Father disowns gambling-addicted, debt-ridden son – The Star Online
Father disowns gambling-addicted, debt-ridden son The Star Online Read the original article here
NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearing
The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which operates the Cafe Coffee Day chain, till the next date of hearing. The Chennai-based bench of the appellate tribunal stayed the operations of the NCLT order, over a petition filed by Malavika Hegde, Executive Director-CEO…
Investment company behind $25m scheme plunged into liquidation – Gold Coast Bulletin
Investment company behind $25m scheme plunged into liquidation Gold Coast Bulletin Read the original article here
How Does Debt Relief Work?
Do you feel as if you’re just not making progress on your debt, no matter how hard you try? If that’s the case, it could be time to consider your options for debt relief. The term “debt relief” can mean many different things, but the main goal of any debt relief program is usually to change…
Shanghai businessman Richard Yan declared bankrupt after New Zealand liquidators fail to track him down for hearing
The New Zealand High Court has declared Richard Yan bankrupt after the Shanghai businessman failed to come to the negotiating table in connection with more than NZ$60.9 million (US$36.6 million) he owes creditors of failed construction company Mainzeal. Associate judge Grant Brittain adjudicated Yan bankrupt on Thursday, following months of failed efforts to chase down…
Rex enters voluntary administration, grounds 737s
Rex Airlines has entered voluntary administration and suspended all flights between major airports. Photo: Mick Tsikas/AAP PHOTOS. REGIONAL Express has gone into voluntary administration and cancelled all flights between major city airports, although regional flights are operating as usual. A statement posted on Rex’s website late on Tuesday said the administration affected parent company Regional…
Higher minimum wagers at Macau casinos contribute to heightened levels of debt: Study – Asia Gaming Brief
Higher minimum wagers at Macau casinos contribute to heightened levels of debt: Study Asia Gaming Brief Read the original article here
Building boss bankrupt, company collapses – news.com.au
Building boss bankrupt, company collapses news.com.au Read the original article here
JAL seeks interim relief from NCLAT
New Delhi: Jaiprakash Associates Ltd (JAL) on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking protection from “the possibility of irreversible harm” arising from the company’s ongoing insolvency process, including an “attempt to sell” its assets. The Allahabad bench of the National Company Law Tribunal (NCLT) in June ordered initiation of corporate insolvency…
Federal appeals court rules against Biden student debt relief program | US student debt
A federal appeals court has sided with Republican-controlled states to deliver another setback to Joe Biden’s student loan relief plan designed to reduce monthly payments for millions of lower-income graduates and speed up debt forgiveness for some borrowers. A unanimous, unsigned ruling issued on Friday by three Republican-appointed judges in Missouri blocked further implementation of…