HARRISBURG, Pa. – A bipartisan group of lawmakers in the state House reintroduced legislation to create the Pennsylvania Medical Debt Relief Program and potentially clear hundreds of millions of dollars in bad debt burdening eligible residents for a fraction of the money owed. House Bill 79, proposed as the Medical Debt Relief Act, is led…
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The ATO has encouraged people to check their HECS debt balance, after the government’s indexation changes were applied. · Source: Yahoo Finance/Getty Aussies have been urged to log into their Australian Taxation Office (ATO) accounts and check their HECS debts. The government’s student loan indexation changes have officially kicked in and credits are now being…
The writing had been on the wall for Jet Airways, which ceased operations five years ago. On Thursday, the Supreme Court officially put to rest the airline—at its peak India’s largest and arguably best carrier, and along with it any residual hope of its revival. The Supreme Court Thursday ordered the liquidation of Jet Airways…
This article is the second of a three-part series looking at issues surrounding debt lawsuits in state courts. State courts should offer a path to resolution for the millions of Americans sued for debt each year. Too often, however, consumers involved in litigation must deal with inadequate information, confusing processes, and outdated, ineffective policies that…
The National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the liquidation of Tulip Hotels Pvt. Ltd., marking the latest development in the company’s insolvency process. The order came after the Corporate Insolvency Resolution Process (CIRP) failed to produce a resolution plan within the stipulated timeframe. Resolution Professional Gaurav Ashok Adukia sought liquidation under Section…
New Delhi, Jan 19 (PTI) NCLT has directed for the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive any bidder during its insolvency resolution process within the prescribed timeline. On May 16, 2023, the NCLT had directed the initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels over a plea…
High-Profile SCOTUS Attorney Accused Of Using Firm’s Money To Pay Gambling Debt MSN Read the original article here
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales was 1,966 in November 2024, 13% higher than in October 2024 (1,743) and 12% lower than the same month in the previous year (2,243 in November 2023). The business insolvencies consisted of 254 compulsory liquidations, 1,565…
Jones said while businesses continued to find economic conditions difficult, they could see light at the end of the tunnel and were making plans to “springboard for that growth”. Almost two-thirds of businesses planning to grow were looking to invest in hiring, retaining and training staff, with many focused on the latter two. With unemployment…