Chalmers, economists slam Coalition’s debt reduction fund – AFR
Chalmers, economists slam Coalition’s debt reduction fund AFR Read the original article here
Opt out: what to do with your 23andMe account after company filed bankruptcy | Privacy
Welcome to Opt Out, a semi-regular column in which we help you navigate your online privacy and show you how to say no to surveillance. The last column covered how to stop tech companies spying on your phone as Trump promises mass deportations. The DNA testing company 23andMe has filed for bankruptcy after months of…
Income Tax Department sending notices to compnaies going through Insolvency process
Despite ‘Clean Slate’ Rule, Taxmen Pursue New Claims Against Insolvent Companies Tax officers are sending new tax notices to companies that have already been taken over after going through the insolvency process. This goes against the “clean slate” rule in the Insolvency and Bankruptcy Code (IBC), which says that once a company is rescued, all…
Undoing Debt
As residents stress over unpaid medical bills, Illinois pilot programs pledge to abolish $1 billion of medical debt Fact checked by Jim Lacy Gloria Austin knew she had a problem when a red rash, a line around her stomach, appeared, as pain ramped up. The East Garfield Park resident was 62 at the time. After…
Disbursal Against Time Value Of Money Constitutes Financial Debt: NCLT Kolkata
The National Company Law Tribunal, Kolkata bench, consisting of Smt. Bidisha Banerjee (Member – Judicial) and Cmde Siddharth Mishra (Member – Technical), has allowed an application filed under Section 7 of the IBC seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The bench held that the financial debt exists where…
Millions of dollars in medical debt relief headed to NH residents
An estimated $72 million in medical debt is set to be relieved for New Hampshire residents. Undue Medical Debt, a New York based nonprofit, recently paid off over $30 billion in national debt from the former debt collection agency Pendrick Capital Partners. A small portion of the debt being retired affects Granite Staters. Daniel Lempert,…
Masterton rocked by possible closure of local Hansells plant
Hansells Masterton has been part of the local community for 75 years. Photo: RNZ / Cole Eastham-Farrelly Masterton Mayor Gary Caffell is “gutted” to hear about 100 jobs could be on the line, as an iconic New Zealand food products business goes into liquidation. Hansells Masterton has been tipped into receivership by a company owned…
Insufficiently Stamped Agreements Do Not Present A Bar To Application U/S 7 Of IBC: NCLT Bengaluru
The National Company Law Tribunal (NCLT), Bengaluru Bench, consisting of Shri. Sunil Kumar Aggarwal, Member (Judicial), and Shri. Radhakrishna Sreepada, Member (Technical), admitted a petition filed under Section 7 of the IBC, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution…
Karnataka High Court Directs Byju’s RP To Preserve E-Mails, Communication Between Stakeholders For CIRP Purposes
The Karnataka High Court on Friday directed the Resolution Profession presiding over the insolvency proceedings initiated against Think And Learn Private Limited (BYJUS) to preserve all the emails or conversations between all the stakeholders in the case at hand, which would be required for the Corporate Insolvency Resolution Process. A single judge, Justice M Nagaprasanna…
Trump’s Trade War Is Setting Up the Next Big Debt Default Wave – Bloomberg
Trump’s Trade War Is Setting Up the Next Big Debt Default Wave Bloomberg Read the original article here