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Daily Archives: March 9, 2025

Trump Signs PSLF Executive Order Limiting Eligibility: Who’s Affected?

Debt HelpBy EditorMarch 9, 2025

President Donald Trump signed an executive order limiting eligibility for the Public Service Loan … [+] Forgiveness (PSLF) program Getty Images Trump Signs PSLF Executive Order President Donald Trump signed a new executive order to reshape the Public Service Loan Forgiveness program, known as PSLF, by excluding certain borrowers. The order, signed March 7, directs…

Fresh trouble for SpiceJet as three aircraft lessors, former pilot file insolvency pleas

BankruptcyBy EditorMarch 9, 2025

SpiceJet’s passenger aircraft. File | Photo Credit: Reuters SpiceJet is facing a fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Also Read | Spicejet plans to raise over ₹3,200 crore via debt, equity Three lessors – NGF Alpha,…

Healthcare Giant Announces $400M Debt And Subsequent Bankruptcy, Plans To Sell 50% Of Locations – AOL

BankruptcyBy EditorMarch 9, 2025

Healthcare Giant Announces $400M Debt And Subsequent Bankruptcy, Plans To Sell 50% Of Locations  AOL Read the original article here

IBBI Proposes Reform of Liquidation: Ending Inefficient ‘Going Concern Sales’

LiquidationBy EditorMarch 9, 2025

The issue is that this process can take a long time and often doesn’t help creditors get their money back. When a business is in financial trouble and can’t pay its debts, it might go into liquidation. This means the company is closed down and its assets (things it owns) are sold to pay off…

Tesla CEO Elon Musk warns of pending bankruptcy amid DOGE’s costs cuts

BankruptcyBy EditorMarch 9, 2025

During President Trump’s first Cabinet meeting, DOGE lead Elon Musk warned about the ballooning debt and trillions in deficits. Tesla CEO Elon Musk appeared at President Donald Trump’s first Cabinet meeting on Wednesday to discuss his waste-cutting efforts with the Department of Government Efficiency (DOGE) commission. During the meeting, Musk took aim at what he…

Sphere Revolutionized Concerts, So Why Might It Go Bankrupt?

BankruptcyBy EditorMarch 9, 2025

Since opening its doors in September 2023, the Sphere in Las Vegas has offered an unprecedented concert experience. The technological marvel is truly something to behold, with state of the art visuals accompanied by incredible audio technology. UCR writers have taken in a handful of shows at the venue – including U2, Dead & Company…

Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas

LiquidationBy EditorMarch 9, 2025

SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues…

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