8 February 2023, 04:57 PM
Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
DebtBook, a software provider for government and nonprofit treasury teams, has a new debt management tool.
The company’s Sizing feature, announced Tuesday (Feb. 25), lets treasury departments structure, compare and analyze their financing options in-house.
“Traditionally, government and nonprofit treasury teams have had limited access to the tools necessary to model new debt issuances in-house,” DebtBook said in a news release.
“With DebtBook’s Sizing feature, treasury teams can structure new money issues, compare financing scenarios, and layer proposed issues into their existing debt portfolio — all within the same platform they use for ongoing debt management.”
According to the release, the Sizing feature lets…
Read the original article here
German eVTOL developer Lilium Aerospace has filed for insolvency for the second time after a planned investor rescue failed to materialize.
The company, which initially filed for insolvency in October 2024, had hoped to secure a €200 million (US$210 million) investment from a group of European and North American investors under the Mobile Uplift Corporation consortium. The funding, once described by Lilium as a “major breakthrough,” never arrived, forcing the company to file for insolvency again on Feb. 21.
“While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely and therefore, operations will be stopped,” the company stated.
Meanwhile, Lilium employees…
Read the original article here
The
National Bank of Ukraine (NBU) declared JSC Forward Bank, owned by Russian
citizen Rustam Tariko, to be insolvent, the central bank reported on Feb. 8.
The NBU took this decision due to the irreversible deterioration of the bank’s financial condition.
The bank has been considered problematic since Nov. 24, 2022…
Read the original article here
coloradoan.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use.
Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on coloradoan.com
Read the original article here
Carolyn Geason-Beissel/MIT SMR | Getty Images
Technical debt is an anchor, dragging down business leaders’ efforts to run a tight ship. The accumulated costs and effort from IT development shortcuts, outdated applications, and aging infrastructure sap a company’s ability to innovate, compete, and grow.
A degree of technical debt is inevitable. To remain agile, businesses often choose to deploy new technologies as quickly as possible, knowing that they may have to pay to fix their systems later. Addressing this trade-off is becoming more critical as companies adopt artificial intelligence. With over $2.41 trillion in annual costs in the United States alone, tech debt…
Read the original article here
News | Crafts chain Joann now plans to shut all its stores in liquidation CoStar Group
Read the original article here
Beyond Meat is seeking $250 million from investors to help pay off billion-dollar debt RFD-TV
Read the original article here
Read the original article here
Lilium faces second bankruptcy as funding deal collapses AviTrader
Read the original article here
Joann to Close All Stores Following Second Bankruptcy MSN
Read the original article here
Tesla to acquire parts of insolvent German parts maker Manz Reuters
Read the original article here
Iconic bankrupt retailer closes all 800 stores in liquidation TheStreet