As reported by Sky News, attempts to secure long-term financing through a sale or capital injection will likely fail. According to sources from the municipal sector, there is still hope, but Arrival is already in discussions with auditing firm EY about insolvency administration. One of the reasons is that Arrival failed to comply with the…
BBC Tony Downey can feel his heart racing a little as he walks up the main street in Hawkshead, a pretty village in the Lake District. It’s the first time he’s been back since he fled abroad after losing his livelihood and health from the Horizon Post Office scandal. “We didn’t even say goodbye, we…
REDcycle has accepted the offer made by the big two supermarket chains to take responsibility for the 12,400 tonnes of soft plastic stored by REDcycle in warehouses around the country, ahead of being declared insolvent today. Coles and Woolworths made the offer to store the soft plastic stockpile themselves late last week, after a meeting…
The news earlier this year that Red Lobster was filing for bankruptcy may have made you curious about how your other favorite businesses are doing in 2024. After all, we’ve heard plenty of reports of the impact of inflation and general struggles for parts of the economy. Check Out: 7 Popular Clothing Brands the Middle…
The company behind the Coles and Woolworths soft plastics recycling program has been declared insolvent after failing to pay storage fees for the thousands of tonnes of plastics it secretly stockpiled around the country. RG Programs and Services Pty Ltd, which trades under the name REDcycle, was wound up by order of the NSW Supreme…
“The individuals who paid Mr Scholz for his tips, to attend seminars or access private online forums, as well as those individuals who purchased shares based on his recommendations or statements of opinion, did not have the benefit of these protections.” Read the original article here
Investors who tipped in $11.4 million earmarked for residential property projects are being left largely empty-handed after property developer Greg Shaw was declared bankrupt on Thursday. More than 130 investors tipped $14.1 million into projects across NSW, Queensland and Victoria after a marketing blitz run by self-styled property mogul Sasha Hopkins on Facebook in 2021.…
BTZ declared bankrupt Bulk Materials International Read the original article here
Vice, Decayed Digital Colossus, Files for Bankruptcy (Published 2023) The New York Times Read the original article here
Getty Images Katie Price was declared bankrupt in 2019 Katie Price must give up almost half of her monthly income from adult entertainment website OnlyFans to repay her debts, a judge has ruled. The High Court court heard that the former model had previously reached a voluntary agreement over her debts, but had failed to…