South Korean Crypto Lending Platform Delio Declared Bankrupt – Binance
South Korean Crypto Lending Platform Delio Declared Bankrupt Binance Read the original article here
‘Hammer is about to drop’: ATO debts driving insolvency spike
Research from Alares suggests the spike in business insolvencies is being driven primarily by tax debt. Outstanding debts owed to the Tax Office are pushing a growing number of Australian businesses into voluntary administration in hopes of preventing a collapse. Tax debt is the primary driver behind the growing number of business recovery activities engaged…
Tesla’s Musk jokes Bill Gates could go bankrupt if short bet fails By Investing.com
On Tuesday, Tesla (NASDAQ:)’s CEO Elon Musk made a bold statement about the potential consequences for anyone holding a short position against his company. Musk suggested that even someone with the wealth of Bill Gates could face bankruptcy if Tesla becomes the most valuable company in the world. The context of Musk’s claim is rooted…
Double digit growth for insolvency specialist Begbies
Insolvency specialists Begbies Traynor enjoyed a surge in revenues in the six months to the end of September 2024 and are on course to hit a target of £200m in income. Analysts expect the Manchester-based professional services group to post full year “adjusted” pre-tax profits of £23.0m-£24.3m, which this morning’s statement said the company was…
Surveillance software firm FinFisher declares insolvency
Munich-based spyware company FinFisher declared insolvency last month, Bloomberg and Netzpolitik Monday, amid an ongoing investigation into its business dealings. The controversial firm was accused of selling surveillance spyware to repressive regimes to target dissidents, activists, and journalists. “FinSpy,” the company’s most profitable spyware, has been monitored by the German government and human rights organizations…
Bendigo councillor Julie Hoskin, the centre of anti-mosque protests, declared bankrupt and resigns
After rising from notoriety to public office, a leading voice in the infamous fight against plans for a mosque in country Victoria has been declared bankrupt and has quit her position as a city councillor. Julie Hoskin played a key role in the vocal, but ultimately defeated, campaign to block Bendigo’s first mosque, which drew…
Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk – Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL)
Tesla Inc. TSLA CEO Elon Musk quipped on X that Microsoft Corp. MSFT co-founder Bill Gates could face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker. What Happened: The statement comes as Tesla’s market capitalization stands at $1.251 trillion,…
Small Business BC abruptly declares bankruptcy
A decades-old non-profit with a mandate of supporting B.C.’s small businesses abruptly declared bankruptcy – resulting in dozens of employees losing their jobs weeks before Christmas. The president of the board of directors for Small Business BC gave a letter to employees last week, saying an insolvency trustee had been appointed to “begin the bankruptcy…
NSW leads national spike in business insolvencies
“The federal government likes to say that it is on the side of small business, yet all we see is more and more businesses go to the wall,” Hunter said. “To keep good businesses thriving, the NSW government needs to take a serious look at lowering payroll tax levels, bed down proper reform of the…
Restructuring & Insolvency round up
26 September 2024 Creditors successful in direct claims for compensation against directors In 2023 the Supreme Court confirmed in the Mainzeal decision that section 301 of the Companies Act could be used for direct claims by creditors against directors for losses suffered as a result of breach of director duties. This was recently used by…