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.
STAFFORD, Texas, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Money Management International (MMI), a leading nonprofit organization dedicated to helping Americans
Jay Leno took quite the tumble back in November, falling down a 60-foot hill outside a hotel in Pennsylvania that led to a broken wrist and significant bruising all over his face. Of course, with the internet and tabloids being what they are, speculation ran rampant that it wasn’t a fall that caused Leno’s injuries, but rather the mafia, who came to collect on some gambling debts. Now, the 74-year-old is setting the record straight, saying that’s nothing more than a conspiracy theory.
Appearing on Bill Maher’s Club Random podcast (seen below), Leno was asked if he’d heard about the ridiculous theories surrounding not just his most recent accident, but the 2022 gas fire incident that left him with serious burns. The…
In the past two years, at least five Michigan counties have worked with a non-profit to help erase some residents’ medical debt.
The counties partner with the group Undue Medical Debt. They subsidize that group’s work in buying up medical debt at a fraction of the initial cost, forgiving it, and notifying residents that they’ve done so.
Wayne and Oakland counties recently announced they’re already wiped out about $36 million in medical debt for potentially tens of thousands of residents. Ingham, Kalamazoo, and Muskegon counties are also running similar programs with Undue Medical Debt, previously known as RIP Medical Debt.
Karley Abramson, a researcher with the Citizens’ Research…
Bruchsal, Germany, 30 December 2024 – 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…
STAFFORD, Texas, Dec. 30, 2024 (GLOBE NEWSWIRE) — Money Management International (MMI), a leading nonprofit organization dedicated to helping Americans overcome financial challenges, challenges consumers to make 2025 the year they take control of their finances and work towards being debt-free.
With the holiday season behind us and financial challenges such as inflation and rising costs persisting, now is the time to assess financial health and take the first steps toward achieving long-term stability.
“The holidays are over. Now it’s time to survey the damage,” said Jesse Campbell, Manager of Content and Engagement at MMI. “Don’t panic. Instead, come up with a realistic plan to tackle debt. At MMI, we’re here to…
Insolvencies and restructuring could rise further over the start of 2025 as firms face more increased cost pressures, industry experts have warned.
Restructuring bosses have cautioned that impending cost rises linked to the autumn Budget could particularly weigh on the retail, hospitality and care sectors.
It comes after official figures pointed towards an uptick in insolvencies at the end of this year.
Homebase hired administrators in November (Steve Parsons/PA)
Company insolvencies lifted by 13% in November compared with the previous month, although they were lower year-on-year, according to the Office for National Statistics.
DIY and garden retailer Homebase was among firms to collapse into administration in November.
Flying taxi startup Volocopter said today it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse.
“Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement, adding that the filing was made on December 26.
The company, founded in 2011, is now on the hunt for investors, and court-appointed administrator Tobias Wahl said that the aim was “to develop a restructuring concept by the end of February”.
Volocopter had been aiming to enter the market in 2025 with its two-seater “Volocity” electric air taxi model.
China Development Bank vs Doha Bank OPSC and others, 2024 LiveLaw (SC) 1029
Ram Kishor Arora, Suspended Director of Supertech Ltd. vs. Union Bank of India & Anr., Company Appeal (AT) (Insolvency) No. 406 of 2022 & Interlocutory Application No.6557 of 2024
Harpal Singh Chawla (Suspended Director of Spaze Towers Pvt. Ltd.) Versus Vivek Khanna & Ors., Interlocutory Application No.7853 of 2024 in Company Appeal (AT) (Insolvency) No. 2002 of 2024
Mr. Rakesh Kumar Jain vs. M/s ADTV Communications Private Limited, Company Appeal (AT) (Insolvency) No. 849 of 2023 & I.A. No. 2894, 2895 of 2023
Dinesh Kumar Versus Narendra Kumar Sharma & Ors., Company Appeal (AT) (Insolvency) No. 1422 of 2024
Flying taxi startup Volocopter said Monday it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse.
“Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement, adding that the filing was made on December 26.
The company, founded in 2011, is now on the hunt for investors, and court-appointed administrator Tobias Wahl said that the aim was “to develop a restructuring concept by the end of February”.
Volocopter had been aiming to enter the market in 2025 with its two-seater “Volocity” electric…
