The West has an enormous ecological debt towards the Global South. Pope Francis, in his message for Peace 2025, implores the wealthiest countries on the planet to forgive the debts of the poorer ones. It is a matter linked to justice and the great climate issue. The appeal comes on the eve of the Jubilee:…
What is Debt Forgiveness? How the Process Can Provide Relief, but Sometimes at a Cost BadCredit.org Read the original article here
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ When we think about how risky a company is, we always like to look at its use of debt, since…
Posted on: December 12, 2024, 05:44h. Last updated on: December 12, 2024, 05:44h. Jay Leno has discredited rumors that injuries sustained while falling down a hill in Pennsylvania last month were the result of being roughed up by the Mafia over gambling debts. This nasty bruising to left side of Jay Leno’s face was the…
Today it was announced that after more than 90 years of operations the Youth Hostel Association of New Zealand, also known as the YHA New Zealand, had gone into liquidation. It joins a growing list of Kiwi companies unable to continue in the face of growing costs with liquidations up 27% up on this time last…
The embattled German shipbuilding group FSG-Nobiskrug Holding along with its two shipyards and its design group have been provisionally declared insolvent by a German court due to a filing by an insurance company. Investor Lars Windhorst, who has controlled the group since a prior insolvency filing in 2020, is vowing to fight the proceeding…
Highlights The National Company Law Tribunal has approved a resolution plan for Karkinos Healthcare Private Limited, a financially distressed oncology company based in Mumbai. Reliance Strategic Business Ventures Limited has acquired Karkinos Healthcare Private Limited for ₹200 crore, which includes the settlement of 100% of creditors’ dues. The Corporate Insolvency Resolution Process was completed within…
Backed into Bankruptcy: Automotive Smart Glass Company Owes 100-Plus Creditors glassBYTEs Read the original article here
December 12 – Following the failed takeover of ADA Group, Belgian second-division club KMSK Deinze has been declared bankrupt by a local court in Ghent. The writing had been on the wall for weeks, if not months. In November, following the departure of ACA Football Partners, an investment firm from Singapore, ADA from Luxembourg, fronted…
Queensland call centre AGAT Business, currently under investigation by the corporate watchdog, has gone broke and been put into voluntary liquidation. Customers had alleged AGAT sales representatives phoned them offering to check their current super arrangements for free before referring them to financial advisers. Some of those financial advisers then recommended customers move their super…