Sproutt declares insolvency

Life insurance startup Sproutt See full company profile “> has declared insolvency. Recently, Sproutt submitted a request to the District Court in Tel Aviv to initiate insolvency proceedings due to its inability to pay a debt to an Israeli bank and other suppliers, according to a report by Calcalist. Founded in 2017, Sproutt raised $38…

Shanghai businessman Richard Yan declared bankrupt after New Zealand liquidators fail to track him down for hearing

The New Zealand High Court has declared Richard Yan bankrupt after the Shanghai businessman failed to come to the negotiating table in connection with more than NZ$60.9 million (US$36.6 million) he owes creditors of failed construction company Mainzeal. Associate judge Grant Brittain adjudicated Yan bankrupt on Thursday, following months of failed efforts to chase down…