German Social Care Facility Files for Insolvency Amidst Funding Dispute
The Bodelschwingh-Haus in Wolmirstedt, Germany, filed for insolvency due to the Saxony-Anhalt state government terminating a contract, leaving increased personnel and material costs unfunded; however, services for over 400 people will continue.
German Social Care Facility Files for Insolvency Amidst Funding Dispute
The Bodelschwingh-Haus in Wolmirstedt, Germany, filed for insolvency due to the Saxony-Anhalt state government terminating a contract, leaving increased personnel and material costs unfunded; however, services for over 400 people will continue.
Progress
36% Bias Score
Austrian Investor Benko Jailed in Asset Concealment Case
Austrian real estate investor René Benko was remanded in custody in Vienna on Friday following his Thursday arrest in Innsbruck, facing accusations of concealing assets from creditors and authorities during his personal insolvency proceedings, which involves alleged misappropriation of funds and ass...
Austrian Investor Benko Jailed in Asset Concealment Case
Austrian real estate investor René Benko was remanded in custody in Vienna on Friday following his Thursday arrest in Innsbruck, facing accusations of concealing assets from creditors and authorities during his personal insolvency proceedings, which involves alleged misappropriation of funds and ass...
Progress
48% Bias Score
Görtz Faces Second Insolvency Due to Investor Dispute
Görtz, a Hamburg retailer, is in a second insolvency proceeding due to unpaid rent and an investor's €1.3 million payment default, jeopardizing employee salaries and the company's future, with ongoing legal battles and brand-rights complications.
Görtz Faces Second Insolvency Due to Investor Dispute
Görtz, a Hamburg retailer, is in a second insolvency proceeding due to unpaid rent and an investor's €1.3 million payment default, jeopardizing employee salaries and the company's future, with ongoing legal battles and brand-rights complications.
Progress
40% Bias Score
Derbyshire Parish Council Faces Bankruptcy, Potential Criminal Charges
An external report reveals the Elmton with Creswell Parish Council in Derbyshire is effectively bankrupt, faces potential criminal proceedings against its councillors, and owes over \£230,000 to Bolsover District Council in addition to a \£3 million government loan, all due to "large and systemic fa...
Derbyshire Parish Council Faces Bankruptcy, Potential Criminal Charges
An external report reveals the Elmton with Creswell Parish Council in Derbyshire is effectively bankrupt, faces potential criminal proceedings against its councillors, and owes over \£230,000 to Bolsover District Council in addition to a \£3 million government loan, all due to "large and systemic fa...
Progress
56% Bias Score
German Pellets Insolvency Trial Nears End with Plea Bargain
A plea bargain in the German Pellets insolvency trial could let the former CEO avoid prison if convicted; the deal hinges on accepting November 15, 2015, as the insolvency date, dropping earlier charges; investors lost about €260 million.
German Pellets Insolvency Trial Nears End with Plea Bargain
A plea bargain in the German Pellets insolvency trial could let the former CEO avoid prison if convicted; the deal hinges on accepting November 15, 2015, as the insolvency date, dropping earlier charges; investors lost about €260 million.
Progress
36% Bias Score
Volocopter Files for Insolvency, Seeks Investors to Secure Future
The German electric air taxi manufacturer Volocopter, employing 500 people, filed for insolvency on December 26th, 2023, seeking investors to finalize market entry, facing challenges in securing funding and EASA certification despite technological advancements and a competitive position.
Volocopter Files for Insolvency, Seeks Investors to Secure Future
The German electric air taxi manufacturer Volocopter, employing 500 people, filed for insolvency on December 26th, 2023, seeking investors to finalize market entry, facing challenges in securing funding and EASA certification despite technological advancements and a competitive position.
Progress
40% Bias Score
Varta Restructuring Approved, Shareholders Lose Investments
A German court approved Varta's restructuring plan under the StaRUG act, resulting in the loss of all investments for roughly 200,000 shareholders, while securing €100 million in fresh capital for the company to avoid bankruptcy.
Varta Restructuring Approved, Shareholders Lose Investments
A German court approved Varta's restructuring plan under the StaRUG act, resulting in the loss of all investments for roughly 200,000 shareholders, while securing €100 million in fresh capital for the company to avoid bankruptcy.
Progress
36% Bias Score
Record Surge in UK Business Distress Amid Falling Consumer Confidence
UK businesses in critical financial distress jumped 50% in the last quarter of 2024 to 46,583, fueled by HMRC's tougher tax stance and falling consumer confidence amid rising costs and economic uncertainty.
Record Surge in UK Business Distress Amid Falling Consumer Confidence
UK businesses in critical financial distress jumped 50% in the last quarter of 2024 to 46,583, fueled by HMRC's tougher tax stance and falling consumer confidence amid rising costs and economic uncertainty.
Progress
32% Bias Score
Görtz Files for Insolvency Again
Görtz, a Hamburg-based shoe retailer founded in 1875, has filed for insolvency for the second time this year, after a previous restructuring in July 2023 that aimed to save 650 jobs, leaving the future of its remaining 30 stores uncertain.
Görtz Files for Insolvency Again
Görtz, a Hamburg-based shoe retailer founded in 1875, has filed for insolvency for the second time this year, after a previous restructuring in July 2023 that aimed to save 650 jobs, leaving the future of its remaining 30 stores uncertain.
Progress
40% Bias Score
Signa's Hamburg Properties Sold for "385 Million
Three prime Hamburg properties previously owned by the insolvent Signa Group—the Kaufmannshaus ("165 million), Alsterarkaden ("130 million), and a Gänsemarkt plot ("90 million)—were sold to new investors, resolving financial issues and enabling the completion of stalled development projects. The cit...
Signa's Hamburg Properties Sold for "385 Million
Three prime Hamburg properties previously owned by the insolvent Signa Group—the Kaufmannshaus ("165 million), Alsterarkaden ("130 million), and a Gänsemarkt plot ("90 million)—were sold to new investors, resolving financial issues and enabling the completion of stalled development projects. The cit...
Progress
36% Bias Score
Lilium Receives €200 Million Lifeline
Insolvent German electric aircraft manufacturer Lilium will receive €200 million in funding from an investor consortium to reach market readiness, pending legal approvals; the purchase price of Lilium's assets remains undisclosed.
Lilium Receives €200 Million Lifeline
Insolvent German electric aircraft manufacturer Lilium will receive €200 million in funding from an investor consortium to reach market readiness, pending legal approvals; the purchase price of Lilium's assets remains undisclosed.
Progress
36% Bias Score
Aussie Home Builder's Collapse Jeopardizes \$1.5 Billion in Projects
Australian home builder Bensons Property Group (BPG) entered voluntary administration, jeopardizing 1,337 apartments worth \$1.5 billion across three states; the company aims to continue trading to protect stakeholders and complete projects.
Aussie Home Builder's Collapse Jeopardizes \$1.5 Billion in Projects
Australian home builder Bensons Property Group (BPG) entered voluntary administration, jeopardizing 1,337 apartments worth \$1.5 billion across three states; the company aims to continue trading to protect stakeholders and complete projects.
Progress
56% Bias Score