The competent local court in Halle (Saale) appointed Lucas F. Flöther, name partner of the law firm Flöther & Wissing, as provisional insolvency administrator. Flöther plans to continue business operations and is reviewing the restructuring options. “Day-to-day business will continue at all locations, production and deliveries to customers will run without interruption,” emphasized the provisional insolvency administrator. Flöther and his team are already on site and will inform around 585 employees about the situation this morning. Their wages and salaries are secured for three months through the insolvency substitute benefits. “This gives us…

The competent local court in Halle (Saale) appointed Lucas F. Flöther, name partner of the law firm Flöther & Wissing, as provisional insolvency administrator. Flöther plans to continue business operations and is reviewing the restructuring options. “Day-to-day business will continue at all locations, production and deliveries to customers will run without interruption,” emphasized the provisional insolvency administrator. Flöther and his team are already on site and will inform around 585 employees about the situation this morning. Their wages and salaries are secured for three months through the insolvency substitute benefits. “This gives us…

Fears that a drop in Bitcoin (CRYPTO: BTC) to $74,000 would push Michael Saylor‘s Strategy (NASDAQ:MSTR) toward bankruptcy are largely misplaced, according to fresh analysis.

What Happened: In a recent post on X, market commentator Bull Theory pointed out that Strategy now functions primarily as a Bitcoin treasury company.

It holds about 672,497 BTC, valued near $58.7 billion at current prices, against roughly $8.24 billion in total debt.

Even if Bitcoin fell to $74,000, those holdings would still be worth about $49.8 billion, well above the company’s liabilities.

Forced Liquidation Fears Misunderstand Strategy’s Debt Structure

Strategy does not use margin loans, its Bitcoin is not pledged as collateral, and there are no price-based…

School bookseller Education Works has been placed into voluntary administration.

Andrew Sallway, Said Jahani and Matthew Donnelly of Grant Thornton were appointed administrators of the company and its eight related businesses on Wednesday 25 July. The Education Works group consists of the Wooldridge retail stores, Jacaranda Educational Supplies, the Elizabeth Richards direct mail business and the Fotoworks school photography business.

Grant Thornton said in a statement that ‘due to insufficient funding being available to continue to employ the staff, approximately 85 employees at the group will be made redundant’. The administrators said, however, that they…

As the calendar flips to a new year, it’s an ideal time to take stock of your financial profile. For many, the last few years have been tough financially, especially when it comes to debt. U.S. household debt hit a record high of $18.59 trillion in the third quarter of 2025. Individual borrowers are saddled with nearly $105,000 in consumer debt, according to Experian, including…

A struggling national pharmacy chain accused of owing its locums £670,000 in unpaid fees has been hit with an application to place the business into insolvency proceedings.

Jhoots Chemist, which trades under the name of Jhoots Pharmacy, was named in a high court application to appoint an administrator, submitted on Monday by Lloyds Bank.

The move comes after the company – which has run more than 100 outlets – was criticised in the autumn by MPs for not paying locum pharmacists who had worked at the company’s branches on a freelance basis. The chain is run from Walsall in the West Midlands by a businessman called Sarbjit Singh Jhooty.

In an urgent parliamentary debate about the status of the group in October, MPs raised concerns…

Credit card debt has gotten out of hand lately, and that’s not to mention how expensive it’s become. The total credit card debt in the U.S. is now sitting at $1.23 trillion, reflecting an increase of $24 billion compared to the third quarter of 2025 alone. And, the average interest rate on those credit cards? That sits at over 21%, nearly double the rate seen five years ago. So, it doesn’t take…

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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…

The National Company Law Tribunal (NCLT) at Indore has held that a personal guarantor can invoke insolvency proceedings against himself or herself under the Insolvency and Bankruptcy Code once a default occurs, even if the lender has not invoked the personal guarantee. A coram of Judicial Member Brajendra Mani Tripathi and Technical Member Man Mohan Gupta said that Section 94 allows…