Somalia signs $306.5 million debt relief deal with Arab Monetary Fund – Reuters
Somalia signs $306.5 million debt relief deal with Arab Monetary Fund Reuters Read the original article here
US bishops ask Trump to pursue global debt relief in Jubilee Year – ucanews.com
US bishops ask Trump to pursue global debt relief in Jubilee Year ucanews.com Read the original article here
Warning of potential sharp rise in insolvencies amid tariff turmoil
The number of companies in the UK filing for administration remained steady during Q1 2025 according to analysis by Interpath. Interpath expects that insolvencies to rise sharply as businesses grapple with the impact of new US tariffs on their organisations and the wider economy. Analysis of Companies House data by the international advisory firm shows…
Avon Declares Bankruptcy as Asbestos Liabilities Pile Up
In 2020, Natura & Co. acquired Avon’s international operations. Natura & Co., a Brazilian beauty brand, is a holding company for Avon and its subsidiaries. With the bankruptcy, Natura & Co. has offered $43 million to help Avon through the bankruptcy process. It has also offered $125 million in credit for Avon’s equity. This plan…
Resolution Professional Can File Liquidation Application U/S 33 Of IBC If CIRP Period Expires Without Approved Resolution Plan: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member) and Mr. Naresh Salecha (Technical Member) has held that when the extended Corporate Insolvency Resolution Process (CIRP) period has expired and no resolution plan has been approved, it is incumbent upon the Resolution Professional to file an application…
Dem Rep responds to Trump deal-maker claims
IE 11 is not supported. For an optimal experience visit our site on another browser. ‘Very shocking… my kids are hurt’: Wife of man wrongfully deported by Trump speaks out 06:15 Now Playing ‘I didn’t go bankrupt 6 times’: Rep. Meeks responds to Trump’s claims of being a deal maker 05:11 UP NEXT ‘All-out trade…
Indian banks celebrate after Vijay Mallya’s appeal against bankruptcy dismissed; Mallya says he will get an annulment – MSN
Indian banks celebrate after Vijay Mallya’s appeal against bankruptcy dismissed; Mallya says he will get an annulment MSN Read the original article here
Courts won’t avoid provisional appointments where a company is solvent
In a recent decision of the Federal Court of Australia (Krejci (liquidator) v Panella, in the matter of Richmond Lifts Pty Ltd (in liq) [2025] FCA 151), Justice Cheeseman upheld orders appointing provisional liquidators and receivers to several solvent companies. The case is an important reminder that the Court is willing to intervene in a…
How to delete your 23andMe data after the company filed for bankruptcy : NPR
The genetic testing company 23andMe has filed for bankruptcy. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images The genetic testing company 23andMe, best known for allowing people to trace their ancestry with an at-home kit, has been struggling financially for months. So when the California biotech firm announced in a statement this week…
NCLAT Dismisses IDBI Banks Plea For Insolvency Against Zee Entertainment – NDTV Profit
NCLAT Dismisses IDBI Banks Plea For Insolvency Against Zee Entertainment NDTV Profit Read the original article here