Tag: Bankruptcy
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BREAKING: Virgin Atlantic files for bankruptcy
Virgin Atlantic Airway has filed for bankruptcy, as the aviation industry continues to be ravaged by the coronavirus pandemic. The Virgin Group airline filed for Chapter 15 bankruptcy in New York on Tuesday, marking the latest business casualty for the airline industry. It is the second of billionaire Richard Branson’s aviation business to file for…
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Obasanjo rings alarm bell again: Nigeria heading towards bankruptcy
Former President Olusegun Obasanjo has said Nigeria risks impending bankruptcy over the continuous accumulation of debt by the government. Obasanjo said things might get worse economically as Nigeria, as well as other African countries, kept piling up debts, saying he was worried for the future generations who would have to pay such loans. The ex-President…
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Breaking: Cambridge Analytica shuts down operations
SCL Elections and its offspring data analytics firm, Cambridge Analytic (CA), have filed applications to commence insolvency proceedings in the United Kingdom that will also affect operations of certain SCL affiliates. TheNewsGuru reports the Company is immediately ceasing all operations and the boards have applied to appoint insolvency practitioners Crowe Clark Whitehill LLP to act…