Proposed changes to a key student loan forgiveness program could lead to thousands of borrowers losing access, institutional lobbyists and student advocates say. In their view, the new policy would unfairly tie an individual’s eligibility for Public Service Loan Forgiveness to the policies of their employer and whether they match with President Trump’s priorities. Department…
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IBC Boosts Ease of Doing Business and Asset Realisation; 1,194 companies successfully resolved under IBC enabling realisation of ₹3.89 lakh core by creditors orissadiary.com Read the original article here
Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed. Image: Shutterstock India’s Insolvency and Bankruptcy Code (IBC) was designed…
Melbourne kitchen maker folds amid $2m debt pile Herald Sun Read the original article here
The National Company Tribunal Chandigarh, bench of Justice Harnam Singh Thakur and Shri Kaushalendra Kumar Singh, have held that a mere bald denial that invoices forming the basis of the claim were not received cannot prevail over specific, dated communications and signed acknowledgements originating from within the operational creditors’ finance department. The operational creditor Pierian…
Wellington event company Hiremaster in liquidation after more than 70 years in business Stuff Read the original article here
Logging company owes $1.5m to IRD, forestry companies – report NZ Herald Read the original article here
“The cause of this liquidation appears to be related to a failure to account for taxation compounded by the regional cyclone experienced in January 2023,” the report says, under the subheading “additional information”. “The liquidator has established contact with the company director, and a statement of affairs has been received. The liquidator is conducting searches…
Get The AJN Newsletter by email and never miss our top stories Free Sign Up In Ernest Hemingway’s novel The Sun Also Rises, a character is asked how he went bankrupt. “Two ways,” he replies. “Gradually and then suddenly.” The same goes for the Left’s moral standing on antiracism. Gradually, through years of selective outrage and…