Is IBC an effective resolution tool? | Explained

The story so far: More than eight years have passed since the enactment of India’s Insolvency and Bankruptcy Code (IBC). According to data from the Insolvency and Bankruptcy Board of India (IBBI), creditors have realised ₹3.89 lakh crore under the framework, with a recovery rate of over 32.8% against admitted claims. Why was the IBC…

Anil Ambani Gets Big Win! NCLAT Halts Reliance Infra Insolvency —Stock Soars 10%

Anil Ambani’s Reliance Infra Dodges Insolvency New Delhi: In a major relief to Anil Ambani-led Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed an earlier order by the National Company Law Tribunal (NCLT) that had admitted the company into the Corporate Insolvency Resolution Process (CIRP). Following the news, Reliance Infrastructure shares…

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What is debt consolidation?

How does debt consolidation work? Say, for example, you have two different credit cards with debts of $3000 and $4000 each, and a personal loan with a debt of $7000. Each of these debts will likely have a different interest rate, repayment amount and due date, making it challenging to stay on top of them…

How to qualify for medical debt forgiveness

If you’re struggling to pay off your medical bills, debt forgiveness could be an option to pursue. Seng Kui Lim/Getty Images Medical debt has become one of the most common and overwhelming forms of debt in the U.S., and for good reason. The rising cost of healthcare has made even the most routine care unaffordable for…