Nikola goes bankrupt, to sell assets in latest EV market turmoil – Reuters
Nikola goes bankrupt, to sell assets in latest EV market turmoil Reuters Read the original article here
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 'nuisance cold calls' – SussexWorld
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 ‘nuisance cold calls’ SussexWorld Read the original article here
Surging construction insolvencies bankrupt housing targets
In the 2023-24 financial year, a record 3,000 construction firms in Australia were declared bankrupt (insolvent). New data from ASIC suggests that construction insolvencies have worsened in 2024-25. In the first seven months of this financial year, 1,999 construction firms were declared insolvent. This was 26% higher than the same period in 2023-24 (1,583) and…
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 'nuisance cold calls' – Eastbourne Herald
Boss of Sussex company banned from being director for 4 years after firm made more than 900,000 ‘nuisance cold calls’ Eastbourne Herald Read the original article here
Monthly Insolvency Statistics: January 2025
After seasonal adjustment, 1,971 companies became insolvent in January 2025, up 6% from December 2024 and 11% from January 2024. After three years, the average absolute change between consecutive months has been 12%. After declining in the early 2000s, company insolvencies soared during the 2008-09 crisis. Government support measures during the COVID-19 epidemic in 2020…
Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement
The suspended directors of embattled edtech firm Byju’s have approached the bankruptcy appeals court to prevent its creditors from deciding on a ₹158 crore settlement with India’s cricket board. Byju’s Committee of Creditors (CoC) includes opposing lenders US-based Glas Trust Llc. and Aditya Birla Finance. Riju Raveendran, a former director of Byju’s and younger brother of founder…
Elon Musk warns America will go ‘bankrupt’; criticises high trade deficit
DOGE head Elon Musk hit back at the criticism faced by Democrats over DOGE cuts and blamed the bureaucracy for the criticism for not allowing the implementation of presidential orders. File | Photo Credit: Reuters Tesla CEO and DOGE head, Elon Musk, criticised the current state of U.S. spending, saying that an average citizen in the…
Business insolvencies increase by 6%
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…
“America Will Go Bankrupt…”: Elon Musk Criticises High Trade Deficit, Expenditure Of Tax Money | Economy News
Washington, DC [US]: Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country “should be mad as hell” over the expenditure of the tax money. In an interview with Fox News telecast on Tuesday (local time), Musk said that US President Donald Trump…
Lilium’s future still unclear as insolvency filing pushed back | News
Would-be electric air taxi developer Lilium Aerospace appears to have won a stay of execution and has postponed filing for insolvency on the promise that desperately needed investment will arrive next week. The Munich-based company had warned staff on 13 February that it would be forced to apply for insolvency within 24h if it had…