eVTOL start-up Volocopter GmbH has filed for the opening of insolvency proceedings. The filing was made at the Karlsruhe Local Court on 26 December 2024. The court appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator. Founded in 2011, the start-up company has said that it is ‘near’ to gaining obtain…
In a significant blow to the future of eVTOL aircraft in Europe, German eVTOL company Volocopter filed for bankruptcy protection this week. Specifically, Volocopter GmbH filed an application to open insolvency proceedings at the Karlsruhe Local Court on 26 December 2024. The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed…
Volocopter announced in a short press release that it had filed an application for the opening of insolvency proceedings with the Karlsruhe Local Court on 26 December 2024. It was approved the following day, and Tobias Wahl was appointed insolvency administrator. Business operations will continue during the proceedings and, according to Volocopter, the aim is…
UAM developer Volocopter has filed an application for the opening of insolvency proceedings at Germany’s Karlsruhe Local Court The court has begun the provisional insolvency administration, appointing Tobias Wahl, partner and attorney at Anchor Rechtsanwältegesellschaft, as its administrator. Volocopter is a pioneer of urban air mobility (UAM), developing electric vertical take-off and landing (eVTOL)…
Volocopter has filed an application for insolvency proceedings at the Karlsruhe Local Court in Baden-Württemberg, Germany. The application, which was opened on 26 December 2024 and began the following day, will see Anchor Rechtsanwältegesellschaft mbH partner and attorney, Tobias Wahl, as administrator during the process. Volocopter’s 2X unit takes flight at Gimpo Airport, during MOLIT…
The board of Cork-based PMD Device Solutions has filed for bankruptcy following a review of the company’s financial position which found that it could not resolve its short-term liquidity requirements rendering it unable to meet critical obligations. PMD Device Solutions develops and sells medical products for respiratory monitoring in both the hospital acute monitoring sector…
Germany-based Volocopter, an urban air mobility company that develops eco-friendly air taxis to transport people, announced its application to open insolvency proceedings at the Karlsruhe Local Court on 26 December 2024. The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as…
The 68-year-old was declared bankrupt in June 2020 in a London court with a loan of over 130 million pounds to his name. Many businessmen, who were once billionaires, went bankrupt in their life due to several reasons. Some had to depend on spouses and kids for daily expenses. One such person is Pramod Mittal,…
A Midwestern city has fostered a rocky financial situation by offering extremely generous retirement benefits to public workers, experts say. Chicago‘s projected budget deficit is a whopping $982.4 million, according to The Civic Federation. Despite several tactics to save the city from bankruptcy, politicians have failed to get to the root of the issue – …
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here