Buffalo Diocese plans to have individual parishes declare bankruptcy plan as part of Chapter 11 settlement

Maneuver aimed at protecting individual parishes from further liability once bankruptcy and and settlements for sex abuse claims are finalized BUFFALO, N.Y. — Parishioners at catholic churches throughout the Buffalo Diocese were informed this weekend that their parishes will all be declaring bankruptcy. The legal maneuver is related to efforts by the diocese to emerge from…

Fishburners: Sydney start-up hub enters voluntary administration

The organisation behind of Australia‘s largest and longest-standing early stage start-up communities has collapsed into voluntary administration. KPMG Australia’s Gayle Dickerson and Phil Quinlan will oversee a strategic restructing of not-for-profit Fishburners, which has fostered more than 35,000 entrepreneurs since 2011, including furniture company Koala and pet-sitting service Mad Paws. The Sydney-based hub supports tech…

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Maeve Aerospace’s Hybrid-Electric Dreams Dashed by Insolvency

Dutch regional hybrid-electric aircraft developer Maeve Aerospace—which recently secured partnerships with Delta Air Lines, SkyWest, Pratt & Whitney Canada, and other major players—declared bankruptcy last week, according to the Dutch insolvency register. Per documents, the fledgling manufacturer declared bankruptcy on Tuesday. Maeve did not immediately respond to FLYING’s request for comment. But Martin Nusseler, the…