Lion Électrique Faces Imminent Bankruptcy Threat

Lion Électrique, the Quebec-based manufacturer of electric buses and trucks, is facing dire financial challenges, with warnings of imminent insolvency looming over the company. With liquidity issues seriously hindering its operations, analysts are increasingly voicing concerns about whether the company can survive without major financial intervention. Professor Yan Cimon from Laval University characterizes the situation…

From Tupperware to Evergrande, top companies that filed for bankruptcy in 2024

In 2024, several high-profile companies faced financial turmoil, culminating in filing for bankruptcy—a legal process that allows businesses unable to meet their debt obligations to restructure or liquidate their assets. Bankruptcy often signals a last-ditch effort to salvage operations, address creditor claims, or wind down entirely. This year, a mix of economic pressures and shifting…

What’s changed one year on?

BBC Nottingham City Council issued a section 114 notice a year ago One year ago, Nottingham City Council confirmed the news that many had been expecting for some time – that it had effectively gone bankrupt. The Labour-run council joined a growing list of local authorities that have issued a section 114 notice, an acknowledgement…

Gail’s boss condemns Labour over worker’s rights plans: Serial entrepreneur Luke Johnson says some of his companies won’t survive – and insolvency firms will be ‘rubbing their hands’

By RORY TINGLE, HOME AFFAIRS CORRESPONDENT FOR MAILONLINE Published: 20:49 AEDT, 29 November 2024 | Updated: 23:15 AEDT, 29 November 2024 The chairman of Gail’s has warned some of his businesses ‘might not survive’ the Labour government as he criticised it for ‘crushing’ the private sector. Luke Johnson, a former boss of Pizza Express who…