UK-based AI startup Builder.ai reportedly filed for bankruptcy in a Delaware court on 2 June after creditors seized the majority of the company’s funds. According to Bloomberg, filings revealed the start-up had overstated its 2024 sales projections by 300 per cent, leading to the cash seizure. Among the list of creditors published by the company…
When Jelani from New York called into The Ramsey Show about his financial problems, he didn’t sugarcoat his situation. “I owe over $100,000. I’m kind of lost right now,” he told finance personality Dave Ramsey in a clip posted May 28. “I don’t know if I should file [for] bankruptcy. I just need some advice,”…
Katie Price faces a wait to see whether more of her income will go directly towards paying off money owed under her two bankruptcies. The former glamour model was declared bankrupt in November 2019 and again in March last year, and the bankruptcies have since been discharged. However, Price, who did not attend the hearing…
Katie Price faces a wait to see whether more of her income will go directly towards paying off money owed under her two bankruptcies. The former glamour model was declared bankrupt in November 2019 and again in March last year, and the bankruptcies have since been discharged. However, Price, who did not attend the hearing…
Toys R Us collapses again, goes into administration Inside Retail Asia Read the original article here
The former glamour model was declared bankrupt in November 2019 and again in March last year, and the bankruptcies have since been discharged. However, Price, who did not attend the hearing and was not represented, still owes money as a result of the bankruptcies, and she had previously reached a voluntary agreement over her debts.…
The National Company Law Appellate Tribunal (NCLAT), Chennai bench comprising Justice Sharad Kumar Sharma (Judicial Member) and Jatindranath Swain (Technical Member) have held that where proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) have already been initiated by one Financial Creditor, a subsequent application under the same provision by another creditor against…
UK Service Plan Ltd sold monthly and annual plans which they said would provide service cover for household appliances. The company had a pattern of behaviour which involved targeting the elderly and vulnerable and creating direct debits without permission. The company was subject to a successful winding up order at the High Court in London…