Tag #Bankruptcy

Showing 37 to 48 of 119 results

elmundo.es
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Northvolt Bankruptcy: A Setback for European Battery Industry

Swedish battery producer Northvolt declared bankruptcy with €8 billion in debt, jeopardizing the EU's plans for a domestic electric vehicle battery industry due to insufficient production and reliance on Chinese components despite receiving over €10 billion in public and private investment.

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48% Bias Score

Industry, Innovation, and Infrastructure
theglobeandmail.com
🌐 90% Global Worthiness
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Northvolt's Bankruptcy Jeopardizes $7 Billion Quebec Megafactory

Northvolt AB, a Swedish electric vehicle battery maker, declared bankruptcy, jeopardizing its $7-billion Quebec megafactory and leaving 5,000 jobs at risk due to insufficient funding, despite significant investments and government backing.

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40% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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Bankruptcy's Impact on Credit Card Debt: Discharge Conditions and Alternatives

Chapter 7 bankruptcy typically eliminates unsecured debts like credit cards; Chapter 13 involves a repayment plan; however, fraudulent activity or abuse of credit may prevent discharge, and bankruptcy impacts credit reports for 7-10 years.

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44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Bankruptcy and Credit Card Debt: When It Works and When It Doesn't

Chapter 7 and Chapter 13 bankruptcies can eliminate or significantly reduce credit card debt, but recent luxury purchases or fraudulent activity may prevent discharge; the bankruptcy remains on credit reports for 7-10 years.

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44% Bias Score

Reduced Inequality
t24.com.tr
🌐 85% Global Worthiness
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Turkish Industrial Sector Faces Crisis Amidst Inflationary Pressures

Turkey's industrial sector faces severe challenges due to government policies aimed at lowering inflation, leading to a competitiveness crisis and a surge in bankruptcies, according to TIM head Mustafa Gültepe, who calls for policy adjustments to prevent economic instability.

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48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Half of English Councils Face Bankruptcy Without Urgent Funding Reform

England faces a £4.6bn local government deficit, with 43% of councils risking bankruptcy by March 2026 unless systemic funding issues are addressed, according to the National Audit Office. This follows years of austerity and a temporary fix for special educational needs funding.

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48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Spirit Airlines Exits Bankruptcy, Plans Upscale Travel Options

Spirit Airlines emerged from Chapter 11 bankruptcy on Wednesday, having finalized a debt restructuring plan that converts $795 million of debt into equity and includes a $350 million equity investment, aiming to improve profitability and competitiveness after years of losses stemming from the pandem...

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44% Bias Score

Decent Work and Economic Growth
liberation.fr
🌐 85% Global Worthiness
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Northvolt's Bankruptcy Exposes Europe's Battery Production Weakness

Swedish electric vehicle battery manufacturer Northvolt declared bankruptcy on March 12th, 2024, due to financial difficulties stemming from rising capital costs, geopolitical instability, and supply chain disruptions, highlighting Europe's struggle to compete in battery production.

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40% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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Stopping Wage Garnishment: Legal Options and Debt Relief

Wage garnishment, a legal process where employers withhold employee earnings to pay debts, can be challenged via court objection, debt negotiation, bankruptcy filing, or financial hardship claims, offering legal protection and debt relief options.

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32% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Star Entertainment Averts Collapse, but Future Hinges on $940 Million Refinancing

Star Entertainment narrowly avoided collapse after selling its Brisbane casino stake for $35 million, securing a short-term loan, but its future depends on a $940 million refinancing proposal, which is not guaranteed.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Star Entertainment Faces Imminent Bankruptcy

Star Entertainment Group, Australia's largest casino operator, is teetering on the brink of bankruptcy, facing a Friday deadline to secure a liquidity proposal to avoid insolvency, potentially impacting 8000 jobs and major tourism revenue in NSW and Queensland.

Progress

48% Bias Score

Decent Work and Economic Growth
npr.org
🌐 75% Global Worthiness
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Party City Declares Bankruptcy, Closing Stores Nationwide

Party City, a once-thriving party supply chain, filed for bankruptcy in 2023 due to the rise of online retailers, a helium shortage impacting sales, high debt, and the impact of the COVID-19 pandemic, resulting in the closure of its stores nationwide.

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44% Bias Score

Responsible Consumption and Production

Showing 37 to 48 of 119 results