Two of the men behind the £237 million London Capital & Finance investment fraud have been made bankrupt. Spencer Golding and John Russell-Murphy were among five individuals that a High Court judge late last year found liable for hundreds of millions of pounds in damages after LCF was ruled to be a Ponzi scheme. Notices…
A drone photo of the Ardmore mine site taken in January 2025. Photo: Centrex PHOSPHATE miner Centrex, and its subsidiary Agriflex, have entered voluntary administration, placing a cloud of uncertainty over the Ardmore operation in north-west Queensland. Alongside Incitec Pivot’s Phosphate Hill operation, Centrex’s Ardmore Phosphate Project, 120km from Mount Isa, is one of only…
Sphere Revolutionized Concerts, So Why Might It Go Bankrupt? MSN Read the original article here
A businessman whose podcast has featured a former England rugby captain, the Duchess of York and an ex Conservative minister has been made bankrupt for a second time. A High Court bankruptcy petition was filed against Matt Haycox, a self-styled investor, mentor and philanthropist, by the administrators of an insolvent peer-to-peer lender in January. Haycox,…
Centrex phosphate mine enters voluntary administration citing rail costs MSN Read the original article here
Volocopter GmbH, a pioneer in the field of urban air mobility, is facing an uncertain future. On December 26, 2024, the company filed an application with the Karlsruhe District Court to open insolvency proceedings, which have now been officially initiated. Despite these financial turbulences, Volocopter continues to focus on successful restructuring and the continuation of…
How AI can transform insolvency in digital age Business Daily Read the original article here
Phosphate was supposed to be the outback’s next big economic opportunity, but one mining company says the cost of rail freight has brought its project to the end of the line. Just three years after its first shipments were celebrated for reducing Australia’s reliance on imports, the Ardmore Mine, about 140 kilometres south of Mount…
Trump once again tries to force his extreme political views on the American people—weaponizing federal government and holding resources owed to hardworking Americans hostage Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and a senior member and former chair of the Senate Committee on Health, Education, Labor, and…
Hollywood actor Michael Sheen, best known for his performances in Amadeus, Twilight, A Very Royal Scandal, and more, has paid off 900 people’s debt worth $1million. According to the BBC, the actor took the initiative to help people in his hometown in South Wales. Michael Sheen writes off £1 million worth of debt of 900…