Court freezes Qartaba property assets – The Australian
Court freezes Qartaba property assets The Australian Read the original article here
A Total Of 5,272 Youths Declared Bankrupt Since 2020 – bernama
A Total Of 5,272 Youths Declared Bankrupt Since 2020 bernama Read the original article here
Northvolt goes bankrupt, Swedish battery maker collapses in Europe
Once hyped as a potential cornerstone for an expanded European battery industry, Swedish battery maker Northvolt on Wednesday announced that it was filing for bankruptcy in its home country. “Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital…
Youth bankruptcy soars: 5,272 under 34 hit by insolvency – New Straits Times
Youth bankruptcy soars: 5,272 under 34 hit by insolvency New Straits Times Read the original article here
Minister reveals 5,272 youths declared bankrupt since 2020 | Malaysia
A TOTAL of 5,272 youths under the age of 34 have been declared bankrupt between 2020 and the present, revealed Youth and Sports Minister, Hannah Yeoh. Of this total, 5,189 individuals were aged between 25 and 34, while 83 others were under 25. The increasing trend of youth bankruptcies is concerning, with 877 cases recorded…
South Africa reduces Eskom debt relief package
South Africa said on Wednesday that it would reduce its debt relief package for state-owned power utility Eskom by a further R20-billion and would give some of its support in loans rather than taking on the company’s debt. “Eskom is now in a much better financial position than in 2023 when the debt relief was…
Bolton director banned after firm received over £20k in Covid loans
Merle Oper, 46, was the director of Tempus Admin Ltd when it applied for a Covid Bounce Back Loan (BBL) in October 2020. Tempus, based at Clevelands Drive in Heaton, applied for a loan of £50,000, which is £23,000 more than it was “legitimately entitled to”. Companies House states that there is an active proposal…
Huang Xiaoming denies $1.03 billion yuan Macao gambling debt following Jay Chou’s rebuttal – Dimsum Daily
Huang Xiaoming denies $1.03 billion yuan Macao gambling debt following Jay Chou’s rebuttal Dimsum Daily Read the original article here
Which Jurisdictional Route Should ‘Personal Guarantors’ Take
The excerpts from the famous poem by Robert Frost, The Road Not Taken,—“Two roads diverged in a yellow wood, And sorry I could not travel both…”—aptly illustrate the challenge of choosing the right forum or the ‘Adjudicating Authority’ for insolvency resolution process of personal guarantors under the Insolvency and Bankruptcy Code, 2016 (IBC/ the Code).…
What transpired on the day Brindabella called in the administrators – The Canberra Times
What transpired on the day Brindabella called in the administrators The Canberra Times Read the original article here