July 7, 2021 - Insolvency Guardian

Van Hollen, Cardin Urge Education Department to Expand Debt Relief for Student Loan Borrowers | US Senator Chris Van Hollen of Maryland – Senator Chris Van Hollen

Debt HelpBy Insolvency Guardian July 7, 2021

July 07, 2021 U.S. Senators Chris Van Hollen and Ben Cardin (both D-Md.) joined Senator Patty Murray (D-Wash.), chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, and 20 of their Senate colleagues in urging Secretary of Education Miguel Cardona to expand student debt relief in the Departments upcoming higher education rulemaking. In…

Struggling to pay off your credit card debt? Consolidating it could help you get rid of it faster – CNBC

Debt HelpBy Insolvency Guardian July 7, 2021

This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. Credit card debt can be frustrating and feel impossible to pay off. Not to mention, it’s also expensive: The average credit card interest rate…

NCLAT allows withdrawal of OYO insolvency case – Mint

LiquidationBy Insolvency Guardian July 7, 2021

The National Company Law Appellate Tribunal (NCLAT) has allowed the withdrawal of the ongoing insolvency case against its subsidiary OYO Hotels and Homes Private Ltd.(OHHPL), and in effect closing the proceedings against the company. OYO in a statement said that it will continue to work closely with its hotel partners for the closure of any…

Gambling adverts: should they stay or should they go? – The BMJ

GamblingBy Insolvency Guardian July 7, 2021

Henrietta Bowden-Jones, founder and director1, Adrian Crossley, head2 1National Centre for Behavioural Addictions, CNWL NHS Trust, London. 2Addiction and Criminal Justice Policy Unit, Centre for Social Justice, London, UK Correspondence to: H Bowden-Jones [email protected] The case for reform grows stronger A YouGov poll published in June 2021 of 12247 adults and 2513 children suggested that…

MACCO Restructuring Group Managing Director, Adam K. Joseph, Assumes Role as President, Nevada Chapter, of the Turnaround Management Association – Business Wire

RestructuringBy Insolvency Guardian July 7, 2021

HOUSTON–(BUSINESS WIRE)–Adam K. Joseph, Managing Director of MACCO Restructuring Groups Las Vegas, Nevada office (MACCO) has become the President of the Nevada Chapter of the Turnaround Management Association (TMA). The TMA is a professionally diverse organization with almost 10,000 members worldwide in 54 Chapters whose focus is corporate restructuring, renewal, and corporate health. The Nevada…

China refutes West’s ‘debt trap’ claim, vows to continue to help Africa – Global Times

Debt HelpBy Insolvency Guardian July 7, 2021

SOURCE/ECONOMY China refutes Wests debt trap claim, vows to continue to help Africa By Global Times Published: Jul 07, 2021 06:43 PM China’s Foreign Ministry spokesperson Wang Wenbin. Photo: VCG China will continue to work with African countries and the international community to implement the Initiative on Partnership for Africa’s Development and continue efforts to…

NCLAT closes insolvency proceedings against Oyo and its subsidiary – Business Standard

BankruptcyBy Insolvency Guardian July 7, 2021

NCLAT has closed proceedings for insolvency of Oyo’s subsidiary Oyo Hotels and Homes Private Limited and allowed Oyo’s plea for setting aside the Insolvency and Bankruptcy Code case against OHHPL. TopicsNCLAT|Oyo|OYO Hotels & Homes Neha Alawadhi | New Delhi Last Updated at July 7, 2021 15:44 IST The National Company Law Appellate Tribunal (NCLAT) on…

NCLAT allows withdrawal of Oyo insolvency case in setback to hoteliers – Economic Times

BankruptcyBy Insolvency Guardian July 7, 2021

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed withdrawal of the Oyo insolvency case, in a major setback to scores of hoteliers who had filed claims against Oyo Hotels & Homes basis the proceedings. The order was passed in the matter concerning Oyo and hotelier Rakesh Yadav. Oyo reached an out…

Opus Restructuring & Insolvency announces new Scottish partner – Insider.co.uk

RestructuringBy Insolvency Guardian July 7, 2021

Opus Restructuring & Insolvency has appointed George Dale as its new partner in Scotland. The company established an initial presence in the country with the appointment of Mark Harper as partner earlier this year. Dale will open an office at 23 Melville Street, Edinburgh, later this month, with a view to developing the firm’s restructuring…

Sanjeev Gupta confirms financing of ‘prospective’ invoices – The Australian Financial Review

RestructuringBy Insolvency Guardian July 7, 2021

But Mr Greensill, who also refused to appear before the business committee, has acknowledged offering future receivables programs to clients. The committee had asked Mr Greensill to answer written questions on the nature of the schemes but is yet to release his response. The UKs Serious Fraud Office is investigating suspected fraud at GFG Alliance…

Daily Archives: July 7, 2021