How and why the government borrows money

Facebook Twitter LinkedIn Reddit Email Unlocked is a series focused on explaining U.S. federal government systems, structures, and processes. This public debt explainer is part of that series, which is produced by The Journalist’s Resource and the Shorenstein Center on Media, Politics and Public Policy, where JR is housed. Last fiscal year, the federal government for…

How to Consolidate Credit Card Debt

Many people struggle with credit card debt at one point or another, and the higher your balances, the harder it can be to pay them off. Consolidation is a way to move high-interest debt onto a lower-interest product, like a balance transfer credit card or a credit card consolidation loan, which then makes it easier…

NETA Auto’s Parent Company Files for Bankruptcy

NETA Auto’s parent company, Zhejiang Hozon New Energy Automobile, officially filed for bankruptcy last 19 June. According to one of China’s largest news, CCTV, the company was sued by a creditor for debt and liabilities amounting to RMB 5.3 million (AUD 1.14 million) and RMB 1.4 billion (AUD 215 million) respectively.  The creditor filing for…

Important orders on IBC (February 1 – February 16, 2025)

NCLAT-Fortnightly, February 1-15, 2025  The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal (“NCLAT”), under the Insolvency and Bankruptcy Code, 2016 (“Code”), during the period between February 1, 2025 to February 15, 2025. For ease of reference, the orders have been categorized and dealt with in the…