Pursuing debt forgiveness can make a lot of sense for some seniors, but it won’t be the right move for everyone, experts say. Getty Images/iStockphoto Credit card interest rates remain high right now, driven up, in part, by the Federal Reserve’s rate hikes that occurred in 2022 and 2023. While the increases were aimed at…
INSOLVENCY NOTICES: Winding Up Petitions – April 2025 Credit Connect Read the original article here
On Tuesday (May 6), WeightWatchers announced filing for Chapter 11 bankruptcy. According to the company’s website, “After careful planning and discussions, we decided to initiate a prepackaged chapter 11 process. Unlike insolvency court processes in other countries, a prepackaged chapter 11 filing in the U.S. does not mean the company is going out of business…
PixelsEffect / iStock.com Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology. 20…
A court-appointed administrator said that the company will very likely be liquidated following the provincial government’s refusal to invest further public money into the company, which would have been a condition of any sale of the struggling company. Jean-François Nadon, a restructuring specialist with Deloitte, said “the likelihood of a liquidation of assets is very…
The action, carried out in advance, was much celebrated among its investors. This is because the company strengthens its position in the market by reaching a payment agreement financed with its own cash. In other words, no action was diluted in its entire process. The debt settlement represents a new step for the organization, which…
Corporate liquidation, also known as winding up, is a formal process through which a company’s legal existence is brought to an end, whether due to insolvency, inability to pay debts, or a voluntary decision by its stakeholders (Insolvency and Bankruptcy Code, 2016) [1]. In India, the prominence of corporate liquidation has increased significantly following the…
Dikshat Mehra, Anjali Dhoot Recently, the Singapore High Court (“SHC“) in the judgement of Re Compuage Infocom Ltd and another has recognised Corporate Insolvency Resolution Process (“CIRP“) under Insolvency and Bankruptcy Code, 2016 (“Code“), applying the UNCITRAL Model Law on Cross-Border Insolvency, 1997. Before getting into the details of the judgment and discussing its impact on…
New Delhi, May 7 (PTI) Lenders to Bhushan Steel and Power Ltd (BSPL) will in next few days decide on options including seeking a review of the Supreme Court verdict to scrap sale of the company through insolvency process to JSW Steel, Punjab National Bank MD and CEO Ashok Chandra said on Wednesday. A group…
Exotifruit EU declared bankrupt FreshPlaza Read the original article here