The Moscow Arbitration Court declared bankrupt the bank “Garant-Invest”, previously deprived of a license by order of the Central Bank of Russia. The regulator also petitioned the judge about the bankruptcy of the financial structure and the opening of bankruptcy proceedings against it. This was reported today, February 12, by a RIA Novosti correspondent in…
Business start-ups rise by a third as insolvency-related activity falls across Yorkshire and Humber The Yorkshire Post Read the original article here
A subpostmaster declared bankrupt and landed with a criminal record when faulty Horizon software created errors in his accounts has finally been compensated. Keith Bell, who ran the Bishopton Road Post Office in Stockton, spent 20 years blaming himself for shortfalls on his accounts until he watched ‘Mr Bates v The Post Office’ and felt…
Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt” without budget cuts. Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in recent…
The court declared the bank “Garant-Invest” bankrupt Ореанда-Новости Read the original article here
In a rare move, the National Company Law Tribunal (NCLT) has revoked its own July 2023 order that initiated insolvency proceedings against real estate firm Logix Infrastructure. The tribunal ruled that the plea, filed by financial creditor Experts Realty Professionals, was made with “fraudulent and mala fide intentions” and involved collusion between the creditor and…
WASHINGTON: Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt“ without budget cuts. Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in…
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025. “The status of the decision is granted,” said the Court ruling as quoted on Tuesday, February 11, 2025. In addition, the Court ruling also appointed four curator…
Personal insolvency provider Carrington Dean has announced that has acquired personal insolvency business, Cleanslate from Interpath. Cleanslate is part of Interpath, an international advisory firm which specialises in the provision of advisory and restructuring services to businesses, their investors and their stakeholders. Carrington Dean is based in Scotland and is part of the Creditfix Group.…
Elon Musk, the head of Donald Trump’s Department of Government Efficiency (DOGE), has defended extensive cuts within the US government while acknowledging there have been mistakes and will be more. In an address to media on Tuesday local time while standing alongside the president in the Oval Office, Mr Musk joked that the scrutiny over…