3 important debt relief questions to ask this May

Your debt situation could be improved by exploring some relief options this May. Getty Images April was a rocky month for the economy, with stock market volatility hurting the savings of millions of Americans. If you’re one of those who saw their investments and savings decline in the month, and are already trying to cope…

How to prepare for credit card debt forgiveness this May

Credit card debt forgiveness can provide the lifeline that cardholders need in today’s unique economic climate. Getty Images With the average credit card debt worth thousands of dollars now, the average credit card interest rate over 20% currently and compound interest charges making it more difficult to pay off what you owe, many Americans are…

Petition U/S 9 Of IBC Cannot Be Entertained Based On Fabricated Invoices Created To Pursue Revenge Litigation Against Corporate Debtor: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that a Section 9 petition under the Insolvency and Bankruptcy Code, 2016 (Code) cannot be admitted when the operational creditor has used its control over the corporate debtor’s affairs to fabricate invoices and…

Climate Action Requires Debt Relief| Countercurrents

WASHINGTON, DC – Today’s global economic turmoil is not just about trade. As G20 finance ministers gather in Washington this week during the annual spring meetings of the International Monetary Fund and World Bank, IMF Managing Director Kristalina Georgieva has warned that growing economic uncertainty and financial market stress pose serious threats to developing countries.…