A new federal rule will block credit agencies from including medical debt in their reports on individuals, the Biden administration announced on Tuesday.

The rule represents the culmination of a broader administration effort to help the millions of Americans who owe money because they got sick or injured, were treated and then couldn’t pay their bills either because they didn’t have insurance or couldn’t cover their out-of-pocket costs.

Kamala Harris has championed the cause of helping people with medical debt, both as vice president and as the Democratic nominee for president in last year’s election.

On Tuesday ― less than 24 hours after presiding over certification of Donald Trump’s win in the 2024 presidential election ―…

On the heels of the insolvency process in Germany, Forward AM discontinued its activities in the US. The announcement first came from one of the company’s employees on LinkedIn.

According to Jeremy Vos who announced he will land soon in a new venture, there is a possibility that the company will open back up its office throughout this year. In the meantime, the US market will be served from the headquarters in Germany.

As a reminder, Forward AM would enter the final insolvency stage on February 1st if it is deemed to have sufficient assets to cover the costs of the insolvency proceedings. Ongoing discussions with key stakeholders aim to shape a plan for the future of the business. The long-term goal is expected to address the…

The company behind Manchester-based spirits brand Didsbury Gin has gone into liquidation owing close to £200,000 to creditors.

Founded in 2017 by Mark Smallwood and Liam Manton the business won £75,000 of investment after appearing on BBC TV’s Dragons Den, with former Dragon Jenny Campbell taking a third of the business in 2018.

Gareth Howarth from Path Business Recovery has been appointed liquidator of Alderman’s Drinks Ltd, trading as Didsbury Gin.

Didsbury Gin (photo by Jack Kirwin -JK Photography)

The company owed NatWest £64,885 as a Bounce Back Loan and £126, 864 to trade creditors including Greencroft Bottling who are owed £40,657.

In 2019 the business secured £100,000 in funding from NPIF-FW Capital…

Acticor Biotech announced on Monday that the Paris Commercial Court had ordered the company’s compulsory liquidation last Thursday.

“Despite all our efforts over the last few months, we have not succeeded in refinancing the company within the timeframe set by the court-ordered receivership procedure”, explains CEO Dr. Gilles Avenard.

In view of this court decision, Acticor Biotech’s shares will not be listed again, and an application will shortly be made to Euronext to delist them, says the company in a brief press release.

The biotech, which wanted to develop a high-potential…

Volocopter GmbH filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on 26 December 2024.

The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator.

Volocopter is a pioneer of urban air mobility (UAM), developing safe, quiet, and sustainable all-electric vertical take-off and landing (eVTOL) aircraft and a digital backbone that connects aircraft, infrastructure, and operators, the VoloIQ. Founded in 2011, the start-up company is nearing the finish line to obtain aircraft type certification and launch its urban eVTOL, the VoloCity.

The company aims…

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