You could face a tax bill if your debt is forgiven—here’s what you need to know – CNBC

Roughly one in three Americans have delinquent debt according to recent data fromTheUrban Institute. At 16%, medical debt makes up the highest percentage of debt delinquency, but consumers also default on student loans, auto loans and credit card debt. If someone’s debt is so large that making payments becomes unmanageable (or if paying off the…

Equestrian Australia enters administration after withdrawal of Sports Australia funding – Australasian Leisure Management

Peak body Equestrian Australia has been placed in voluntary administration by its board in a bid to avoid insolvency. In what has been described as a “difficult decision, Equestrian Australia says the move follows the withdrawal of funding by Sports Australia – reportedly due to due to poor governance – and the impact of COVID-19…

Court appoints administrators to oversee Yingli restructure pv magazine International – pv magazine International

The Chinese solar panel making division of the debt-saddled company appears likely to be broken up after admitting creditors will take controlling stakes in its business units following the successful petition of a court in Hebei province. June 10, 2020 Max Hall The company says employees will not be affected by the restructure. Image: Yingli…

The interplay between arbitration and insolvency | International Financial Law Review – International Financial Law Review

In AnAn (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Company) [2020] SGCA 33, the Singapore Court of Appeal (the Singapore Court) recently grappled withan issue of paramount importance where a creditor seeks to recover a debt arising under a contract containing a clause which provided that disputes would be determined through arbitration (arbitration…