“I’ve been forced into bankruptcy as a result of a defamation case where I was found to be unsuccessful, owing a vet clinic $320,000 in damages,” Peterson said. “And that doesn’t even include their legal costs, putting my debt to over half a million dollars. “During the trial, I was forced to produce financial and…
Germany’s “oldest and biggest” gay dance club has declared itself bankrupt after nearly half a century in business, falling victim to inflation and an evolving party culture threatening Berlin’s nightlife. Management troubles and dating apps were among the factors putting SchwuZ on the ropes last year and in May the club shortened its opening hours,…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
According to research by Ipsos Canada, commissioned by BMO, 33% of Canadians use AI technologies to stay on top of their spending and saving. But while these tools are great for growing wealth and tracking financial goals, there’s something missing—a safe, ethical, and truly supportive way to get help with debt. In this article, we’ll…
John Arne Riise was declared bankrupt just two years after winning the Champions League with Liverpool. The left-back played a crucial role at Anfield during Rafael Benitez’s tenure, but struggled with financial issues off the field. Riise is best known for his thunderbolt of a left-footed shot and some unique hairstyles. The Norwegian scored an…
A company called 24M Technologies may have just cracked the code for faster, more efficient EV batteries, according to a recent article. The company’s new electrolyte, Eternalyte, promises to make charging an electric car four times faster than what we see today — and it’s all possible with regular charging stations, with no need for…
While Joann Fabrics locations closed across the country, disturbing reports emerged about the company’s liquidation practices. What’s happening? A Redditor visiting their local store witnessed employees discarding sewing patterns in rolling garbage cans. When asked about this practice, an employee explained that liquidators had instructed them to “keep 4 and toss the rest,” adding that…
How Abengoa Group impacted the Spanish economy EY Read the original article here
The company that would one day become Genesis HealthCare was founded four decades ago this year. By 2015, it became one of the largest post-acute care providers in the country with more than 500 skilled nursing centers across 34 states, according to its website. But as the health care chain quickly expanded, it also faced…