#insolvency

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Artificial intelligence
fromTechCrunch
2 days ago

Once worth over $1B, Microsoft-backed Builder.ai is running out of money | TechCrunch

Builder.ai is entering insolvency proceedings due to financial difficulties and leadership issues, despite significant previous funding.
The company aims to prioritize support for employees and partners during the insolvency process.
#business
Business
fromBusiness Matters
3 months ago

Insolvencies soar to 16-year high as tax hike drives bosses to close up shop

Company insolvencies surged at the year's start, reaching levels not seen since the financial crisis, driven by challenging economic conditions.
Business
fromBusiness Matters
3 months ago

Insolvencies soar to 16-year high as tax hike drives bosses to close up shop

Company insolvencies surged at the year's start, reaching levels not seen since the financial crisis, driven by challenging economic conditions.
more#business
#social-security
from24/7 Wall St.
5 days ago
Retirement

Social Security could be stabilized by taxing high earners more - is eliminating the payroll cap the answer?

Retirement
from24/7 Wall St.
5 days ago

Social Security could be stabilized by taxing high earners more - is eliminating the payroll cap the answer?

The Social Security trust fund is projected to become insolvent by 2035 without significant reforms.
US politics
from24/7 Wall St.
1 month ago

The Hard Truth About Trump's Social Security Plan

Trump's proposed changes to Social Security could inadvertently lead to benefit cuts and increased insolvency risk for the program.
more#social-security
fromSustainable Bus
3 weeks ago

Ebusco is still on the brink of insolvency due to "overdue payables exceeding its available liquidity" - Sustainable Bus

Ebusco's ability to continue operations is at risk due to overdue payables exceeding liquidity and reliance on third-party agreements for payment schedules.
European startups
#economic-trends
more#economic-trends
fromLondon Business News | Londonlovesbusiness.com
1 month ago

Business insolvency: What it is and how to protect your company - London Business News | Londonlovesbusiness.com

Insolvency can lead to severe legal consequences, such as personal liability for company debts, if directors do not act in the best interests of creditors.
Startup companies
Beer
fromEngadget
1 month ago

The rights for Tequila Works's games are up for auction after insolvency filing

Tequila Works is auctioning its intellectual property after facing insolvency due to prolonged market difficulties.
Startup companies
fromSustainable Bus
1 month ago

Quantron is out of insolvency: founder Andreas Haller has taken over the company - Sustainable Bus

Quantron emerges from insolvency proceedings with a renewed strategy and focus on resilience and profitability.
fromwww.independent.co.uk
1 month ago

Rogue trader left gaping hole' in woman's house after taking 10k deposit

David Snasdell, Chief Investigator at the Insolvency Service, remarked that Roberts had left his victim in a state of utter desperation after wrecking her home.
Renovation
Canada news
fromwww.cbc.ca
2 months ago

Hudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait | CBC News

Hudson's Bay Company faces a $950 million debt crisis amid ongoing struggles in the retail sector post-COVID.
Law
fromIndependent
2 months ago

Solicitor Anthony Joyce takes legal challenge against claims he helped bankrupt clients to hide assets

Anthony Joyce is challenging misconduct allegations through judicial review, arguing the tribunal's decision lacks merit.
fromThe Verge
6 months ago

Air taxi maker Lilium is out of money and will cease operations

Lilium's inability to secure sufficient funding, including a critical 50 million Euro loan, has led the air taxi manufacturer to file for insolvency, halting operations.
Miscellaneous
fromIrish Independent
8 months ago

Titanic builder Harland and Wolff to enter administration

"A full review of all group holdings commenced in July and has concluded that H&W Group Holdings PLC is insolvent on a balance sheet basis as per its last audited accounts and most recent management accounts."
Privacy professionals
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