Insolvency storm bears down on Australian households

On Wednesday, I reported that 26,000 businesses have fallen into insolvency since the 2022 election, including a record 12,405 insolvencies this calendar year. Data from the Australian Financial Security Authority (AFSA) shows there were 11,644 personal insolvencies nationwide in 2023-24. ASFA expects personal insolvencies to rise by 15% to 13,400 in the current financial year…

The Top Thirty Companies That Diamond Owes Money To

Posted in: Bandai, Collectibles, Comics, Comics Publishers, Current News, Dark Horse Comics, Diamond Select Toys, Dynamite, Funko, Hasbro, IDW, Image, Marvel Comics, McFarlane Toys, Titan | Tagged: diamond, Penguin The top thirty companies Diamond owed money to when it went bankrupt, from Penguin to Bandai, Todd McFarlane to Hasbro, Funko to Udon Published Wed, 15…

Hindenburg biggest cases: From market rout to bankruptcy, here’s how Hindenburg shook some empires

Hindenburg Research, a prominent U.S.-based investment research firm, has established a name for itself through a series of impactful and often controversial investigative reports. The firm, founded by Nate Anderson in 2017, gained notoriety for exposing corporate malfeasance, fraud, and financial mismanagement in publicly traded companies.In a statement announcing the closure of Hindenburg, Anderson said,…

Charged EVs | eVTOL maker Volocopter files for insolvency in German court

Volocopter, a manufacturer of all-electric vertical take-off and landing, or eVTOL, aircraft, has filed an application to enter insolvency proceedings at the Landesgericht (state court) in Karlsruhe, Germany. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” the company said in a statement.…