#financial-distress

#financial-distress

Ratcliffe, who injected £300 million ($407.4m) of his own money into the club, said in March that United were in significant financial difficulties. "In super-simple terms, the club has been spending more money than it's been earning now for the last seven years, and it ends in a very difficult place," Ratcliffe said. "And for Manchester United, that place ended at the end of this year, the end of 2025, with the club running out of cash."

Frontier Airlines is looking to capitalize on its rival's financial woes. The budget carrier announced 20 new routes on Tuesday, with some fares as low as $29. They include key Spirit Airlines hubs like Fort Lauderdale, the beleaguered carrier's home base. Starting in late November, Frontier said it will fly from Fort Lauderdale to Baltimore, Charlotte, Dallas/Fort Worth, Detroit, Chicago, and Houston.

"Our data shows that the path to insolvency converges significantly on the later stages of a person's working life and beyond."

Several franchisees in and around Long Island, NY are expressing their displeasure with Dickey's Barbecue Pit after they say they were misled and promised profits that never arrived.

Altogether, Limestone owes $381,405 to 281 students, according to a report submitted to the South Carolina Commission on Higher Education by a consulting firm managing the university's assets.

Judge John O'Connor has informed the board of directors that the company has sought the appointment of an examiner. The company, Prime Steak Restaurant trading as Fade Street Social, owes Revenue €1.7 million 'and maybe more' and is unable to pay its debts. Dessie Morrow of Azets Ireland has been appointed as examiner for the company's affairs and will provide a special report to Revenue regarding inter-company loans totaling almost €4.5 million.

Londoners owe 1.4 billion in unpaid council tax, an increase of 11% in just one year, emphasizing the severe impact of the ongoing cost-of-living crisis.

Vodafone's decision to terminate contracts with 12 franchisees escalates a £120 million lawsuit claiming mistreatment, including commission cuts and punitive fines.

State Farm can increase homeowner and renter insurance rates due to necessary fund stabilization as it faces over $7 billion in claims from fires.

Hudson's Bay Co. is initiating the liquidation of six remaining stores previously spared, citing a "low probability" of finding a buyer for these locations.