#SHOWBIZ: Stars in the red: 29 Malaysian celebrities file for bankruptcy to clear debts
#SHOWBIZ: Stars in the red: 29 Malaysian celebrities file for bankruptcy to clear debts | New Straits Times … Read the original article here
No Cookies | Herald Sun
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No Cookies | NT News
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How Nigeria secured $30b Paris Club debt relief, by Okonjo-Iweala – The Guardian Nigeria News
How Nigeria secured $30b Paris Club debt relief, by Okonjo-Iweala The Guardian Nigeria News Read the original article here
No Cookies | Daily Telegraph
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Kenya launches comprehensive book on Corporate Insolvency Law
The book examines the legal processes governing financially distressed companies, including administration, liquidation, receivership, company voluntary arrangements, schemes of arrangement, pre-insolvency moratoriums and cross-border insolvency. It also explores the insolvency regimes applicable to banks and insurance companies. Read the original article here
Supreme Court: Operational creditors cannot continue civil suits or arbitration after resolution plan approval if claims were not crystallised
The Court therefore held that, when read harmoniously, the Resolution Plan did not preserve pending claims but instead extinguished them upon its approval. The Supreme Court has held that operational creditors cannot continue civil suits or arbitration proceedings for pre-insolvency dues after approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 (IBC),…
Why do lottery winners go bankrupt? – The Low Down
This series is adapted, with permission, from a Chinese-language series by our friend Marcus Ji, who looks at historical events through an economic lens. We have condensed and adapted the original for an international audience. According to data cited by the US Certified Financial Planner Board, roughly a third of lottery winners eventually declare bankruptcy…
IMF lifts Ghana from debt distress list, unlocks $371m – The EastAfrican
IMF lifts Ghana from debt distress list, unlocks $371m The EastAfrican Read the original article here
SA workers turn to gambling to pay debt, study finds
More than half of South African workers are turning to sports betting and online gambling to plug budget shortfalls and to pay off existing debt, a survey showed. About 53% of South African workers between the ages of 18 and 65 and earning at least R8 000 ($477) a month are turning to wagering, with…