KTM creditors file claims of €2.2 billion in court hearing – MSN
KTM creditors file claims of €2.2 billion in court hearing MSN Read the original article here
French e-bike startup Angell nears bankruptcy
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…
KTM creditors file claims of €2.2 billion in court hearing
Creditors filed claims totalling around €2.2 billion against KTM AG and its two subsidiaries during the companies’ insolvency proceedings in Austria on Friday. Insolvency administrator Peter Vogl presented his third report during the hearing and he must now provide a statement on all registered claims. At the moment, there are 3,534 claims filed against KTM…
French e-bike startup Angell nears bankruptcy
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…
German dentists scheme faces losses on insolvent insurtech start-up – IPE.com
German dentists scheme faces losses on insolvent insurtech start-up IPE.com Read the original article here
Record rise in UK businesses in severe financial distress
There has been a record rise in UK businesses in severe financial distress as companies find it “almost impossible to navigate the challenges they face”, according to an insolvency specialist. The number of businesses showing signs of critical stress rose by 50.2 per cent quarter-on-quarter to 46,853 in the final three months of 2024, Begbies…
KTM creditors file claims of €2.2 billion in court…
Creditors filed claims totalling around 2.2 billion euros against KTM AG and its two subsidiaries during the companies’ insolvency proceedings in Austria on Friday. Insolvency administrator Peter Vogl presented his third report during the hearing and he must now provide a statement on all registered claims. At the moment, there are 3,534 claims filed against…
Allianz Trade Insolvency Report
In its latest Global Insolvency Report, Allianz Trade reveals a more severe outlook for the global business landscape, with insolvencies projected to climb by +11% in 2024 – an even steeper rise than previously anticipated. The report highlights key trends and risks for businesses worldwide, as the global economy grapples with sluggish demand, ongoing geopolitical…
US EV start-up Canoo files for bankruptcy, immediately ceases operations
Texas based electric vehicle (EV) start-up Canoo announced last week that it was filing for bankruptcy and would immediately cease operations. Founded in 2017 as Evelozcity, the company was renamed in 2019 with a goal of “reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans all…
Record jump in businesses in financial distress
“The industry as a whole is horrific and some of these challenges I don’t think any government really understands, particularly around VAT rates that we pay. The costs just keep going up, be that supplier costs, be that energy costs,” she told the BBC. The struggles for businesses comes at the same time as a…