What is a phoenix company? A phoenix company is a business acquired from a formal insolvency process, often by existing directors. This process must adhere to strict guidelines to protect creditor interests. Phoenixism can have a bad reputation, particularly where the new entity is under the same ownership and control as the previous entity. Nevertheless,…
Ola Electric responded by strongly disputing the claims and also contended that it would take all necessary legal steps to protect its interests. The company mentioned it was already in the process of renegotiating contracts with its vehicle registration agencies including Rosmerta. This renegotiation was cited as the reason for a temporary dip in vehicle…
Nikola Goes Bankrupt, Capping Troubled EV Maker’s Long Slide Bloomberg Read the original article here
Source: Straits Times Article Date: 21 Mar 2025 Author: Selina Lum Judge finds he intended to gift properties, making her both the legal and beneficial owner. The High Court on March 20 dismissed a claim by motoring tycoon Peter…
Katie Price has revealed her bankruptcies gave her a “wake-up call” and made her take control of her financial affairs. The TV star was first declared bankrupt in 2019 and then again in March 2024 after failing to pay a £750,000 tax bill. After six years, the 46-year-old’s second bankruptcy was discharged earlier this month,…
TV personality and former soldier Ant Middleton has been banned from being a company director after his business failed to pay more than £1 million in tax. The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of…
Furrry Pet Group UK Ltd has been shut down after it was revealed its sole director was Darren Anderson Anderson, who has used several different aliases, has been disqualified as a company director for the maximum 15-year period on three separate occasions The 41-year-old failed to comply with the Insolvency Service’s latest investigation and accounts claiming…
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Marisela Rivera’s student visa expires in two weeks. A week and a half ago she found out the agency she had paid her school, visa extension and insurance fees to had collapsed, likely taking her money with it. “When I found out, it was like everything was crumbling,” Ms Rivera said. The 33-year-old from Mexico…