Washington: Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt” without cuts. Musk, who leads the efforts under the the newly created Department of Government Efficiency (DOGE), spoke at the White House with Trump, who has in recent…
ABA Welcomes Further Clarity On Treatment Of HELP Debts The National Tribune Read the original article here
(Bloomberg) — If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the US bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal…
Cardiff hospital gym closes as firm running it set for liquidation Wales Online Read the original article here
SYDNEY (Reuters) – Australia’s centre-left Labor government has asked financial regulators to help would-be home buyers with student loans to enter the property ladder as it faces a tough election where sky-high housing costs have seen its popularity plunge. At the request of Treasurer Jim Chalmers, financial regulators said they would make it easier for…
The government has extended its “You Fight, We Help” project, offering further support to small non-bank debtors. Deputy Finance Minister Phaophum Rojanasakul announced that the Cabinet has approved the extension with two key measures. Measure 1: “Pay Directly, Preserve Assets” This measure targets non-bank debtors in arrears as of October 31,…
A MAN who had over $70,000 drained from his account by his wife the year she divorced him is now facing terrible debt problems. Nicholas, a small business owner in Boston, Massachusetts, owes six figures in tax and has been struggling to make ends meet for several years. 3 Nicholas, a small business owner in…
Steven Church and Reshmi BasuBloomberg News (TNS) If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in…
Insolvency-related activities in the North West fell to their lowest level for 12 months, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data, provided by Creditsafe, shows there were 313 new cases of insolvency-related activity – which includes liquidator appointments, administrator appointments and creditors’ meetings – in…
The chemical company at the centre of two industrial fires in Melbourne’s west, including one that left a worker dead, has collapsed owing creditors more than $5.3 million. Reports from liquidator SV Partners into the failed ACB Group suggest the site of its factory remains an ongoing fire hazard, stating the EPA advised it posed…