Photo Credit: First solar car Lightyear 0, Lightyear Lightyears subsidiary, Atlas Technologies B.V., was declared bankrupt Thursday morning. There is a good chance that employees will end up on the streets. Lightyear announced this Thursday afternoon. The company decided Monday morning to stop production of its first solar car, Lightyear 0, and filed for a…
DetailsQueensland brewing company Ballistic Beer Co has been put on ice as it enters voluntary administration. The beloved brewers dont plan on closing their doors for long, hoping a major restructure will help better the balance sheet. WATCH THE VIDEO ABOVE: New push for sugar tax for soft drink addicted Australians. For more Drink related…
DetailsKatie Price has opened up about the challenges she faces ahead of her bankruptcy hearing and has realised who her “real friends are” during her time of need. The mum-of-five, 44, is set to face a judge over her 3.2million bankruptcy debts next month after her previous appearance was cancelled in June. She was declared…
DetailsA popular Queensland independent craft beer brewery company has collapsed and gone into voluntary administration. Brisbane-based Ballistic Beer Company entered voluntary administration on January 24, financial watchdog ASIC records confirmed. Jason Stone and Paul Allen from the accounting firm PKF in Brisbane have been appointed as administrators. READ MORE: ‘Disgraceful’: ‘Shonky’ car park ‘fines’ lashed…
DetailsIts been a real tough month for the few but extremely innovative solar EV companies out here. Having just announced a shifting of its business strategy and a request to suspend all payments to its operating company, Lightyear has officially declared bankruptcy. Sono Motors flagship solar EV, the Sion, is staring down a similar barrel,…
DetailsGambling advertising restrictions could reduce harm Researchers from the University of Sheffield and Glasgow explored the relationship between exposure to gambling advertising and attitudes, intentions and behaviours which may be associated with an increased risk of gambling related harms Evidence showed the impact on children, young people and those already at risk from current gambling…
DetailsEast Anglian company directors are closing their businesses at a faster rate amid “insurmountable challenges”, an insolvency practitioners’ body has warned. Regional trade body R3 Eastern said corporate collapses were hitting a year-on-year high as firms faced “a perfect storm” ofeconomic turmoil and were increasingly leant on by creditors pursuing debts. Monthly statistics releasedby the…
DetailsBrisbane-based brewer Ballistic Beer Company has entered voluntary administration to give it time to restructure the business and reorganise its balance sheet before continuing operations. ASIC records show Jason Stone of accountancy and advisory firm PKF was appointed to undertake the administration. Ballistic founder and director David Kitchen told Brews News he expected the company…
DetailsResearchers from the University of Sheffield and Glasgow explored the relationship between exposure to gambling advertising and attitudes, intentions and behaviours which may be associated with an increased risk of gambling related harms Evidence showed the impact on children, young people and those already at risk from current gambling activity are more likely to be…
DetailsFederal Student Aid’s 2022 annual report said that resuming student-loan payments this year will be a “huge undertaking.” It cited the unprecedented nature of Biden’s broad debt relief and extensions of the payment pause. The agency said it will improve customer service, but borrowers are continuing to struggle with their loan servicers. Loading Something is…
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