Article content
Business insolvency filings in Canada hit their largest third-quarter volume in 15 years, with 1,312 companies teetering on the brink of going under.
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.
Galera Therapeutics sidesteps liquidation, acquires New York biotech company – The Business Journals
Galera Therapeutics sidesteps liquidation, acquires New York biotech company The Business Journals Read the original article here
‘A bit of a catchup:’ Bankruptcies took off like a rocket in 2024 MSN
Read the original article here
Business insolvency filings hit their largest third-quarter volume in 15 years
Article content
Article content
On a yearly basis, such filings also rose in every province but New Brunswick and Newfoundland and Labrador from Oct. 31, 2023, to Oct. 31, 2024. Ontario led…
Read the original article here
(Dec 31): Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations.
The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding.
“Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” the Bruchsal, Germany-based firm said.
The electric vertical takeoff and landing (eVTOL) industry is facing a financial crunch, with companies persistently seeking new investments to support their capital-intensive operations as companies prepare for commercial…
Read the original article here
No Cookies
To use this website, cookies must be enabled in your browser. 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. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally”…
Read the original article here
Jay Leno has suffered a series of injuries in recent years that have left him looking worse for wear, and Bill Maher wants to know if there is something more going on than simple clumsiness.
On the latest episode of Maher’s Club Random podcast, the Real Time host touched on Leno’s most recent accident in November when the former Tonight Show host fell down a hill while staying at a hotel in Pennsylvania, and was later spotted with a black eye and badly bruised face.
Read the original article here
Jay Leno has suffered a series of injuries in recent years that have left him looking worse for wear, and Bill Maher wants to know if there is something more going on than simple clumsiness. On the latest episode of Maher’s Club Random podcast, the Real Time host touched on Leno’s most recent accident in November when the former Tonight Show host fell down a hill while staying at a hotel in Pennsylvania, and was later spotted with a black eye and badly bruised face. “Did you see what the Enquirer said about your spill?” Maher asked Leno. “Well, it’s a conspiracy theory, since you’ve had three accidents, that you actually have gambling debts, and you’re being beaten up by the mob.” Leno smiled before responding, “I…
Read the original article here
Read the original article here
The Reserve Bank of India (RBI) has laid down certain broad principles for lenders relating to their participation in Government Debt Relief Scheme (DRS), including sacrifice of interest and/or prinicpal and loan account status.
This comes in the backdrop of States announcing DRS to provide relief to borrowers such as farmers during natural calamities or political parties promising the same for a targeted segment of borrowers in the run up to elections.
The central bank also shared a model operating procedure (MOP) relating to Government DRS with the State Governments. This includes pre-notification consultation with the State Level Bankers’ Committee (SLBC)/ District level Consultative Committee (DCC), funding and design of the…
Read the original article here
Budget cost rises could lead to more firms going bust, warn experts The Mirror
Read the original article here
Galera Therapeutics sidesteps liquidation, acquires New York biotech company The Business Journals
Read the original article here
To use this website, cookies must be enabled in your browser. 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. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
Read the original article here
Bensons Property Group in Administration: Bensons Property Group, a leading property developer in Australia, has officially entered voluntary administration amidst the growing challenges in the construction sector. This development has raised concerns among stakeholders, including employees, creditors, and future homeowners. Here’s everything you need to know about what this means, why it happened, and what’s next for the company and its projects.
Bensons Property Group in Administration
| Aspect | Details |
|---|---|
| Company | Bensons Property Group |
| Reason for Administration | Rising interest rates, increased construction costs |
| Impact | No redundancies planned; projects to continue |
| Administrator | Korda Mentha |
| Development… |