching and debt help throughout…