The trucking company found responsible for the deaths of four police officers on the Eastern Freeway will never pay its record $2.31 million fine after the business was declared insolvent despite previously earning millions of dollars in profit. Connect Logistics was the operator of a truck that slammed into two police cars in the emergency…
Today, the Republic of Ecuador, with the support of The Nature Conservancy (TNC), the U.S. International Development Finance Corporation (DFC), the Inter-American Development Bank (IDB), and Bank of America, announced the financial close of a debt conversion facilitated by TNC’s Nature Bonds Program to advance the Amazon Biocorridor Program. The debt conversion refinanced approximately $1.53…
The number of people calling a helpline because they are worried about debt has increased significantly, it has been revealed. National Debtline said it received 57% more calls in the first two weeks of January than it did in the same period last year. The Money Advice Trust, which runs the helpline, said the first…
Bankruptcy trends to watch in 2025 Reuters Read the original article here
Harju County Court declared the bankruptcy of Aktsiaselts Nordic Aviation Group, which ran the Nordica airline, on Tuesday. The bankruptcy order is subject to immediate enforcement. An appeal can be submitted within 15 days, but it will not suspend the enforcement of the order. Attorney-at-law Tarmo Peterson and Indrek Lepsoo from the Rask law firm…
“The Reserve Bank has today superseded the board of directors of Aviom India Housing Finance Private Limited (the company) owing to governance concerns and defaults in meeting various payment obligations, and appointed Shri Ram Kumar, ex-Chief General Manager of Punjab National Bank, as the Administrator under Section 45-IE(2) of the Reserve Bank of India Act,…
Source: Business Times Article Date: 28 Dec 2024 Author: Tay Peck Gek This comes after the family agreed to pay US$3.5b to the court-appointed liquidators of the company and top creditor HSBC. Hin Leong’s founder Lim Oon Kuin and…
Former prime minister Nawaz Sharif’s son Hasan Nawaz Sharif. — AFP/File LONDON: Hasan Nawaz Sharif has been declared bankrupt by the London High Court, according to the court papers. Hasan Nawaz — the younger son of former prime minister Nawaz Sharif — has been declared bankrupt in a tax and liability case of the UK…
BANKRUPT Katie Price has revealed her plans to make £500million in the next three years. Former glamour model Katie, 46, has revealed in her podcast, The Katie Price Show, that she wants to have made £500m by 2028. 5 Katie Price has shared her plans for making £500m in the next three yearsCredit: Splash 5 The…
The future of Indian budget airline Go First remains uncertain after the National Company Law Tribunal (NCLT) ordered the liquidation of the company on January 20, 2025. But Busy Bee Airways Pvt. Ltd., a company backed by EaseMyTrip co-founder Nishant Pitti, is opposing the decision. The airline is demanding a reopening of the case to…