Life insurance startup
Sproutt See full company profile
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.
The request could not be satisfied.
Request blocked.
We can’t connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner.
If you provide content to customers through CloudFront, you can find steps to troubleshoot and help prevent this error by reviewing the CloudFront documentation.
Generated by cloudfront (CloudFront) Request ID: Hqyczp9SSscdd0e4kYHFrvPHAHQrqLv1eRb3f4nTnIU23V3kdfOv0w==
Read the original article here
Busy Bee Airways Challenges Go First Liquidation NDTV Profit
Read the original article here
US corporate bankruptcies have surged to their highest levels since the aftermath of the global financial crisis, as persistently high interest rates and weakened consumer demand place severe pressure on struggling businesses. At least 686 companies filed for bankruptcy in 2024, an 8% increase from the previous year and the highest number since 2010, according to S&P Global Market Intelligence.
Out-of-court restructuring efforts aimed at avoiding insolvency have also risen, outpacing formal bankruptcies two-to-one, Fitch Ratings reported. These liability management exercises often delay rather than solve underlying operational challenges, leaving many…
Read the original article here
Olivia Demetriades & Chris Slegg
BBC News, London
BBC“We are dealing with a predatory industry here, they are putting money over lives.”
Tracy O’Shaughnessy wants to see the end of gambling adverts, a mission spurred on after her husband got £85,000 in debt.
“Gambling ads are normalised and as an affected other (someone who experiences negative impacts or harm as a result of someone else’s behaviour), I find it really triggering. I sit there and I think it’s not fun, it’s ruined my life,” she said.
In her local area of Merton there isn’t any escape either, as Tracy says there are seven betting shops on her high street.
A gambler for more than 30 years, Tracy said her husband must…
Read the original article here
Gambling: Wife calls to ban ads after husband’s £85k debt BBC
Read the original article here
Franchisee of a National Pizza Chain Goes Bankrupt, Shuts Down Locations MSN
Read the original article here
Busy Bee Airways, which has challenged the liquidation of grounded carrier Go First, on Friday informed the insolvency appellate tribunal NCLAT that it will try to reach out to the lenders concerned. It also told the National Company Law Appellate Tribunal that it is ready to acquire Go First as a going concern as it still has valuable assets and a license from the Directorate General of Civil Aviation (DGCA) to operate.
Travel portal EaseMyTrip’s co-founder Nishant Pitti is the majority shareholder in Busy Bee Airways.
Meanwhile, counsel appearing from the liquidator of Go First has agreed to file the minutes of the 37th meeting of the Committee…
Read the original article here
Company insolvencies fall in December 2024 – how can directors mitigate against personal liability? Cumbria Crack
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors MSN
Read the original article here
“>
has declared insolvency.
Recently, Sproutt submitted a request to the District Court in Tel Aviv to initiate insolvency proceedings due to its inability to pay a debt to an Israeli bank and other suppliers, according to a report by Calcalist.
Founded in 2017, Sproutt raised $38 million to sell life insurance online and notable backers include MS&AD and Guardian Life. The startup,…
Read the original article here
Joanna Fantozzi
Oath Pizza — the Boston-based, fast-casual pizza brand —declared Chapter 7 bankruptcy on Oct. 22 and will be liquidating its assets one year after closing all of its corporate locations. The Next Level Pizza-owned small chain estimated that it had under $500,000 in assets, and was up to $50 million in debt.
Oath Pizza was founded on Nantucket Island in 2015, and over the next couple of years, had become a promising emerging chain. The company secured $4.5 million in funding in 2016, and announced a strategic partnership with Aramark in 2018, with plans to accelerate growth across the Northeast, particularly on college campuses, especially through franchising. Oath Pizza distinguished itself from other fast-casual…