Company insolvencies on track for 14-year annual high after December rise Evening Standard
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By Leslie A. Pappas · August 15, 2024, 5:17 PM EDT
The convicted founder of drugmaker Insys has told Delaware’s Chancery Court he agreed to accept a $175 million judgment as part of a settlement with the company’s liquidation trust over his…
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A recent string of financial troubles in residential construction companies has shown that the building industry is anything but bulletproof.
So, for anyone about to sign on the dotted line or currently in the building process, it can pay to know what to do in these tough situations and what your rights are depending where you live.
A range of factors have created the perfect storm for the demise of builders in the country, says lawyer Jennifer Dizon, of commercial litigation and insolvency firm Hicks Oakley Chessell Williams.
“A large number of builders have faced economic distress due to significant increases in interest rates and cost of materials, labour shortages and supply-chain issues,” Ms Dizon said.
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Rex flies to 56 destinations including many in regional Australia such as Port Macquarie, Coffs Harbour, Orange, Dubbo and Albury in NSW, Mount Gambier in South Australia, Burnie and Devonport in Tasmania, Cairns and Mt Isa in Qld and Mildura in Victoria.
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How might Ukraine’s war effort go bankrupt? Developments over the past few weeks recall the words of Ernest Hemingway: “Two ways. Gradually, then suddenly.”
Should that prove true, it will spell bad news not only for those insisting on an unconditional Ukrainian victory, but also for those pressing for a diplomatic settlement of the conflict.
The gradual part is already well underway. The U.S. Congress’s decision to pass a “clean” stopgap spending bill over the weekend to fund our government for another 45 days — bowing to pressure from some GOP members to strip Ukraine aid from the bill — is the latest sign of how quickly the political tide has begun to turn. Such a vote would have been unthinkable last December, when…
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Rex Airlines enters voluntary administration ABC News
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How WeWork Went From $47 Billion Unicorn to Bankrupt Penny Stock The Wall Street Journal
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Rex Airlines enters voluntary administration Lismore City News
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Shared office space company WeWork filed for bankruptcy late Monday, joining a crowded list of high-profile companies to go under recently, as 2023 heads toward becoming the second-busiest year for bankruptcies in more than a decade.
WeWork filed for bankruptcy Monday, becoming the latest high-profile firm to go under.
WeWork’s filing for Chapter 11 bankruptcy protection put a bow on its dramatic fall from a $47 billion valuation to a below $50 million valuation, but arguably the most impactful string of bankruptcies came in the traditional banking and digital asset sectors.
SVB Financial, parent company of the failed Silicon Valley Bank, filed for bankruptcy in March, becoming the largest…
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Rex Airlines enters voluntary administration Moree Champion
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Former high-flying start-up WeWork has filed for bankruptcy, marking a fresh low for the co-working company that struggled to recover from the pandemic and its failed initial public offering in 2019.
WeWork, the SoftBank Group-backed start-up whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.
WeWork at Harris Street, Sydney. Credit: Edwina Pickles
The move represents an admission by SoftBank, the Japanese technology group that owns about 60 per cent of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey leases in…
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Popular drinks company Billson’s collapses The North West Star
