Getty Images Cryptocurrency lender Genesis has filed for bankruptcy. The firm had recently been charged by US regulators Securities and Exchange Commission (SEC) with illegally selling crypto. It is part of the Digital Currency Group (DCG), a conglomerate of more than 200 crypto-focused businesses. The insolvency of Genesis is linked to the bankruptcy of FTX,…
The Liverpool City Region Combined Authority is reviewing potential manufacturers for its gliders The Glider Future Rapid Transit system on display at Anfield(Image: Andrew Teebay Liverpool Echo) The company behind the ‘glider’ tested in Liverpool last week went bankrupt earlier this year, meaning the vehicles which will actually be used on the city’s roads are…
Recycling scheme REDcycle has been ordered to be wound up by the New South Wales Supreme Court after failing to pay storage fees for thousands of tonnes of plastics secretly stockpiled around Australia. The company behind Woolworths and Coles’ soft plastics recycling program has been declared insolvent and a liquidator has been appointed to take…
Katie Price has been declared bankrupt for a second time over an unpaid tax bill worth more than £750,000. The former glamour model, who was previously declared bankrupt in 2019, owes £761,994.05 to HM Revenue & Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and Companies…
J&J unit files for second bankruptcy to pursue $8.9 billion talc settlement Reuters Read the original article here
Katie Price has arrived at a court building in London ahead of the latest hearing in relation to her bankruptcies. The former glamour model is due to face questions from barristers over her finances in a specialist bankruptcy court. After arriving in a black cab, Price, wearing all black and sunglasses and accompanied by another…
Private-equity firms buy businesses in the hopes of flipping them for a profit a few years later. The idea is simple enough. But companies bought by private-equity firms are 10 times as likely to go bankrupt as those that aren’t. The industry’s defenders claim that this is simply because private-equity firms often buy teetering companies;…
A Kensington mansion has become the capital’s latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts. The property on Queen’s Gate, near Hyde Park, is being sold by receivers for around $34m (£27m) alongside another house worth some $520,000 (£412,000)…
In 2020, Jonathan Arther sued a dozen state officials and employees of the Arizona prison where, he says, his medical care was bungled so badly that he went blind in one eye. He also sued Corizon Health Inc., the private, for-profit medical contractor that the state had hired to provide care in the prison where…
EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…