Insolvency Guardian Media Centre
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The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in take-away food shops and mobile food stands.
The undertaking was received for six years from Michael Johnston (59) of Rathblane, Co. Antrim, in respect of his conduct as director of Rathblane Ltd (“the Company”).
The Company was involved in take-away food shops and mobile food stands with a registered office at 26 Ballymoney Road, Ballymena, BT43 5BY. The Company went into liquidation on 11 May 2022 with an estimated deficiency as regards creditors of…
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German Flying Taxi Startup Volocopter Files For Insolvency Barron’s
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The German electric vehicle takeoff and landing (eVTOL) aircraft developer Volocopter has filed for insolvency while seeking new investors to rescue the future flight project.
The CEO of Volocopter, Dirk Hoke, confirmed on December 30, 2024, that the company filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on December 26, 2024.
The court began insolvency proceedings the following day and appointed Tobias Wahl, partner and attorney at Anchor Rechtsanwältegesellschaft, as its administrator.
Wahl held a staff meeting to inform employees about the current situation and opened up Volocopter for investment opportunities.
“The company needs financing to take the…
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Listen to this articleIt can take just one win to kickstart a gambling habit.
Will Hinman’s came as a college student in the early ’90s, when he and his girlfriend at the time caught a New York Giants game. A buddy had connected Hinman with a bookie, and raising the stakes was sure to make the outing more interesting for the lifelong Cowboys fan.
Hinman says his relatively modest wins that night were the start of a decades-long career as an avid gambler. A game wasn’t worth watching if there wasn’t money on it.
He began with small amounts and maintained the practice for decades before struggles with alcoholism, major life transitions and mental health issues opened the door to far riskier behavior, eventually leading to…
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South Korea’s Delio Declared Bankrupt Amid $1.75 Billion Customer Loss Binance
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Disgraced oil tycoon OK Lim and his two children declared bankrupt The Independent
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Legislation to overhaul Australia’s student loans scheme is likely to be introduced retrospectively, with the government facing a challenging timetable to implement its changes.
Times Higher Education understands that the government intends to introduce legislation giving effect to the two major components of the reforms – new repayment arrangements, and a 20 per cent debt wipe-down – simultaneously, and possibly in the same bill.
Prime minister Anthony Albanese has said the debt reduction measure will be the first piece of legislation he introduces if he wins next year’s federal election, which must take place by 24 May. The debt reduction measure would be applied on 1 June, with the new repayment arrangements…
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OECD Working Papers on Sovereign Borrowing and Public Debt Management OECD
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More than 60 Catholic groups and individuals — including sister-supported organizations and congregations — have signed a letter urging President Joseph Biden to support an initiative promoting debt relief for low- and middle-income countries. Biden leaves office Jan. 20.
The letter — whose signatories include the Sisters of Mercy; the Maryknoll Office for Global Concerns; Pax Christi USA; and Network — asks Biden to support a new issuance of Special Drawing Rights, or SDRs, which are a reserve asset created by the International Monetary Fund.
The assets can be exchanged for hard currency, or be used to pay off debts, or can keep on countries’ balance sheets, helping them…
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Germany’s corporate insolvency surge raises economic fears MSN
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Legislation authored by experts from the University of Warwick to help resolve the debt crisis in developing countries has been scheduled for debate in Parliament.
Dr Stephen Connelly and Professor Celine Tan from Warwick Law School, along with Dr Karina Patrício Ferreira Lima from the University of Leeds’s School of Law, have drafted the proposed legislation, named the Debt Relief (Developing Countries) Bill.
The proposed laws put forward legal measures to limit recoverable bills that developing countries owe private creditors.
Such a move would support global efforts to eliminate the debt crisis in developing countries by allowing these nations to advance economically.
The bill, scheduled for a second reading in spring 2025, aims…