Blue Cycle, a groundbreaking plastic recycling company based in Heerenveen, Netherlands, has declared bankruptcy. Established in late 2022, the company made headlines as the first in the nation to convert plastic waste into oil, offering an innovative solution to the growing plastic waste crisis. However, despite its technological success, Blue Cycle succumbed to mounting…
Company declared insolvent after liquidation The Press Read the original article here
Previously, we shared the latest statistics from the Malaysia Department of Insolvency (MdI), which revealed that a whopping 31,387 individuals in our country have been declared bankrupt since 2020, a majority of which (49.11%) were due to personal loans. Now, MdI director-general Datuk M Bakri Abd Majid revealed that among those who are insolvent are…
Audrey and Eddie Buckham worked hard and saved all their lives. They were still both working in 2020, Audrey as an administrator for the NHS and Eddie as a dispatch driver, when Eddie started to lose weight. He underwent medical investigation and for months doctors couldn’t establish what was wrong. Then, in October 2020, Eddie…
German air taxi manufacturer Volocopter on Monday said it had filed for bankruptcy at the Karlsruhe District Court, days after one of its close competitors was saved from collapse. However, the company said it was still seeking investors and planned to press ahead with its plan to enter the commercial air taxi market. Why is…
The tribunal noted that even in cases where the corporate debtor is not facing insolvency or liquidation proceedings before the NCLT, an application under section 95 may be made against the personal guarantor The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where the National…
CreditorWatch chief economist Ivan Colhoun said businesses were facing the same cost pressures as consumers, including higher electricity, insurance and rental costs. “Together with some greater caution in discretionary spending and softness in interest-rate-sensitive sectors of the economy, this unsurprisingly has led to higher voluntary business closures and some rise in insolvencies,” he said. Loading…
The owner of the beauty brand Avon in the UK, Europe and Latin America has filed for bankruptcy as it tries to off-load more than $1bn of debt, including millions of dollars in liabilities linked to lawsuits alleging that talc in its products caused cancer. Avon Products Inc (API), a subsidiary of Brazil’s Natura which…
1. SWAMIH Fund Enables Completion of 50,000 Stalled Homes Date: January 25, 2025 The SWAMIH Investment Fund I has emerged as a transformative initiative in India’s real estate sector, delivering over 50,000 homes to buyers by providing last-mile funding to stalled housing projects. This government-backed fund aims to revive delayed projects and boost buyer confidence…
Boris Becker has been declared bankrupt over a debt outstanding since October 2015. Lawyers for the three-times Wimbledon winner pleaded with a bankruptcy court registrar in London on Wednesday for “a last chance” to pay a long-standing debt. However, registrar Christine Derrett, who recalled watching him play, said it was “with regret” she had concluded…