Getty Images It’s affected 50 Cent, Fazer from N-Dubz, Kerry Katona and pretty much all of the band Blue – among a lot of other celebrities. But when we talk about bankruptcy, how many of us actually understand what it means? Katie Price is the latest celeb to be declared bankrupt after failing to stick…
HONG KONG — China Oceanwide Holdings, a Beijing-based private developer, said on Monday that the company was to be wound up by a court in Bermuda. Trading of the company’s Hong Kong-listed shares was suspended from Monday morning due to the court decision and “will remain suspended until further notice,” according to the filing to…
Company insolvencies on track for 14-year annual high after December rise Evening Standard Read the original article here
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…
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 Read the original article here
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…
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…
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…
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…