Here are 12 well-known companies that went bankrupt in 2024
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Pakistan former PM Nawaz Sharif’s son declared bankrupt by London High Court
London — Hasan Nawaz Sharif, who is the son of former prime minister Nawaz Sharif, has been declared bankrupt by the London High Court, according to the court papers. Hasan has been declared bankrupt in a tax and liability case of the UK government’s tax and revenue department, Geo News understand. The official UK Gazette,…
Going bankrupt on purpose to avoid high loan repayments – Free Malaysia Today
Going bankrupt on purpose to avoid high loan repayments Free Malaysia Today Read the original article here
EV startup Canoo files for bankruptcy and ceases operations
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also…
Canoo Inc. files for Chapter 7 bankruptcy, ceases operations
OKLAHOMA CITY (KOKH) — Canoo Inc. has filed for Chapter 7 bankruptcy, marking the end of its operations. The filing was made with the U.S. Bankruptcy Court for Delaware, leading to the appointment of a Bankruptcy Trustee to oversee the liquidation of the company’s assets and distribution of proceeds to creditors. Despite being American-made, successfully…
Canoo Inc. Announces Chapter 7 Bankruptcy Filing
JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) — Canoo Inc. (Nasdaq: GOEV), (the “Company”), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal…
Insolvency department warns of bankruptcy abuse to evade debt repayments – New Straits Times
Insolvency department warns of bankruptcy abuse to evade debt repayments New Straits Times Read the original article here
Man posing as a barrister and personal insolvency practitioner fails to attend sentencing
A judge has issued a bench warrant after a man who defrauded about 1,200 people while posing as a barrister and personal insolvency practitioner failed to turn up for his sentence. David Williams (67), with an address in Lacken, Blessington, Co Wicklow, pleaded guilty to multiple sample counts of deception on dates between January 2019…
The cleantech companies that didn’t make it through…
Richmond, California–based Moxion Power laid off 101 workers in June and shuttered its doors, following a wave of hype for its 75-kilowatt portable lithium-ion batteries that it hoped would replace diesel generators. The company attracted more than $110 million in funding from investors including Tamarack Global, Amazon, Microsoft, and Energy Impact Partners. Lesson: Lithium-ion batteries continue…
FSG Nobiskrug in negotiations with potential investors amid insolvency – SuperYacht Times
FSG Nobiskrug in negotiations with potential investors amid insolvency SuperYacht Times Read the original article here