Tag: insolvency

JUST IN | Thomas Cook Collapses Leaving Over 150,000 Stranded

Reading Time: < 1 minute Thomas Cook, a British tour operator, has filed for insolvency. After the Company’s stakeholders and proposed new money providers did not succeed in reaching mutual agreement, the company “had no choice but to take steps to enter into compulsory liquidation with immediate effect”. This failure is considered to be the biggest ever of the UK […]