bankruptcy

Challenges for Dutch Restaurants as They Prepare for Christmas Dinners amid Continuing Pandemic Struggles

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Challenges for Dutch Restaurants as They Prepare for Christmas Dinners amid Continuing Pandemic Struggles

ANPPreparations for Christmas dinner in restaurant NOS Nieuws•vandaag, 16:06 Roeland Müller Economics Reporter Roeland Müller Economics Reporter Dutch people are going out to eat again, including this Christmas. Yet many restaurants have barely recovered from the corona pandemic, according to research by ABN Amro. High costs of food and personnel reduce profits. More than half … Read more

Rudy Giuliani Files for Bankruptcy and Faces 136 Million Euro Damages: Trump’s Lawyer in Legal Trouble

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Rudy Giuliani Files for Bankruptcy and Faces 136 Million Euro Damages: Trump’s Lawyer in Legal Trouble

ANPRudy Giuliani NOS Nieuws•vandaag, 20:13 Trump’s former lawyer and former New York mayor Rudy Giuliani has filed for bankruptcy. He was sentenced last week by an American jury to pay damages of approximately 136 million euros. By filing for bankruptcy, Giuliani wants to gain protection from creditors and have time to appeal the mega fine. … Read more

Will Elon Musk destroy the X platform and push it into bankruptcy? – Arabic 21

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Will Elon Musk destroy the X platform and push it into bankruptcy? – Arabic 21

Since his purchase of the global platform “X” (formerly “Twitter”), its American owner, Elon Musk, has been constantly arousing controversy after the exciting decisions he has taken since arriving at the platform’s management. In his latest controversial actions, Musk launched a scathing attack on advertisers boycotting the James Clayton, BBC technology correspondent in North America, … Read more

Standard & Poor’s adjusts Bahrain’s outlook to stable amid deficit concerns – CNN Economic

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Standard & Poor’s adjusts Bahrain’s outlook to stable amid deficit concerns – CNN Economic

On Friday, Standard & Poor’s credit ratings agency revised the outlook for the Kingdom of Bahrain’s economy from positive to stable, indicating spending pressures that may push the fiscal deficit to a wider range than previously expected. According to Reuters, Standard & Poor’s maintained its rating at (B/B+) for Bahrain, and said it expects the … Read more

WeWork Requests Payment Deferment, Aims to Avoid Bankruptcy and Restart

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WeWork Requests Payment Deferment, Aims to Avoid Bankruptcy and Restart

EPAA cyclist at a WeWork location in Paris NOS Nieuws•vandaag, 10:42 The internationally operating office rental company WeWork has requested a deferment of payment. The company, which was founded in 2010 in the United States, was estimated to be worth $47 billion in 2019. With a restructuring, WeWork hopes to avoid bankruptcy and make a … Read more

WeWork: Bankruptcy Filing and SoftBank Investment Losses

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WeWork, a new startup backed by SoftBank, filed for bankruptcy protection in the U.S. court on Monday (6th). Due to WeWork’s poor operating model and poor financial health, the shared office empire WeWork collapsed due to huge debts and huge losses. , and became a black hole for SoftBank’s investment losses. Shared office operator WeWork … Read more

Bankruptcy of Hipp Catering Employment Agency in Heerlen due to Unpaid Payroll Taxes: Owner Marc Jaspers Shares Challenges Faced during Covid-19

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Bankruptcy of Hipp Catering Employment Agency in Heerlen due to Unpaid Payroll Taxes: Owner Marc Jaspers Shares Challenges Faced during Covid-19

Marc Jaspers is the owner of the Hipp catering employment agency in Heerlen. He was declared bankrupt last week. “The recovery of payroll tax has proven to be a major problem for me,” says Jaspers. “For me, this also has to do with significantly changed circumstances.” With government support, Jaspers kept about 150 people on … Read more

Vacansoleil Bankrupt: Travel Organization Faces Economic Crisis

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Vacansoleil Bankrupt: Travel Organization Faces Economic Crisis

By our economics editors Sep 28, 2023 at 3:20 PM Update: 14 minutes ago The East Brabant court has declared Vacansoleil bankrupt, the travel organization reports. The bankruptcy follows the deferment of payment, which the company applied for on Tuesday. According to Vacansoleil, it is working on a solution for customers who are currently or … Read more

Rising Bankruptcy Rates: The Impact of Expensive Energy, High Interest Rates, and Corona Debt

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Rising Bankruptcy Rates: The Impact of Expensive Energy, High Interest Rates, and Corona Debt

Sep 26, 2023 at 10:18 am Credit insurer Atradius expects that many companies will go bankrupt this year and next. As many as 52 percent more companies may go bankrupt by 2023. Companies are struggling with expensive energy, high interest rates and the corona debt they have to pay off. In 2021, 1,818 companies went … Read more

Delaware Judge Approves Sale of FTX Cryptocurrency Assets to Pay Creditors

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Delaware Judge Approves Sale of FTX Cryptocurrency Assets to Pay Creditors

A Delaware district judge has ruled that bankrupt exchange FTX can sell its cryptocurrency assets to pay off creditors’ claims. This is reported by The Block. The company in August presented a plan to the court to “sell, stake and hedge” more than $3 billion in digital currencies. During the hearing, Judge John Dorsey approved … Read more