Doing business with a customer in the shadow of bankruptcy is risky. A hallmark of bankruptcy law is equal treatment of similarly-situated creditors. The Bankruptcy Code frowns upon a debtor who, while insolvent, pays some creditors but not others in the run-up to bankruptcy – whether voluntarily or due to pressure. Under the Bankruptcy Code,…
Billionaire entrepreneur and Tesla CEO Elon Musk has voiced his concerns over the U.S. trade deficit and government spending, warning that America is at risk of bankruptcy if spending is not brought under control. Speaking in an interview with Fox News on February 19, 2025, Musk criticized wasteful government expenditures and urged taxpayers to recognize…
Tesla CEO and self-proclaimed “DOGE Head” Elon Musk sharply criticized the US government’s spending, warning that if the growing deficit is not addressed, “America will go bankrupt.” Speaking in an interview with Fox News on Tuesday, Musk said that the average American taxpayer “should be mad as hell” over wasteful expenditures. “The overall goal is…
Overview The English High Court has ordered1 two directors (the Directors) of four companies in the British Home Stores group (BHS) to make payments exceeding £18 million in connection with BHS’ trading prior to commencing insolvency proceedings. Each director has been ordered to pay £6.5 million for continuing to trade past the point at which the…
Latest data from the insolvency showed that the construction industry experienced the highest number of insolvencies in the 12 months to December 2024 at 4,032, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest rise in construction insolvencies shows the extent of the debt burden…
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Tesla CEO Elon Musk recently criticised the current state of US spending, remarking that an average citizen in the country ‘should be mad as hell’ over the expenditure of the tax money. In an interview with Fox News on Tuesday, Musk pointed out that when former President Donald Trump took office, he inherited a $2…
Another EV maker goes bust, as Nikola files for bankruptcy MarketWatch Read the original article here
Nikola goes bankrupt, to sell assets in latest EV market turmoil Reuters Read the original article here
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 ‘nuisance cold calls’ SussexWorld Read the original article here