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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Household debt in Thailand has long been elevated and escalated during the COVID-19 pandemic. The debt-to-GDP ratio peaked at 95.5% in early 2021 before easing slightly to about 90%. Consumption loans account for roughly 77% of household borrowing, while business loans make up only 18%. Unsecured loans, including credit card and personal…
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has held that a suspended director who himself initiated the corporate insolvency resolution process (CIRP) cannot later dispute the financial creditor’s claim on the ground of limitation, thereby dismissing a batch of insolvency appeals. The appeals were filed by Rakeshkumar Hariram Agarwal, who…
CP Cables has written to Wananchi Group (K) Limited, demanding payment of Ksh.46.9 million, setting the stage for potential liquidation proceedings at the High Court in Nairobi. The demand, issued under the Insolvency Act, 2015, was filed before the Commercial and Tax Division of the High Court as Insolvency Cause No. E017 of 2026. CP…
The word bankruptcy causes fear worldwide except for the United States where it is not perceived as a failure but rather as a setback. Debts are written-off and a second chance is granted to the company to start anew. Deeply rooted in American business, bankruptcy is an old practice that dates back to 1800. The…
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has upheld the admission of insolvency proceedings initiated against personal guarantors under Section 95 of the Insolvency and Bankruptcy Code, 2016, thereby dismissing a batch of appeals. The appeals were filed by Neeta Saha, Aniel Kuumar Saha and Aunirban Saha challenging a common…
Former Los Angeles Dodgers outfielder Yasiel Puig was found guilty of obstruction of justice and lying to federal investigators looking into an illegal bookmaking operation on Friday in a verdict delivered in Los Angeles. Puig, 35, faces up to 15 years in federal prison after the completion of the 12-day trial. Sentencing is slated for…
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Last year’s bankruptcy figures reveal a worrying trend that warrants closer attention Malaysia recorded nearly 7,000 new bankruptcies over the past year, averaging about 19 individuals declared bankrupt every day. Even more troubling is the scale of debt: over the past five years, more than…