Wu Qing, a small garment factory owner in Shandong province, faced a financial crisis as his business deteriorated post-pandemic. He incurred 300,000 yuan in loans for business expansion in 2019, then borrowed another 500,000 yuan through consumer loans and credit cards to sustain his business amidst economic woes. By mid-2023, Wu was struggling with loan…
A Chinese government linked property developer with unpaid claims from Queenstown contractors has gone into liquidation, leaving the future of over 100 Fernhill residential units in doubt. Triple Connection Ltd was put into liquidation on February 13 after landscaping company Top Garden failed to get a response to a statutory demand linked to an unpaid…
Delayed real estate projects: IBBI’s amended rules to allow homebuyers to take possession during insolvency process MSN Read the original article here
A Chinese government linked property developer with unpaid claims from Queenstown contractors has gone into liquidation, leaving the future of over 100 Fernhill residential units in doubt. Triple Connection Ltd was put into liquidation on February 13 after landscaping company Top Garden failed to get a response to a statutory demand linked to an unpaid…
The debt crisis threatens to cripple many African countries (Vatican Media) Pope Francis’ call for debt cancellation in the 2025 Jubilee Year of Hope has inspired similar action among Catholic bishops and advocacy groups in East Africa. Source: The Tablet. The Jubilee 2025 Debt Cancellation Campaign launched in Nairobi on February 12 to target…
Defaulted Chinese Companies Face Rising Risks in Court Hearings Bloomberg Read the original article here
I’m 19 with $115,000 in debt and can’t work for another year – but expert say ‘my story’ will help me out of the mess NewsBreak Read the original article here
A soccer-loving businessman behind LNP election donations told a court he helped introduce Opposition Leader David Crisafulli to run a training company that later collapsed. The testimony, contained in transcripts obtained by the ABC, has emerged after Mr Crisafulli this month denied the failed business had links to the LNP or donors. The businessman was…
Founding of Enron and its rise Enron was founded in 1985 by Kenneth Lay in the merger of two natural-gas-transmission companies, Houston Natural Gas Corporation and InterNorth, Inc.; the merged company, HNG InterNorth, was renamed Enron in 1986. After the U.S. Congress adopted a series of laws to deregulate the sale of natural gas in…
{{ registerForm.errors.get(‘form’) }} We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support. Credit Card {{ cardForm.errors.get(‘card’) }} … Read the original article here