Exclusive: VanMoof explores sale under court protection because it … – The Verge

Bankruptcy

/ The company has entered a so-called suspension of payment proceeding with a court-assigned administrator helping to lead the company out of debt. All options are on the table. a:hover]:text-black [&a:hover]:shadow-underline-black dark:[&a:hover]:text-gray-e9 dark:[&a:hover]:shadow-underline-gray-63 [&a]:shadow-underline-gray-13 dark:[&a]:shadow-underline-gray-63″The VanMoof S4 e-bike, which you could still buy up until two weeks ago.

Developer bubble greenhouse bankrupt: “We were very close to … – hortidaily.com

Bankruptcy

BBBLS B.V., known for its innovative soap bubble greenhouse insulation, has been declared bankrupt. The Dutch-Norwegian start-up was close to delivering a demo greenhouse in Monster to prove how the technology works in the Netherlands. The planned festive opening of the greenhouse in Monster failed to materialize this spring. The management filed for bankruptcy itself…

Inquiry calls for shake-up of insolvency laws – Yahoo News Australia

Bankruptcy

Australia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and financial services committee released on Wednesday. “Australia’s corporate insolvency system is overly complex, difficult to access, and creates unnecessary cost…

China signals more economic aid after property debt relief – ZAWYA

Debt Help

China signalled more economic support measures are imminent after authorities took a small step toward supporting the ailing property market by extending loan relief for developers.Top state-run financial newspapers ran reports yesterday flagging the likely adoption of more property supportive policies, along with measures to boost business confidence.Earlier, financial regulators stepped up pressure on banks…

Business trusts need tougher laws during insolvency: review – The Australian Financial Review

Bankruptcy

Jul 12, 2023 6.06pm Businesses holding assets in trusts should operate under the same laws as other corporations when they fall into financial strife to better help creditors get more of the money theyre owed and sooner, a parliamentary committee has recommended. The committee made 28 recommendations, including accepting all the measures proposed in the…

Insolvency specialist Begbies Traynor sees rise of companies going bust continuing into 2024 – Yahoo Lifestyle Australia

Bankruptcy

Among the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino. (David Davies/ PA) (PA Wire) Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump. Profit…

Accountant allegedly defrauded clients of $26 million to fund gambling addiction – Sydney Morning Herald

Gambling

Normal text sizeLarger text sizeVery large text size Sydney accountant Benjamin Carter allegedly misused his position at a brewery owned by NRL star Nathan Cleary and UFC star Tai Bam Bam Tuivasa as part of a $26 million fraud all to feed his pathological gambling addiction. Carters pregnant partner, herself accused of covering up the…