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Insolvency

All articles tagged with #insolvency

Build A Rocket Boy Enters Administration Amid £61.8M Debt and MindsEye Flop
gaming17 days ago

Build A Rocket Boy Enters Administration Amid £61.8M Debt and MindsEye Flop

Edinburgh-based studio Build A Rocket Boy has officially entered administration following the disastrous launch of its debut title, MindsEye. The company, founded by former Grand Theft Auto executive Leslie Benzies, faces insolvency with £61.8 million in creditor debt and a £36.2 million net loss. After multiple rounds of layoffs and internal disputes over management and alleged sabotage, the studio is now under the control of administrators who will determine whether it is sold or liquidated.

via BBC|
#build-a-rocket-boy#gaming#insolvency
YT Industries Reopens US Operations After 2025 Insolvency
industry-news22 days ago

YT Industries Reopens US Operations After 2025 Insolvency

YT Industries has officially relaunched its US operations, ending a period of financial instability that began with insolvency in July 2025. Founder Markus Flossmann acquired the brand in November 2025 and has since rebuilt the infrastructure to support US customers. The company now offers its full mountain bike lineup, including the Capra, Jeffsy, Izzo, Decoy, and Tues, along with replacement parts and dedicated technical support. The Avinox-powered Decoy X Launch Edition is currently available, with the core model range expected to arrive in November. This move follows a period where US customers faced limited access to bikes and warranty support, which the company has now resolved by establishing a new Customer Care team.

via Pinkbike|
#industry-news#insolvency#markus-flossmann
US insolvency alarms spur calls for gold and real estate hedges in portfolios
economy2 months ago

US insolvency alarms spur calls for gold and real estate hedges in portfolios

New Treasury financial statements show federal liabilities far outstrip assets, with unfunded Social Security and Medicare gaps pushing total obligations well above $136 trillion. Economists warn the U.S. is effectively insolvent and warn of a fiscal catastrophe, even as currency-issuing power remains. The piece advocates diversification into hard assets like gold (with talk of upside to $10,000/oz) and real estate via fractional platforms, plus gold IRAs and professional planning to shield retirement funds. In short, the article urges portfolio diversification and hedges against potential dollar depreciation while noting the ongoing policy limits and risks.

via Yahoo Finance|
#economy#fiscal-catastrophe#gold-investing
Spiders to Close After 18-Year Run Amid Publisher Insolvency
news5 months ago

Spiders to Close After 18-Year Run Amid Publisher Insolvency

The French RPG studio Spiders, known for GreedFall and Steelrising, is reportedly shutting down after 18 years as parent company Nacon faces insolvency and cannot find a buyer; staff are scrambling to find new jobs, equipment is being liquidated, and GreedFall 2: The Dying World’s troubled development is cited as part of the broader mismanagement surrounding the studio’s collapse.

via Kotaku|
#greedfall-the-dying-world#insolvency#nacon
Studio Kai Faces Insolvency While Umamusume Remains A Popular Hit
business6 months ago

Studio Kai Faces Insolvency While Umamusume Remains A Popular Hit

Studio Kai, the animation studio behind Umamusume: Pretty Derby, reported a net loss of about 248 million yen for its seventh consecutive year, pushing total losses to roughly 565 million yen (~$3.5 million) and signaling insolvency. Fans expect its parent, ADK Holdings (owned by Krafton), to bail them out, despite the studio’s recent high-profile titles and strong Blu-ray sales. Krafton bought ADK for about 75 billion yen in 2025, raising questions about accounting and the business dynamics sustaining such losses amid hit series.

via kotaku.com|
#adk-holdings#business#insolvency
Social Security Trust Fund Nears Insolvency, Urgent Reform Urged
business7 months ago

Social Security Trust Fund Nears Insolvency, Urgent Reform Urged

Seeking Alpha warns the Old Age and Survivors Insurance Trust Fund could be depleted by fiscal year 2031, with the annual deficit widening due to demographics, high cost‑of‑living adjustments, and revenue‑reducing policy changes. If no action is taken, benefits could be cut by about 24% across the board, impacting roughly 70 million retirees and risking broad economic strain, prompting calls for bipartisan reform similar to the 1983 Social Security Act overhaul.

via Seeking Alpha|
#business#deficit#insolvency
KTM Parent Company Enters Insolvency to Restructure Debt
business1 year ago

KTM Parent Company Enters Insolvency to Restructure Debt

Pierer Mobility, the parent company of KTM, Husqvarna, and GasGas, has declared insolvency due to financial difficulties stemming from slowing sales and overstock issues. The company plans to undergo judicial restructuring with self-administration to reorganize and secure its future. This process aims to agree on a reorganization plan with creditors within 90 days, involving significant production cuts and stock adjustments. Despite the financial crisis, KTM continues to innovate and release new models, with a focus on emerging stronger post-restructuring.

via Racer X Online|
#business#insolvency#ktm