It has been half a year since the government announced changes to student debt rules to build hype for the federal budget, but the legislation only became law on Tuesday night. The changes will mean some people will get a credit on their loans, while others may end up with a refund in their bank…
Table of Contents Table of Contents Ask the Chatbot a Question Student loan debt is frequently in the news as politicians debate solutions to the rising costs of college that lead to sometimes crippling amounts of debt. For those with outstanding student loans, such debt can be discharged in two ways: forgiveness and bankruptcy. As…
Deep and energising collaboration The deal has been warmly welcomed by senior executives at Standard Chartered and raised hope for future transactions of this type. Marisa Drew, Standard Chartered CSO, said: “This announcement is the result of months of deep and energising collaboration between the Government of The Bahamas, Inter-American Development Bank, The Nature Conservancy,…
Bruno Mars has had a wild career in the music business that has spanned two whole decades now. The 39-year-old has had multiple singles dominate various charts across the world, including songs like Talking to the Moon, which went viral on social media. Besides his heavenly voice that we love streaming on repeat, the pop…
New York/London CNN — Tupperware, known the world over for its plastic food storage containers, has filed for bankruptcy after years of falling popularity and financial troubles. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, president and CEO of Tupperware Brands Corporation,…
The NCLT Kolkata bench of Ms. Bidisha Banerjee (Judicial Member) and Shri Arvind Devanathan (Technical Member) have held that mere possession over assets of the corporate debtor under the SARFAESI Act does not prevent the financial creditor from preferring an application under section 7 of the IBC. Brief Facts The Corporate Debtor Roadwings International Pvt.…
South Korean crypto platform Delio declared bankrupt, owing $1.75 billion MSN Read the original article here
The National Company Law Appellate Tribunal (NCLAT), Chennai bench of Justice Sharad Kumar Sharma (Judicial Member) and Mr Jatindranath Swain (Technical Member) allowed the impleadment application filed by an Operational Creditor, on the ground that its application to initiate CIRP proceedings against the Corporate Debtor were closed due to initiation of CIRP by another creditor.…