Borgward declared bankrupt in China following 2015 relaunch, RM2.94 billion loss sustained last year – paultan.org – Paul Tan’s Automotive News

Borgward declared bankrupt in China following 2015 relaunch, RM2.94 billion loss sustained last year In Borgward, International News / By Mick Chan / 5 December 2022 11:08 am / 0 comments Chinese-owned German brand Borgward has been declared bankrupt by a court in Beijing, China according to Foton, reports Automotive News Europe, The ruling was…

Supreme Court to hear appeal against debt deal allowing man to keep 1.8m farm – BreakingNews.ie

A debt fund has persuaded the Supreme Court to hear its appeal against approval for a personal insolvency arrangement (PIA) allowing a man to keep his 1.8 million farming assets. Promontoria (Oyster) DACs appeal relates to the personal insolvency arrangement of Co Wexford-based Fergus OConnor (47), who had debts totalling 1.1 million. It is understood…

What happens when a council declares bankruptcy? – The New Statesman

Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. Last week, for the third time in two years, the Conservative-led Croydon council in south London declared bankruptcy. And this week another Conservative-led council, Thurrock in Essex, is in the news after admitting that ill-thought through investments have…

Automobile Brand Beijing Borgward Declares Bankruptcy, 8-Year Operation in China Ends – Pandaily

Beijing Borgward, once billed as a rival to BMW, Mercedes-Benz and Audi, officially declared bankruptcy on November 29. The announcement explained that it was drained to pay off its outstanding debts but its current assets are not enough to settle the outstanding balances. Founded in 1919, Borgward was once Germanys third largest car manufacturer. Back…