The consequences of bankruptcy can be devastating, as the Post Office scandal has laid bare. As dramatised in the ITV hit Mr Bates vs the Post Office, several former Post Office workers were forced to go bankrupt after they struggled to cover the fictional financial losses out of their own pocket or fight in court…
UPDATE: An exclusive report from Reuters indicates that Nissan is the automaker with which Fisker is negotiating. The two companies are allegedly in “advanced talks,” and could finalize a deal by the end of the month. Nissan would allegedly invest more than $400 million into the platform for Fisker’s Alaska electric pickup, and the Japanese…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
The Dutch branch of vertical farming startup Infarm, best known for its global network of modular container farms, has been “declared bankrupt” according to official documents. Infarm says the bankruptcy is not impacting its current restructure in which the company is focusing on markets where profitability is likely attainable. Multiple industry sources say Infarm has…
LDRS GMB union members have protested in Birmingham about the evaluation of their roles Nottingham, Birmingham and Woking councils all went bust in 2023. They followed and Thurrock and Croydon (for the third time) in 2022 – with half of councils warning of effective bankruptcy within five years without reform. Councils technically can’t go bankrupt…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
The London Resort theme park was due to be built in Swanscombe, Kent – The London Resort The Kuwaiti businessman behind a troubled £2.5bn Kent theme park meant to rival Disneyland has been declared bankrupt. Abdulla Al-Humaidi, who was a key backer of the proposed London Resort development scheme, was confirmed to be insolvent at…
New housing construction is seen at Schofields, north west of Sydney, Thursday, November 10, 2022. Source: AAP Image/ Bianca De Marchi The number of business insolvencies boomed in late 2023 and is poised to accelerate in 2024, official data shows, but industry professionals say the growing use of the small business restructuring scheme is a…
What does it mean when a local authority goes “bankrupt”? Local authorities cannot actually go “bankrupt” in the way that a company or an individual can. Instead, they issue what is known as a section 114 notice. This is a report from the council’s finance officer that they believe that the authority is about to…
