OKLAHOMA CITY (KOKH) — Canoo Inc. has filed for Chapter 7 bankruptcy, marking the end of its operations. The filing was made with the U.S. Bankruptcy Court for Delaware, leading to the appointment of a Bankruptcy Trustee to oversee the liquidation of the company’s assets and distribution of proceeds to creditors. Despite being American-made, successfully…
JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) — Canoo Inc. (Nasdaq: GOEV), (the “Company”), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal…
Insolvency department warns of bankruptcy abuse to evade debt repayments New Straits Times Read the original article here
A judge has issued a bench warrant after a man who defrauded about 1,200 people while posing as a barrister and personal insolvency practitioner failed to turn up for his sentence. David Williams (67), with an address in Lacken, Blessington, Co Wicklow, pleaded guilty to multiple sample counts of deception on dates between January 2019…
Richmond, California–based Moxion Power laid off 101 workers in June and shuttered its doors, following a wave of hype for its 75-kilowatt portable lithium-ion batteries that it hoped would replace diesel generators. The company attracted more than $110 million in funding from investors including Tamarack Global, Amazon, Microsoft, and Energy Impact Partners. Lesson: Lithium-ion batteries continue…
FSG Nobiskrug in negotiations with potential investors amid insolvency SuperYacht Times Read the original article here
It’s been a rough year for the trucking industry following the red-hot market conditions of late 2020 and 2021. Since the beginning of the year, spot rates have declined by 27.6%, according to the FreightWaves National Truckload Index. On the contract market, which comprises a larger chunk of the trucking industry, the rate to move…
KTM is going through an extremely difficult period. The leading European motorcycle manufacturer has today filed for insolvency at the court of Ried in Upper Austria, initiating a restructuring procedure under judicial supervision. The company failed to pay off its debt 1,8 billion euros towards approximately 2.500 creditors. The total debt of the company and its…
(PDF) The Role of Insolvency Tests: Implications for Indian Insolvency Law ResearchGate Read the original article here
German company Flight Design, manufacturer of the CTLS and F2 range of aircraft, has filed for bankruptcy in a German court. The company filed papers on 3 December, claiming a six-figure debt and outstanding disputed payments have led to a liquidity issue. The court appointed lawyer Marcello Di Stefano as provisional insolvency administrator, who believes…