The UK water industry is rarely out of the headlines, whether for operational performance issues or reports of perpetual financial distress. It may therefore be more than a coincidence that the UK government has chosen now to introduce new rules for the special administration regime (SAR) that applies to water companies. In common with other…
Bankruptcy filings reveal that investors have been left with hundreds of millions of dollars of losses after the British telehealth startup, which was founded by Ali Parsa, had sold its U.K. arm for around $620,000. © 2022 Bloomberg Finance LP British digital health startup Babylon Health went public in June 2021 at a $4.2 billion…
Chantelle is yet to turn 25 and she’s already declared bankruptcy. The Gen Zer, who works full-time for an energy company and earns $60,000 [Australian, approximately $39,000 USD] a year, was forced to declare bankruptcy after finding herself $75,000 [Australian, approximately $48,000 USD] in debt and unemployed. Chantelle’s very open about her debts and recently…
Fisker is poised to break ground in the EV market, just not the way it wanted to. As the electric-vehicle startup founded by millionaire car designer Henrik Fisker teeters on the verge of bankruptcy, no one is quite sure what will happen to the roughly 6,000 vehicles already delivered to customers since June 2023. If…
Coinshares Backed FlowBank Declared Bankrupt Following FINMA Decision Cryptonews Read the original article here
The Port of Eilat declared bankruptcy due to an 85% drop in activity from Houthi attacks on Red Sea shipping, seeking aid from the Israeli government. Israel’s southern Port of Eilat declared bankruptcy due to a lack of commercial activity. The economic impact of Houthi strikes on Red Sea shipping led to an 85% drop…
KUALA LUMPUR, Aug 29 — The family of Altantuya Shaariibuu has filed for Abdul Razak Baginda to be declared bankrupt after he failed to pay them RM9.2 million. The family is seeking this amount after a civil court ruling in 2022 ordered Razak and three others to pay them RM5 million plus interest, according to…
Central Bank confirms DBZ insolvency – Zambia diggers.news Read the original article here
There are a variety of ways that someone with out-of-control debts can deal with the situation by going insolvent. Bankruptcy is only one of those options, yet it is the most recognised. The threat of losing your home, the public admission of money troubles, and that trip to court have all created the stigma that…
Collins Realty declared insolvent, employees owed over $200k Warwick Daily News Read the original article here