The Great Freight Recession led to dozens of trucking, logistics, and shipping companies filing for Chapter 11 bankruptcy protection in 2025 to reorganize their businesses, restructure their debt obligations, and stay in business. Companies blamed reduced shipping demand, lower freight rates, and rising labor, fuel, and insurance costs for the decline in revenues and profits.…
Robert Gumede defends Vision Group amid Tongaat Hulett liquidation move MSN Read the original article here
If you’re among the more than 43 million Americans who have federal student loan debt, significant changes are coming. With the passage of President Donald Trump’s signature One Big Beautiful Bill Act last summer, the repayment landscape will look substantially different for new borrowers starting July 1, more so than for existing borrowers who are…
Defaulted Venezuelan bonds have rallied from 30 cents to 40 in anticipation of some kind of debt restructuring since the US captured President Nicolás Maduro on 3 January and left his vice president in charge. So far, Donald Trump and his administration have talked a lot about the country’s oil, but haven’t outlined plans for…
Barclays, Apollo’s Atlas Among Lenders to Failed UK Firm MFS Bloomberg Read the original article here
KK Press enters liquidation, shutters Cosmopolitan Australia Mi-3.com.au Read the original article here
[UPDATED]: High Court declares Jovian bankrupt after loan dispute NST Online Read the original article here
Thank you for reading this post, don’t forget to subscribe! The Supreme Court has ruled that lenders can start insolvency proceedings at the same time against both the main borrower and the corporate guarantor for the same loan under the IBC. The Court said there is no legal bar in the Code and each case…
New Delhi, Feb 26: The Supreme Court on Thursday said that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings are maintainable against both a principal debtor and its corporate guarantor for the same debt. A bench comprising justices Dipankar Datta and Augustine George Masih held that there is no statutory bar under the Insolvency and Bankruptcy…
Airwaves Not Assets – Supreme Court Puts Spectrum Beyond Lender’s Reach In Proceedings Under IBC Mondaq Read the original article here