Category Archives: Bankruptcy

Yearender 2024 Tupperware to Bodyshop to evergrande key companies that filed for bankruptcy this year business news – India TV

Image Source : PIXABAY Yearender 2024: Notable companies that went bankrupt in 2024. Yearender 2024: In the year 2024, several high-profile companies faced financial turmoil and finally filed for bankruptcy. This year, a mix of economic pressures and shifting market dynamics pushed some key players across industries into financial distress.   What is Bankruptcy?  Bankruptcy is a legal…

FTX: Customers of failed crypto firm set for refunds

When FTX declared bankruptcy in late 2022, roughly $8bn in customer funds were reported missing, not including debts to investors and others. Mr Ray’s team has since recovered assets worth $14.7-$16.5bn, in part by selling off FTX’s remaining assets, such as its investment in the artificial intelligence firm Anthropic. The deal reached with the bankruptcy…

KTM’s insolvency administrator puts shares of MV Agusta on sale

An insolvency administrator has put KTM’s shares in MV Agusta up for sale, as the Austrian company continues to reel in from a financial crisis. KTM’s parent company Pierer Mobility AG had acquired a 25.1 per cent stake in MV Agusta in November 2022, before taking over the majority of the company in March of…

Manz files for insolvency – electrive.com

The application to open insolvency proceedings is expected to be filed in the next few days, as the company announced. The Management Board’s decision was taken ‘due to Manz AG’s inability to pay and its over-indebtedness under insolvency law’. The decision by Manz AG’s lenders “not to provide any further funding” is cited as the…

Florida medical device maker Exactech declares bankruptcy

Exactech, a Florida device manufacturer that faces more than 2,000 state and federal lawsuits from patients who allege the company sold defective hip and knee implants, filed for bankruptcy protection Tuesday. The Gainesville-based company said in a statement it was restructuring and would be sold to an investor group of private equity and “alternative asset”…

MicroStrategy (MSTR) May Never Go Bankrupt: Here’s Why

MicroStrategy is currently gaining immense traction due to two primary reasons. The fact that the firm has recently debuted on the Nasdaq 100 speaks volumes about its vigor and determination. Secondly, the firm’s dedication and trust towards Bitcoin is also phenomenal, as it continues to buy BTC, portraying its unhinged trust in the crypto domain.…

Flight Design files for Insolvency

German company Flight Design, manufacturer of the CTLS and F2 range of aircraft, has filed for bankruptcy in a German court. The company filed papers on 3 December, claiming a six-figure debt and outstanding disputed payments have led to a liquidity issue. The court appointed lawyer Marcello Di Stefano as provisional insolvency administrator, who believes…

Scottish Company Insolvencies Rise by 5% Amid Debt Challenges

During November, 114 company insolvencies were registered in Scotland, a 5% increase compared to the previous year. Data from the Insolvency Service reveals this includes: 55 creditors’ voluntary liquidations (CVLs) 54 compulsory liquidations 5 administrations No company voluntary arrangements or receivership appointments were recorded. Historically, compulsory liquidations were the dominant type of insolvency in Scotland.…