Councils across UK ‘will go bankrupt within 5 years’ as governments ‘ignoring’ huge social care cost My London Read the original article here
An insolvency administrator has put KTM’s shares in MV Agusta up for sale, as the Austrian company continues to reel in from a financial crisis. KTM’s parent company Pierer Mobility AG had acquired a 25.1 per cent stake in MV Agusta in November 2022, before taking over the majority of the company in March of…
The application to open insolvency proceedings is expected to be filed in the next few days, as the company announced. The Management Board’s decision was taken ‘due to Manz AG’s inability to pay and its over-indebtedness under insolvency law’. The decision by Manz AG’s lenders “not to provide any further funding” is cited as the…
Exactech, a Florida device manufacturer that faces more than 2,000 state and federal lawsuits from patients who allege the company sold defective hip and knee implants, filed for bankruptcy protection Tuesday. The Gainesville-based company said in a statement it was restructuring and would be sold to an investor group of private equity and “alternative asset”…
Could MicroStrategy go bankrupt if Bitcoin drops? Cryptopolitan Read the original article here
MicroStrategy is currently gaining immense traction due to two primary reasons. The fact that the firm has recently debuted on the Nasdaq 100 speaks volumes about its vigor and determination. Secondly, the firm’s dedication and trust towards Bitcoin is also phenomenal, as it continues to buy BTC, portraying its unhinged trust in the crypto domain.…
German company Flight Design, manufacturer of the CTLS and F2 range of aircraft, has filed for bankruptcy in a German court. The company filed papers on 3 December, claiming a six-figure debt and outstanding disputed payments have led to a liquidity issue. The court appointed lawyer Marcello Di Stefano as provisional insolvency administrator, who believes…
During November, 114 company insolvencies were registered in Scotland, a 5% increase compared to the previous year. Data from the Insolvency Service reveals this includes: 55 creditors’ voluntary liquidations (CVLs) 54 compulsory liquidations 5 administrations No company voluntary arrangements or receivership appointments were recorded. Historically, compulsory liquidations were the dominant type of insolvency in Scotland.…
Breadcrumb Trail Links Commodities Energy Oil & Gas Tighter rules around well cleanups make it tough for junior oil and gas producers to weather swings in energy prices Get the latest from Meghan Potkins straight to your inbox Sign Up Published Dec 18, 2024 • Last updated 7 minutes ago • 8 minute read You can…
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says: “The monthly rise in corporate insolvencies is due…