South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1.75 billion), halted withdrawals last year. Some hope of making customers whole Delio will begin liquidation proceedings. Customers can make claims through Feb. 21, 2025,…
Debt Relief Just Got Real: Experian Erases Millions in Balances For African Americans pridepublishinggroup.com Read the original article here
The operator of the closed-down Catford Mews cinema has been liquidated, but the businessman behind the venture hopes to open up again in a nearby location. Really Local Group (Catford Mews) Ltd was placed in liquidation at 2pm on Wednesday, four months after its landlord, a Lewisham Council company, repossessed the building saying it had…
13 firefighters declared bankrupt taken disciplinary action MSN Read the original article here
What Is Insolvency? Insolvency refers to a business that can no longer pay its debts. A company might be unable to repay creditors if it’s struggling financially. The company might have had a significant drop in income due to lost sales, increased expenses due to the cost of goods or labor, or the business might…
Highlights The Supreme Court ruled that the interim moratorium under Section 96 of the Insolvency & Bankruptcy Code, 2016, does not protect corporate debtors from penalties under the Consumer Protection Act, 1986, emphasizing the importance of consumer protection regulations during insolvency proceedings. Legal experts clarified that the moratorium applicable to corporate debtors under Section 14…
Homeplus Declared Bankrupt as Its Promissory Note is First Dishonored by Banks 알파경제 Read the original article here
German sports portal Sporttotal files for insolvency Broadband TV News Read the original article here
Home Business BIG setback to Anil Ambani, loses this bankrupt company to…, deal is worth Rs 95866080310 IndusInd International Holdings Ltd (IIHL), a Hinduja Group company, is set to take over Reliance Capital (RCAP), the debt-ridden firm formerly led by Reliance Group Chairman Anil Ambani. Anil Ambani (File) Reliance Capital (RCAP), the debt-ridden firm formerly…
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