Sir Bradley Wiggins is bankrupt, homeless and ‘has lost everything’: ‘Embarrassed’ Olympian is sofa-surfing after burning through £13 million – and now faces selling his gold medals, DAVID JONES reveals

Bankruptcy

Dismayed by the news that one of Britain’s greatest ever Olympians had been declared bankrupt, I had been trying all week to contact Sir Bradley Wiggins and hear his side of this sorry story. Puzzlingly, he wasn’t to be found at either of the addresses in Lancashire which he gave to court: an elegantly converted…

Long-embattled 2U declares bankruptcy

Bankruptcy

2U, a fading giant in the online program manager space, announced Thursday it had filed for Chapter 11 bankruptcy. While the company said the process will put it back in a competitive position, experts said the filing creates an incentive for longtime customers to rework their contracts or finally jump ship from an OPM plagued…

Edtech giant Byju’s insolvency case heightening employees concerns; Whatsapp chats revealed

Bankruptcy

The potential insolvency of Byju’s, a prominent Indian education technology company, could become the largest disruption in the once-thriving startup sector, sparking a prolonged struggle among thousands of anxious employees to recover their owed compensation and safeguard their careers, according to Reuters report. Once a favorite among global investors and valued at $22 billion in…

Scam company which claimed to sell hospitality packages to major sporting events is shut down

Bankruptcy

Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events  The company’s clients paid for packages which were later cancelled with no refunds provided  Customers have lost more than £600,000 in total  A company which offered half-priced hospitality at sold-out sporting events has been shut down after cancelling the bookings…

Watchdog investigates accountant at bankrupt Thurrock council | Local government

Bankruptcy

The UK’s accounting watchdog has launched an investigation into an accountant at Thurrock council after the Conservative-run local authority’s failed investment spree landed it in effective bankruptcy. The Financial Reporting Council (FRC) said its move related to an individual’s compliance with governance, reporting, regulations and professional standards at the Essex council over its operations and…