The Supreme Court of Victoria has ordered the liquidation of Bardee, a deep tech start-up backed by Australia’s largest venture capital fund, Blackbird Ventures. A Melbourne storage company, backed by the Victorian State Revenue Office, last week petitioned the court to wind up Bardee’s registered company, Beyond AG, to recoup unpaid bills, and the court…
People and companies go bankrupt every so often—but in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by £23 million ($29 million) in the 2023-24 financial year. This means a…
Steward Health Care System LLC filed for bankruptcy early Monday after a period of mounting financial challenges and government scrutiny over the impact of its hospital closures on patients. The Dallas-based firm is finalizing a rescue loan with landlord Medical Properties Trust Inc., according to the filing. It sought Chapter 11 protection in the Southern…
Administrators believe a one-time local success story — Face Halo — can be revived, after the make-up removal business went under earlier this month. Face Halo, which was founded by Perth’s Lizzy and Damien Pike, was voluntarily placed into the hands of administrators from WA Insolvency Solutions. Read the original article here
Robert Bull, the owner of beleaguered caravan giant RoyaleLife that is facing £725 million ($916 million) in debt, was declared bankrupt by an English court on Friday. It’s a stunning reversal for a man who, just seven months ago, was said to have a wealth of £1.9 billion and was the second-highest ranking new entry…
Positive thinking wasn’t enough to help Chicken Soup for the Soul Entertainment escape a pile of unpaid bills. The publisher of uplifting books, TV, movie and online video content, which also owns DVD rental operator Redbox, on Friday filed for Chapter 11 bankruptcy protection in Delaware court after racking up nearly $1 billion in debt.…
Air Vanuatu liquidation exposes insurance coverage gaps | Insurance Business Australia Travel … Read the original article here
This vertical farming company raised $500m, and then it all but disappeared Sifted Read the original article here
E-bike manufacturer Timyo declared bankrupt as new entity emerges Bike Europe Read the original article here
A building company has collapsed as liquidators investigate the transferral of hundreds of thousands of dollars of company funds to two employees. Last week, Alurt Construction Services, based on the NSW mid-north coast near Coffs Harbour, plunged into liquidation. The company’s initial estimated debt of around $100,000 has exploded to more than $2 million, although…