Trying to service multiple debts can feel like standing behind a cooktop in a short-staffed kitchen – you’re always just one mistake from the whole thing boiling over. Following years of the cost-of-living crisis post-COVID-19, many Australians now find themselves tied to personal debts such as car loans, credit card bills, and HECS/HELP fees as…
When companies face financial trouble, potential job losses can be a major risk for people and—depending on the size of the company or industry in trouble—a risk to local or national economies. An efficient insolvency system can mitigate this risk while contributing to the creation of more and better jobs. As jobs are the most…
We’ve been warning that rising debt burdens are forcing lower-income countries to cut funding for education, disproportionately impacting girls, and our new analysis shows exactly how much global debt reform could unlock for education. Bringing debt service ratios down to 10% of national revenues in lower-income countries could release $506 billion for education over five…
AZB & Partners advised the Resolution Professional, Pulkit Gupta, on legal aspects. The transaction team comprised of Partner Suharsh Sinha, Partner Amrita Sinha, Senior Associate Kushagra Pandey, and Associates Rahul Thomas, Idhika Agarwal and Rashi Priya – with support on all on-going litigations in Mumbai and Delhi from Senior Partner Anindita Roy Chowdhury, Partner Vivek…
NCLAT Fortnightly: Important orders on IBC (March 16 – March 31, 2025) Bar and Bench Read the original article here
2003 Rugby World Cup-winner and former England captain declared bankrupt after divorce Ruck.co.uk Read the original article here
Hobart-based premium appliance retailer Elite Appliances has been placed into liquidation in a move that has shocked the industry. “Notice is given that at a general meeting of the members of the Company held on 30 June 2025, it was resolved that the Company be wound up and Adam Johnston be appointed liquidator(s),” said a…
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Thailand’s cabinet on Tuesday approved debt relief measures for more borrowers, including those with only one day of overdue debt, Deputy Finance Minister Paopoom Rojanasakul said. The measures, which fall under an existing programme, includes interest rate suspensions for debtors, he said in a statement. Read the original article here