Volocopter, a manufacturer of all-electric vertical take-off and landing, or eVTOL, aircraft, has filed an application to enter insolvency proceedings at the Landesgericht (state court) in Karlsruhe, Germany. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” the company said in a statement.…
14/01/2025 10:28 Former England and Lions wing Ugo Monye has been hit with a bankruptcy petition from HM Revenue & Customs, just a year after BBC’s controversial revamp of A Question of Sport was axed. Join the RUCK’s WhatsApp community here and get the latest news sent straight to your messages. According to The Telegraph, Monye, now a TNT…
Building boss bankrupt, company collapses news.com.au Read the original article here
European economist Anders Åslund has expressed concerns that Russia could deplete its liquid financial reserves by the fall of 2025, potentially leading to a fiscal crisis. He notes that the National Wealth Fund’s liquid assets have significantly declined, from $117 billion in 2021 to approximately $31 billion by late 2024. At the current rate of…
In March of 2024, JoAnn Fabrics filed for bankruptcy, just to come out of it a month later as a private company. When the company emerged from bankruptcy the first time, it announced that it would be closing some underperforming stores across America. According to TheStreet, JoAnn Fabrics has around 800 locations left in America,…
Three Russian companies founded by Alexander Lyskovsky, including LLC “Gorodskie Teplytsy,” LLC “Gorodskie Teplytsy Moskva,” and LLC “Vertikalnye Fermy,” have announced plans to file for bankruptcy. According to investor Mikhail Taver, Lyskovsky failed to fulfill his duties as CEO and refused to…
A caravan park billionaire who claims he was forced into bankruptcy by a drugs cartel is at the centre of a new legal row over his properties. Bob Bull, 47, whose estimated fortune of £1.9 billion took him to #88 on the Sunday Times Rich List in 2023, once boasted 12 supercars and shared a…
Following Nordica’s bankruptcy filing, the airline and its associated companies announced the dismissal of 272 staff members. Severance payments have been made to one-third of these, while bankruptcy compensation – such as unpaid wages, vacation pay, and others – can only be paid out by the Unemployment Insurance Fund (Töötukassa) after the companies’ bankruptcies are…
Wood Markets News Effort to Find Buyers for Insolvent Ziegler Group Moves Forward International Markets Posted on January 15, 2025 An internal letter from the provisional insolvency administrator, reviewed by BR24 (1-7-25), indicates that the search for investors for segments of the insolvent Ziegler Group, headquartered in Bavaria, Germany, is nearing its initial conclusions. In…
Wiltshire company directors struggling to repay Covid business loans are in danger of disqualification. The warning has come from Mike Pavitt, council member for the Southern and Thames Valley region of R3, the UK’s insolvency and restructuring trade body. Mr Pavitt said: “Covid-related loan repayment difficulties have not gone away, especially with new tax burdens…