Russian Ex-Presidential Hopeful Nadezhdin Declares Bankruptcy

A Russian court declared former presidential hopeful Boris Nadezhdin bankrupt over past campaign debt, the Kommersant business newspaper reported Thursday. Nadezhdin, 61, sought to challenge President Vladimir Putin in the March 2024 presidential race on an anti-war platform but was barred from running. Though unsuccessful, his short-lived campaign drew support from Russians opposed to the…

Does Debt Consolidation Hurt Your Credit?

Debt consolidation can lower your monthly payments and help you get out of debt faster, but it can also cause a minor dip in your credit score. That’s because applying for new credit — like a balance transfer card or a debt consolidation loan — triggers a hard inquiry of your credit, which temporarily lowers…

Biome secures news debt facility to support growth

Microbiome health company Biome Australia (ASX:BIO) has announced that its wholly owned subsidiary, Biome Australia Trading, has entered into a $5 million secured debt facility with National Australia Bank (NAB). The company said the new facility would replace the existing debt facility with Tradeplus24 at a significantly improved interest rate. Biome said it will use…

Major deep sea mining company goes bankrupt 

Bergen, Norway – Norwegian deep sea mining company, Loke Marine Minerals, has declared bankruptcy.[1] Loke had dreams of becoming the world’s largest deep sea mining company, holding licenses in the Pacific as well as setting their eyes on the Arctic. Now, their deep sea mining dreams have been shattered. Loke also owns UK Seabed Resources,…

Adjudicating Authority Cannot Suo Moto Amend Date Of Default In Insolvency Application Unless Amendment Application Is Filed: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that the Adjudicating Authority cannot suo moto amend the date of default mentioned in the insolvency application unless an amendment application is filed; otherwise, it would…