Volocopter GmbH, a pioneer in the field of urban air mobility, is facing an uncertain future. On December 26, 2024, the company filed an application with the Karlsruhe District Court to open insolvency proceedings, which have now been officially initiated. Despite these financial turbulences, Volocopter continues to focus on successful restructuring and the continuation of…
How AI can transform insolvency in digital age Business Daily Read the original article here
Darts star and two-time Lakeside World Championship finalist Mervyn King has admitted he’s worried about losing his home after being declared bankrupt Mervyn King has been declared bankrupt(Image: Getty Images) Darts star Mervyn King is facing losing his home and his three dogs after being declared bankrupt. King, 58, is a World Championship, Matchplay and…
Birmingham City Council’s financial crisis has had far-reaching and unprecedented consequences on residents Jean Cross, who is campaigning to save Harborne Day Centre, a pile of bin bags in a Birmingham street and campaigners rallying against cuts(Image: Nick Wilkinson/Birmingham Live) For many Brummies, summer 2022 felt like the start of a new chapter for their…
A technology entrepreneur repeatedly nominated for the Brisbane lord mayor’s businessperson of the year award headed a company that may have traded while insolvent, a liquidator says. The liquidator’s black eye comes as the Queensland government cancels a stalled $15 million cybersecurity contract awarded to entrepreneur Jamie Wilson’s technology outfit Cryptoloc just before last year’s…
Small businesses struggling in Australia’s sluggish economy continue to fight an uphill battle in 2025, as data shows late payments to small and medium-sized enterprises (SMEs) have surged to their highest level in four years, choking their finances and in some cases triggering bankruptcy. Larger businesses are taking longer to pay small businesses, dragging out…
A darts star is worried he could lose his home after being declared bankrupt The player has revealed that he now owes £500,000 to the taxman By JEORGE BIRD Published: 10:41 AEDT, 9 March 2025 | Updated: 10:42 AEDT, 9 March 2025 A darts star is concerned that he could lose his home after being…
Darts star declares bankruptcy and fears losing his home Daily Mail Read the original article here
The company behind the REDcycle plastic waste scheme has been declared insolvent, leaving supermarket giants Coles and Woolworths with mountains of plastic waste to deal with. The Australian Council of Recycling says the REDcycle failure is just the tip of the iceberg and that a whole of system approach is needed. Guest: Suzanne Toumbourou, CEO…
AN increase in bankruptcies among civil servants is anticipated following the recent enforcement actions by the Malaysian Anti-Corruption Commission (MACC) against a financial consultancy syndicate. Datuk M. Bakri Abd Majid, the director-general of the Malaysian Department of Insolvency, indicated that civil servants who have taken out “unusual” bank loans are likely to default once the…