Metropolitan Sacco now insolvent, declares State – Nation
Metropolitan Sacco now insolvent, declares State Nation Read the original article here
What This Means For The Grocery Aisle
DENYSOFF/Shutterstock An icon of American orange juice is facing a money crisis. According to Debwire (via CNN), Tropicana Brands Group, whose eponymous orange juice brand is one of the best, has recently suffered a 10% loss in quarterly income and a 4% quarterly revenue loss. The consistently lagging…
Lilium Aerospace Files For Insolvency Again After Funding Collapse
Lilium Aerospace, a prominent player in the burgeoning electric vertical take-off and landing (eVTOL) industry, has once again found itself in turbulent skies. The company has now filed for insolvency for the second time. This latest filing comes amid financial setbacks after a promise of funding support failed to materialize. Lilium becomes the latest casualty…
Strange Intervention in the Sritex Case
TEMPO.CO, Jakarta – The Sritex bankruptcy liquidators could not work properly to recover loans owed to creditors. There were threats from senior police officers. THE protracted bankruptcy proceedings of Sri Rejeki Isman, or Sritex, a company with 50,000 employees, are the result of government interference. The plan to save the integrated textile company through a…
Wireless and UK Satellite Broadband ISP Brdy Facing Insolvency
Satellite internet provider Brdy, which offered a mix of satellite and wireless (5G) broadband solutions to rural parts of the UK, appears to be in difficulty after customers of the service started reporting a lack of support and connection problems. Shortly after that, the same users noted how their accounts had been taken over by…
Elon Musk 'warns' at Donald Trump's cabinet meeting: America will go bankrupt, if we don't … – The Times of India
Elon Musk ‘warns’ at Donald Trump’s cabinet meeting: America will go bankrupt, if we don’t … The Times of India Read the original article here
NCLAT sets aside insolvency proceedings against Coffee Day
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain. A two-member NCLAT bench of Chennai bench comprising justices Sharad Kumar Sharma and Jatindranath Swain set aside an earlier order passed by the Bengaluru bench of…
Debt recovery business shut down by the Insolvency Service
A Bristol-based debt recovery company which collected debts for businesses and individuals but failed to forward on all the money has been shut down. Encore Capital Group Inc Ltd, which traded as Encore Debt Recovery, cold-called businesses and individuals offering to recover commercial and consumer debts in return for an up-front fee or a percentage…
Bankrupt Katie Price flogs notorious £140k Barbie pink Range Rover for just £5k to aid £750k money woes – The Sun
KATIE PRICE is flogging her notorious £140,000 Barbie pink Range Rover for just £5k amid her money woes. The former glamour model, 46, who was declared bankrupt for a second time in March last year, had her Range Rover Sport appear online with a renowned car auctioneer. 4 Katie Price’s famous pink Range Rover is…
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