Tesla (TSLA) is not paying its bills, and this has led to at least two small American businesses going bankrupt. The automaker had over $110 million in liens with contractors over the last 5 years. CNN released a new report that examines lien claims from contractors hired by Elon Musk’s companies in Texas, particularly Tesla.…
The first liquidators report has been published after three more companies run by Jacks Point property developer Dean Franklin went into liquidation with IRD tax debts of $2.1 million and loans owed by related parties of over $8 million. Falconer Corporate Ltd, Founder Corporate Ltd and S R Corporate Ltd all entered liquidation on June…
The Supreme Court’s (SC) decision to recall its May 2 judgment that had ordered the liquidation of Bhushan Power and Steel (BPSL) is a significant positive outcome for the Insolvency and Bankruptcy Code (IBC) and the overall framework for stressed asset resolution in India. The top court’s decision to hear the case afresh on August…
The Insolvency Service has officially confirmed that Nottingham Rehab Limited and NRS Healthcare Limited are in liquidation. It follows a range of news stories reporting that NRS Healthcare, which supplies assistive technologies to the NHS and local authorities, was on the brink of going bust. Today, (1 August 2025), winding up orders were made against…
The government has introduced its bill to reduce student debt. Photo: Australian National University. The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt. Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim…
Students and graduates will soon receive a cut to higher education debts but advocates say the government must do more to make university fees fairer. Legislation was introduced to parliament on Wednesday to slash HECS debts by 20 per cent and increase income thresholds before minimum repayments kick in. It is expected to be passed…
The government has introduced its bill to reduce student debt. Photo: Australian National University. The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt. Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim…
Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa contributes the least to global emissions but suffers the most from extreme weather, rising temperatures and drought. These disasters affect not just people’s livelihoods but also national revenues, making debt repayment harder. Yet traditional debt contracts don’t account…
Australia wipes $10 billion off student loans, targeting cost of living relief Reuters Read the original article here
Debt forgiveness can help erase your debt, but it’s important to know whether it’s worth pursuing with rates still paused. Getty Images The Federal Reserve made headlines again this week when it decided to keep its benchmark interest rate unchanged at a range of 4.25% to 4.5% during its July meeting. The decision to hold…