Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
PLMJ is a law firm based in Portugal that combines a full service with bespoke legal craftsmanship. For more than 50 years, the firm has taken an innovative and creative approach to produced tailor-made solutions to effectively defend the interests of its clients. The firm supports its clients in all areas of the law, often with multidisciplinary teams, and always acting as a business partner in the most strategic decision-making processes.
Indian Renewable Energy Development Agency Ltd. on Wednesday filed a bankruptcy application against Gensol Engineering Ltd. for a default of Rs 510 crore.
The public sector green energy financier filed the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, according to a stock exchange filing.
Section 7 of the IBC outlines the process for initiating the corporate insolvency resolution process (CIRP) against a corporate debtor by a financial creditor. A financial creditor can initiate the CIRP by filing an application with the National Company Law Tribunal when a default has occurred.
DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of financial solutions in the United States, is proud to introduce new and improved Debt Relief Programs for 2025 through its trusted brand, Viva Debt Help. As more Americans struggle with rising debt, limited savings, and high-interest payments, Viva Debt Help aims to simplify access to effective debt relief solutions. Whether you’re exploring debt consolidation options, need fast debt help, or…
DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of financial solutions in the United States, is proud to introduce new and improved Debt Relief Programs for 2025 through its trusted brand, Viva Debt Help. As more Americans struggle with rising debt, limited savings, and high-interest payments, Viva Debt Help aims to simplify access to effective debt relief solutions. Whether you’re exploring debt consolidation options, need fast debt help, or want to learn if National Debt Relief is legit, this platform connects you with some of the best debt relief companies in the USA.
Will artificial intelligence (AI) help smash through the technical debt that has been growing in recent years? Or will emerging technology add a new layer of issues? Or, looking at it another way, could the overhang of technical debt slow down efforts to adopt AI? The good news is that a recently issued report suggests AI may be an answer to finding and reducing systems that slow things down.
Technical debt is defined as shortcuts or workarounds taken to meet delivery deadlines quickly, according to tech analyst Gartner. The most recent figures available put accumulated software technical debt at more than $1.52…
Hudson’s Bay Co. will decide on a buyer or buyers for its assets and store leases by early to mid-June.
During a court appearance on Tuesday, Ashley Taylor of Stikeman Elliott LLP, who is representing HBC, provided the timeline, saying that the company will be back in court in two to three weeks to seek approval of one or more transactions.
Canada’s oldest retailer has received 17 bids for its assets and operations, according to court documents. Those could include bids on the company’s intellectual property, such as its historic stripe design, the Hudson’s Bay name, and private label brands. They could also include bids on records such as customer databases and other company assets.
The federal government has set the exchange rate at Rs290 per dollar for the upcoming fiscal year’s budget, slightly stronger than the current year’s rate of Rs295. This adjustment aims to improve the accuracy of foreign aid, loan repayments, and other financial calculations in local currency.
With interest payments on debt projected to reach Rs8.5 trillion, experts believe a stronger rupee and lower policy rates could help reduce the overall debt servicing burden. Estimates suggest that Pakistan may save over Rs1.4 trillion in debt payments compared to the current fiscal year.
As part of its fiscal planning, the government is beginning virtual budget discussions with the International Monetary Fund (IMF) today. An IMF delegation…
