Budget airline Bonza has entered voluntary administration after it left hundreds of travellers stranded at major airports across the country. On Tuesday morning, Bonza passengers departing the Sunshine Coast, Gold Coast, Melbourne and Avalon arrived to find their flights cancelled. Bonza CEO Tim Jordan said the move was “temporary” and discussions were “underway regarding the…
DetailsIsraeli insurtech company Sproutt has declared insolvency less than three years after raising funding at a $200 million valuation. Last week, Sproutt submitted a request to the District Court in Tel Aviv to initiate proceedings due to its insolvency and its inability to pay a $2.2 million debt to Bank Leumi. Sproutt, established in October…
DetailsCentury Support Services is a debt settlement company based in Pennsylvania. The Better Business Bureau accredited it with an A+ rating. It offers free assessments so that consumers can see if the solution will work for their needs. They boast a 94% customer satisfaction rating. Century Support Services makes our list of the best debt…
DetailsLONDON — German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done all that he reasonably could do to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors nearly 50 million pounds ($62.5 million) he owed, but Chief Insolvency…
DetailsLow-cost Australian airline Bonza has entered voluntary administration after just over 12 months in the air. On Tuesday morning, Bonza abruptly temporarily suspended all its services as discussions are currently underway regarding the ongoing viability of the business. The airline, which commenced official operations on January 31, 2023, describes itself as Australias new and only…
DetailsCouncils declaring bankruptcy Since 2018 8 council have declared bankruptcy including 4 in the past 15 months which are, Woking, Nottingham, Birmingham and Thurrock. Almost 1 in 10 councils in England have warned that they will go bankrupt in the next 12 months due to financial trouble. A survey based on 160 responses from 128…
DetailsAfter paying off around $20,000 in credit card debt six years ago, Shonnita Leslie hasn’t used a credit card since. “I was more than happy to cut them up,” the 40-year-old tells CNBC Make It. But she didn’t always feel that way. Growing up, Leslie’s mom “loathed” credit cards, she says. Leslie began receiving credit…
DetailsTennis legend Boris Becker has been discharged from bankruptcy court in London after a judge found the German had done “all that he reasonably could do” to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors in full, but Chief Insolvency and Companies Court Judge Nicholas Briggs said on…
DetailsGerman tennis star and coach Boris Becker has been discharged from bankruptcy thanks to a successful appeal to an insolvency court. The six-time Grand Slam champion was declared bankrupt in 2017 with total debts of around 50 million. The court would sentence Becker to jail time after he was found to have hidden assets from…
DetailsHard-up Katie Price has come up with a new plan to get the money rolling in – flogging personalised messaged to fans for an eye-watering amount. The mum-of-five was declared bankrupt for a second time earlier this year over an unpaid six-figure tax bill The former glamour model, who was also announced as insolvent in…
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