Bangkok THAI Airways International Pcl, the nation’s flagship carrier, got court approval for its business restructuring on Monday. The Central Bankruptcy Court decided that the airline can proceed with its business reorganisation plan, a crucial step forward for the embattled company, which has around 350 billion baht (S$15.3 billion) of debt, according to Chansin Treenuchagron,…
Online service SoloSuit wants to help Americans who are being sued for a debt fight back using automated tools. The company, which is launching its service nationwide today at TechCrunch Disrupt 2020, guides users through preparing a response to their lawsuit, optionally having a consumer protection attorney look over the entire document on their behalf,…
The low down According to the OECD, the UK economy will shrink by 11.5% this year and by as much as 14% in the event of another lockdown. Unsurprisingly, the government has rushed through legislation to avert a deluge of corporate insolvencies, pushing it through parliament in just six weeks. It moves UK law closer…
Century 21, New Yorks famed discount department store, has declared bankruptcy and will likely close all of its stores. According to a report byBloomberg, the company announced its fate after insurance providers refused to pay approximately $175 million USD in claims under business interruption policies, coverage retailers have sought to offset losses caused by the…
TORONTO & BROSSARD, Qubec–(BUSINESS WIRE)–Bitfarms Ltd. (Bitfarms, or the Company) (TSXV:BITF) is providing an update with respect to its previously issued press release dated August 20, 2020, in which it disclosed that it had reached an agreement with Dominion Capital LLC (Dominion) to amend certain terms and conditions of two of its US$5,000,000 loan tranches.…
AOP > Explore > Senegalese President Macky Sall Is Right About African Debt Relief And the G20 Shouldnt Stop There By NJ Ayuk, Executive Chairman, African Energy Chamber on September 14, 2020 Flatten the curve. Do you remember that phrase? It was on everyones lips back in the spring, when the novel coronavirus (COVID-19) pandemic…
Kerkez / Getty Images Debt consolidation loans aren’t bad if they help you lower your interest rate or free up your cash flow. Options abound for small business owners who are seeking debt consolidation loans, but only those with strong financials and a good credit score are eligible for an SBA loan or a bank…
Despite the warm reception from business for the government’s rescue plan, the state’s 412,000 sole traders must wait several more days to see the details of the relief planned for them. The government said it was putting the final touches to the “complex” task of developing a support package for such a large and diverse…
There has been some development on the controversial subject involving former Liberal MP Raj Grewal and the gambling addiction he previously confessed in a video. RCMP made it clear last Friday that the official faces criminal charges to the likes of breach of trust and fraud over CA$5,000. His gambling habits created the need for…
A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. The global aviation sector was plunged into crisis by the pandemic as countries severely restricted travel, forcing airlines to ground vast numbers of planes and seek government help as…