Local government fulfils an essential role in society. It provides fundamental services – from social care and transport to education, water and waste collection. And when it no longer can, when a council goes bankrupt, it is the most vulnerable citizens who bear the brunt of that failure. In the UK, this has been deftly…
Westpac is going to relax its policy on access to banking services for people declared bankrupt. Photo: AFP Westpac is going to relax its policy on access to banking services for people declared bankrupt. A 2022 survey undertaken by the Insolvency and Trustee Service found 49 percent of respondents faced bank account closures after being…
TALLAHASSEE – State regulators have asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry. The Florida Department of Financial Services sought to be appointed receiver for FedNat Insurance Co., which canceled 56,500 policies in May and…
Umincorp declared bankrupt Sustainable Plastics Read the original article here
Kautex Maschinenbau Declares Insolvency PlasticsToday Read the original article here
Ted Hui Self-exiled activist Agnes Chow Ting has been placed on the police wanted list. Deputy Commissioner of Police (national security) Andrew Kan Kai-yan criticized Chow’s actions, describing them as a complete disregard for law and order and highlighting her lack of integrity. He said the police will spare no effort in bringing her…
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…