insolvency
Coverage of insolvency in the Nexus archive.
- German battery maker Varta files insolvency applications
German battery maker Varta has filed insolvency applications. The company's financial troubles are highlighted by the insolvency filings.
- FIR against former Go First board for alleged fraud over post-insolvency ticket sales
A FIR has been filed against the Go First board for alleged fraud related to ticket sales after insolvency. The legal action focuses on fraudulent activities following the company's financial collapse.
- Social Security’s insolvency is No. 1 issue, says Sen. Bill Cassidy
Sen. Bill Cassidy warns that Social Security is nearing insolvency and proposes reforms to address the issue, which he identifies as the top priority. He notes that insolvency could lead to a 22 to 25 percent reduction in benefits.
- Social Security insolvency is ‘entirely solvable,’ says commissioner under Biden
The commissioner under Biden states that Social Security insolvency is entirely solvable, though the solution is simple but won't be easy.
- Social Security faces insolvency in 2032, when it would pay only 78% of benefits
Social Security is projected to face insolvency in 2032, paying only 78% of benefits. The program, which supports over 70 million retired workers and people with disabilities, is under pressure from the One Big Beautiful Bill Act passed last year.
- Jeweler Claire’s to Shut All UK Stores After Latest Insolvency
Jeweler Claire’s has announced the closure of all its UK stores following the latest insolvency. The decision reflects ongoing financial challenges for the brand in the region.