Trio of factors keeps lid on personal bankruptcies – The Australian
Trio of factors keeps lid on personal bankruptcies The Australian Read the original article here
Hero Electric faces insolvency as bidders invited, probe ongoing
Amidst robust growth of electric two-wheelers, India’s first electric scooter maker Hero Electric is up for insolvency resolution under IBC (Insolvency and Bankruptcy Code), with the resolution professional (RP) inviting prospective bidders for the now bankrupt company. The Expression of Interest (EOI) from prospective bidders for the company was floated on February 18 and is…
Nikola files for bankruptcy. Meet the other failed EV startups
Image: Dustin Franz/Bloomberg (Getty Images) Lordstown Motors was founded in 2018 by Steve Burns, the former CEO of a small commercial vehicle maker named Workhorse Group (WKHS), who saw an opportunity when General Motors needed to sell its Lordstown, Ohio, manufacturing plant. The automaker began negotiating with Burns under pressure from President Trump, who promoted…
Bristol debt recovery business which didn’t hand over money is shut down
Encore Capital Group Inc Ltd cold-called businesses and potential customers and then collected debts which they did not fully hand over. In some instances, they falsely claimed to be regulated by the Financial Conduct Authority (FCA). The company was shut down following a winding up hearing at the High Court in London on 25 February…
Most Read: Flying Taxi Startup Faces Insolvency – Again; Self-Driving Taxis Gain Momentum in Tokyo – IoT World Today
Most Read: Flying Taxi Startup Faces Insolvency – Again; Self-Driving Taxis Gain Momentum in Tokyo IoT World Today Read the original article here
NCLAT sets aside insolvency case against Cafe Coffee Day's parent company – domain-b.com: The first online Indian business magazine
NCLAT sets aside insolvency case against Cafe Coffee Day’s parent company domain-b.com: The first online Indian business magazine Read the original article here
Zachry Holdings: Path to exit bankruptcy cleared as court confirms plan – San Antonio Express-News
Zachry Holdings: Path to exit bankruptcy cleared as court confirms plan San Antonio Express-News Read the original article here
Dolphin Cove ‘safe’ even as connected company appears headed for bankruptcy | Business
Marine park operator Dolphin Cove Limited says it is business as usual, even as the company that owns World of Dolphins (Barbados) is set to go through corporate restructuring and insolvency procedures. Dolphin Cove Jamaica features five dolphin habitats spread between Montego Bay, St James; and Ocho Ríos, and Puerto Seco and Moon Palace in…
KTM Avoids Bankruptcy – Australian Motorcycle News
Creditors owed 3.3 billion dollars approve restructuring plan, production to recommence next month A large crowd gathered today at the regional court in Ried im Innkreis, Austria, for the creditors’ meeting concerning KTM AG’s financial future. The session, which began at 9 a.m., attracted nearly 100 attendees, including journalists and key KTM executives such as…