Lars Windhorst’s Tennor Holding declared bankrupt
Company that borrowed billions from investors collapses into insolvency over unpaid Dutch tax
Company that borrowed billions from investors collapses into insolvency over unpaid Dutch tax

Creditors owed more than £2bn have made allegations of fraud at insolvent business

Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn

Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar

Japan’s Marelli saw debts pile up as key customers Nissan and Stellantis struggled

Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default

Head of trade finance provider says some lenders made out handsomely before car parts company imploded