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Category Archives: Bankruptcy

Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years – The New York Times

BankruptcyBy EditorNovember 27, 2024

Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years  The New York Times Read the original article here

How Not to Go Bankrupt on Black Friday: 5 Smart Shopping Tips

BankruptcyBy EditorNovember 27, 2024

Black Friday is just around the corner, promising irresistible deals and discounts. But amidst the frenzy, it’s easy to overspend and find yourself in financial trouble. To help you enjoy the shopping season without breaking the bank, here are five practical tips: 1. Set a Budget and Stick to It Before you even browse the…

South Korean crypto platform Delio declared bankrupt, owing $1.75 billion – MSN

BankruptcyBy EditorNovember 27, 2024

South Korean crypto platform Delio declared bankrupt, owing $1.75 billion  MSN Read the original article here

‘We don’t want to go bankrupt’: Stockport council defends £59 charge – Manchester Evening News

BankruptcyBy EditorNovember 27, 2024

‘We don’t want to go bankrupt’: Stockport council defends £59 charge  Manchester Evening News Read the original article here

KTM Is Nearly Bankrupt, Files to Save the Company From Insolvency – MSN

BankruptcyBy EditorNovember 27, 2024

KTM Is Nearly Bankrupt, Files to Save the Company From Insolvency  MSN Read the original article here

Mediation for operational creditors to cut NCLT burden: MCA – Industry News

BankruptcyBy EditorNovember 27, 2024

The Insolvency and Bankruptcy Board of India’s (IBBI) proposal to include an option of mediation for operational creditors (OCs) under the Insolvency and Bankruptcy Code (IBC), should be looked into “seriously”, as it will cut the burden of NCLTs, said Anita Shah Akella, joint secretary, ministry of corporate affairs on Tuesday. “The (voluntary mediation) proposal…

KTM Is Nearly Bankrupt, Files to Save the Company From Insolvency

BankruptcyBy EditorNovember 27, 2024

Times are tough for KTM’s parent company Pierer Mobility AG.  Though it has some of the best motorcycles around, one of which I still dream about and peruse the classifieds for on a weekly basis, the brand’s market share has essentially dropped off a cliff in recent years. There are obvious reasons for this fall,…

State to build public portal showing insolvency numbers as pressure grows on Irish firms

BankruptcyBy EditorNovember 27, 2024

Companies New portal will show number of firms going to the wall after warning from state’s competitiveness council Business Post subscribers can read: • How the state’s new insolvency portal aims to improve clarity for businesses and… Read the original article here

NCLAT dismisses plea seeking insolvency against Amazon Wholesale, ET LegalWorld

BankruptcyBy EditorNovember 27, 2024

The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the National Company Law Tribunal (NCLT), which had in March this year dismissed the insolvency plea filed by Multiplier Brand Solutions. Multiplier Brand Solutions had…

KTM Parent Company Pierer Mobility Declares Itself Insolvent 

BankruptcyBy EditorNovember 27, 2024

The Pierer Mobility Statement is below KTM AG, a wholly owned subsidiary of PIERER Mobility AG, will apply for the initiation of judicial restructuring proceedings with self-administration (Sanierungsverfahren unter Eigenverwaltung) on November 29, 2024. The financing requirements of KTM AG currently amount to a high three-digit million figure. The management now does not expect to…

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