A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month, leaving “thousands unlikely to receive refunds”, and putting the financial burden on travel intermediaries. Air Belgium, a cargo airline that used to run passenger flights, has been taken over by a shipping company after the…
PrimeWay Credit Union Launches New Debt Consolidation Program to Help Members Pay Off Debt Faster StreetInsider Read the original article here
The 445 MW natural gas-based power plant of Konaseema Gas Power Limited (KGPL) is set to be auctioned on June 20, 2025, as part of the company’s liquidation process under the Insolvency and Bankruptcy Code (IBC). The auction notice, issued by the liquidator, will be published in newspapers on June 23, 2025, and interested bidders…
Residential construction companies in Australia have been toppling like dominoes, and this has left many depositors in a very difficult financial position. Like an uncontrolled demolition, construction companies have been collapsing at a rate that has not been seen for almost a decade. Data from the Australian Securities and Investments Commission shows a gathering pace…
Builder.ai faced US probe before company collapsed, reports say Sifted Read the original article here
NCLT : CIRP Cannot be shield to corporate applicant to avoid legally recoverable government dues Taxscan Read the original article here
Sydney Sweeney has opened up about having to live in a Holiday Inn for eight months as a teenager after her parents were declared bankrupt. The Euphoria star, 27, is now a multi-million dollar success story after making it with acting with roles in Anyone But You, The White Lotus and The Handmaid’s Tale. But back before hitting…
Chukwu faults Okorie’s eligibility for AFN Elections The Nation Newspaper Read the original article here
Aussies keen to see their student loan debts cut by 20 per cent as promised by Labor in the federal election may not be so happy when they check their accounts. Since Sunday, students with HELP or HECS loans would have seen their debts increase by 3.2 per cent as indexation kicked in. Indexation serves…
“A bankruptcy proceeding is not a death sentence but a chance for a fresh start.” — Elizabeth Warren In India, Bankruptcy and Insolvency since a long time have been critical issues in the financial sector, which impacts businesses, creditors, and the overall economy. Insolvency refers to as a situation where a debtor…