Indian Crash Game Addict Kills Mom Over Online Gambling Debt

Police in India have arrested a crash game-addicted 20-year-old for murdering his mother with a screwdriver. [Image: Shutterstock.com] Uttar Pradesh Police (UPP) in India have arrested a 20-year-old man addicted to the globally popular online gambling game Aviator. He is accused of stealing his mother’s jewellery, and then killing her. According to UPP, Nikhil Yadav was…

Ekniti launches 10-billion-baht AMC plan to tackle bad debt

Consolidating debts and restructuring payments The initiative’s core objective is to help and rehabilitate debtors with loans scattered across multiple lenders. Once consolidated, their repayment capacity will be reassessed, allowing for restructuring through principal and interest rate reductions. “Once we buy the debts, we can consolidate each borrower’s obligations and assess their true repayment ability.…

Cut to student debt set to help economy

By Rowan Holzberger MOST Australians instinctively understand the value of a good education.  A trade certificate, a TAFE diploma, a university degree. It’s the ticket to a better life. But with cost-of-living pressures and student debts piling up, that ticket has started to feel more like a millstone than a launchpad. That’s why the Albanese…

A Review of Cancellation-of-Indebtedness Income Timing and the Variance Doctrine — Current Federal Tax Developments

When advising clients on complex debt relief transactions, it is crucial to understand not only the substantive law governing the timing of income recognition but also the procedural prerequisites for challenging IRS determinations. The recent Summary Order issued by the United States Court of Appeals for the Second Circuit in Romeo Salta, Jr., Phyllis Polega…