Belgian cryptocurrency trading platform Bit4You has announced the suspension of operations after it discovered that CoinLoan, one of its service providers, was declared insolvent by an Estonian court. The CoinLoan Insolvency The cryptocurrency trading platform learned… Belgian cryptocurrency trading platform Bit4You has announced the suspension of operations after it discovered that CoinLoan, one of its…
The warning has come from Mike Pavitt, council member for the Southern and Thames Valley region of R3, the UK’s insolvency and restructuring trade body. Mr Pavitt said: “Covid-related loan repayment difficulties have not gone away, especially with new tax burdens anticipated in the spring, and nor, it seems, has the Insolvency Service’s appetite for…
The warning has come from Mike Pavitt, council member for the Southern and Thames Valley region of R3, the UK’s insolvency and restructuring trade body. Mr Pavitt said: “Covid-related loan repayment difficulties have not gone away, especially with new tax burdens anticipated in the spring, and nor, it seems, has the Insolvency Service’s appetite for…
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to stay the insolvency proceedings against debt-ridden thermal power producer Indrajit Power. The appellate tribunal said “no error has been committed” by the National Company Law Tribunal (NCLT), while admitting the plea to initiate insolvency proceedings against the Maharashtra-based company on February 1, 2024,…
Crafts retailer, JoAnn Fabrics, has filed for Chapter 11 bankruptcy … again. Last year, JoAnn filed for bankruptcy in March. It emerged from bankruptcy in April as a private company. JoAnn announced on Wednesday that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate a…
LEBANON — Mounting financial troubles have forced the owners of Gusanoz Mexican restaurant, located on the Miracle Mile, to shutter two related restaurants and file for bankruptcy, in a move that impacts both employees and a South Royalton nonprofit that depended on one of the restaurants for a significant share of its business. The restaurant’s…
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While people contacted the helpline for a variety of reasons, the main ones were: housing stress, including mortgage, rent, rates and body corporate fees; utilities; credit card debt; personal loans; buy now pay later; and debts to the Australian Taxation Office. Read the original article here
Biden announced an additional $4.2 billion in student-debt cancellation for 152,000 borrowers. The relief will benefit borrowers in PSLF, defrauded borrowers, and borrowers with disabilities. It likely marks Biden’s last relief efforts before Trump takes office in one week. Thousands more borrowers are receiving student-loan forgiveness just one week before President Joe Biden leaves the…
Biden forgives student loans for 150,000 borrowers, bringing total to 5 million Reuters Read the original article here