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Apollo Capital Warns MediPharm Shareholders of Continued Value Destruction and Insolvency Risk Following Disastrous Q1 Financial Results The Malaysian Reserve Read
My husband and I, who are retired, have accumulated about $7,000 in credit card debt over the past few years and need some help paying it off. What can you tell us?
— Living Underwater
Dear Living,
I’m sorry to hear about your financial woes but know that you’re not alone. Credit card debt has become a big problem in this country for millions of older Americans. According to a recent AARP report, 52 percent of adults ages 50 to 64 have credit card debt, along with 42 percent of those ages 65 to 74.
Rising costs of basic expenses like food, housing, utilities and health care are the main culprits. But now, new tariffs on products made in China and other foreign countries will make many goods more expensive,…
The Dubai Commercial Court has ordered the liquidation of a company operating in the building materials trade, appointing a legal administrator to oversee the process and inventory assets, settle liabilities, and distribute any remaining funds or movable assets to creditors.
The decision came after a creditor filed a claim of Dhs3.7 million against the company, an amount 12 times its capital of Dhs300,000.
The case details reveal that the creditor sued the company, demanding its dissolution and liquidation.
The creditor argued that the company’s losses exceeded its capital, it had completely ceased operations, lacked assets to fulfill obligations to creditors, had no registered…
Just a day removed from Aleksandar “kassad” Trifunović’s allegation that Joakim “jkaem” Myrbostad owes more than €300,000 in gambling debts to various people, BC.Game announced today that the Norweigian player has been benched.
“We’ve mutually agreed that it’s best for jkaem to take a step back from the active lineup for the time being,” the team wrote on their official X account. “This allows both the team to stay focused on their respective priorities.” BC.Game say they are currently looking for a stand-in at IEM Dallas.
A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million.
Jay Leno on Nov. 19, 2024, in Burbank, California – Credit: MEGA/GC Images
Jay Leno dismissed tabloid speculation that he has a massive gambling debt to the Mob following a series of increasingly bizarre injuries that he suffered in recent years.
In November, Leno was spotted in public with severe bruising to his face and an eye patch after an incident where he fell down while descending a 60-foot hill outside a Hampton Inn hotel in Pennsylvania. Leno also suffered a broken wrist and a lost fingernail following that accident.
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Two years earlier, Leno suffered significant burns to his face after a gas fire, which he blamed on an attempt to declog a fuel line on his 1907 White Steam Car in his garage. Leno had to…
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The Supreme Court’s decision in Bhushan Power & Steel Ltd. v. JSW Steel Ltd., reported as 2025 INSC 621, is far more than a routine appellate pronouncement. It is, in my respectful submission, a judicial earthquake. For those who have previously served on the National Company Law Tribunal (NCLT), this ruling resonates as both a validation and a rebuke: a validation of judicial resolve, and a rebuke to systemic frailty that allowed such a high-profile resolution to unravel. It compels reflection—not only upon what went wrong in this case, but upon the structural deficiencies that have taken root within the IBC ecosystem.
What began as a celebrated instance of revival—a distressed steel manufacturer rescued by a marquee corporate…
KARACHI: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, Friday said Pakistan is adopting the Malaysian Green Finance Model to enhance its debt management strategy and address climate change financing needs.
He made these remarks while addressing a gong ceremony organized by the Pakistan Stock Exchange (PSX) via video link from Karachi on Friday, marking the launch of the country’s first-ever sovereign domestic green Sukuk. The finance minister highlighted that Pakistan stands to gain valuable insights from the Malaysian model and expressed confidence that the country can effectively move in that direction.
He further told the participants that in overall debt profile of Pakistan, Sukuks have the share of around 14…
Owners of aircraft serviced by Systematic Aviation Services Sdn Bhd pay thousands of ringgit every two weeks for maintenance despite being unable to use their aircraft.
PETALING JAYA:
Owners of aircraft maintained by Systematic Aviation Services Sdn Bhd (SAS), which has now been wound up by the High Court, are in a dilemma as they may not be able to use them for at least a year.
A source said with SAS’s licences as an Aircraft Maintenance Organisation (AMO) and Continuing Airworthiness Management Organisation (CAMO) revoked, the owners must wait for approval from the Civil Aviation Authority of Malaysia (CAAM) to transfer their aircraft to another AMO.
He told FMT that the procedure may take too long as aviation regulations pertaining…
The U.S. Trustee’s Office objected to the proposed Chapter 11 plan of Creativemass, a wealth management app developer that is pursuing prepackaged liquidation, arguing that the plan would lock in prepetition…
