Company insolvencies on track for 14-year annual high after December rise – Evening Standard
Company insolvencies on track for 14-year annual high after December rise Evening Standard Read the original article here
Hundreds of Australian construction firms have collapsed. Here’s what to do if your builder goes bust
A recent string of financial troubles in residential construction companies has shown that the building industry is anything but bulletproof. So, for anyone about to sign on the dotted line or currently in the building process, it can pay to know what to do in these tough situations and what your rights are depending where…
Will Ukraine’s effort go bankrupt gradually…then suddenly?
How might Ukraine’s war effort go bankrupt? Developments over the past few weeks recall the words of Ernest Hemingway: “Two ways. Gradually, then suddenly.” Should that prove true, it will spell bad news not only for those insisting on an unconditional Ukrainian victory, but also for those pressing for a diplomatic settlement of the conflict.…
How WeWork Went From $47 Billion Unicorn to Bankrupt Penny Stock – The Wall Street Journal
How WeWork Went From $47 Billion Unicorn to Bankrupt Penny Stock The Wall Street Journal Read the original article here
15 Notable Companies To Go Bankrupt Since 2022—From WeWork And SVB To Bed Bath & Beyond
Topline Shared office space company WeWork filed for bankruptcy late Monday, joining a crowded list of high-profile companies to go under recently, as 2023 heads toward becoming the second-busiest year for bankruptcies in more than a decade. WeWork filed for bankruptcy Monday, becoming the latest high-profile firm to go under. Getty Images Key Facts WeWork’s…
WeWork goes bankrupt, capping co-working start-up’s downfall
Former high-flying start-up WeWork has filed for bankruptcy, marking a fresh low for the co-working company that struggled to recover from the pandemic and its failed initial public offering in 2019. WeWork, the SoftBank Group-backed start-up whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday, after its bets…
Thai owner of Miss Universe goes bankrupt
JKN Ms Jakrajutatip has been outspoken about her experiences as a transgender woman The Thai owner of the Miss Universe pageant, which was once part of former US president Donald Trump’s business empire, has filed for bankruptcy a year after buying it for $20m (£16.4m). JKN Global Group has said it would try to resolve…
Company behind Miss Universe competition JKN Global Group files for bankruptcy
The company behind the global Miss Universe competition has filed for bankruptcy just a week out from its international beauty pageant. Overnight, Thailand-based JKN Global Group submitted a petition for “business rehabilitation” into a Thai court. That’s the nation’s equivalent of declaring bankruptcy and securing the protections that come with it, including urgently restructuring the…
What Katie Price has said about bankruptcy and threats of jail
Once said to be worth about £40million, Katie Price has been declared bankrupt again. Bankruptcy is a legal process when a person or business is unable to repay spiralling debts. The I’m A Celebrity… Get Me Out Of Here star owes £761,994.05 to HM Revenue and Customs (HMRC), a court has been told. It has…
Fresh fears Bristol City Council could be declared bankrupt
LDR The nominee for Bristol City Council possible next leader fears plans to meet the SEND budget deficient might not be ‘deliverable’ Bristol City Council’s plan to balance its books when it comes to supporting children with additional needs could exceed the time and money currently proposed. If the authority misses its targets for children…