Jetline Travel enters administration itij.com
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Filing for bankruptcy can inspire shame and discomfort, but it’s really just a legal, and sometimes necessary, debt-relief tool to help people get back on firmer financial footing.
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While nobody sets out to file for bankruptcy, if the alternative is being unable to get out from under a mountain of debt that keeps piling up, or other legal repercussions, it might be the better option.
Experts explained some key signs that consumers would benefit from filing for bankruptcy when it’s used as a debt-relief tool.
If the collections calls or…
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In a landmark ruling delivered on 10 April 2025, the High Court of Justice adjudicated a notable case involving Dean McGuinness, the director and shareholder of Hitcham Homes Limited, and Goldentree Financial Services. This case, officially designated Dean McGuinness & Anor v Goldentree Financial Services Plc & Anor, stems from contentious financial dealings linked to substantial loans that Goldentree provided for various property developments in Wooburn Green and Hungerford.
The intricate legal battle commenced when Goldentree appointed joint administrators for Hitcham Homes Limited on 21 April 2023, prompting McGuinness to challenge the legitimacy of this administrative decision under the Insolvency Act 1986. He argued that there was…
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Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny.
Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all filed notices under the Bankruptcy and Insolvency Act, a process that gives financially strained companies 30 days of protection from creditors while they come up with a plan to restructure.
Trochu is where Sunterra processes its pork in Alberta. The facility was damaged in a fire last summer and has not yet reopened.
Sunwold Farms is a pig operation in South Dakota where…
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BENGALURU : Granting limited indulgence, the Karnataka High Court Thursday passed an interim order directing the Resolution Professional in the M/s Think and Learn Private Limited, i.e., Byju’s case, to preserve all the emails of conversations between all the stakeholders in the case at hand. These emails would be required for the Corporate Insolvency Resolution Process (CIRP) or investigation, as the case may be, the court said.
Justice M Nagaprasanna passed this order after hearing a petition filed by Byju Ravindran, one of the promoters and suspended director of the company. During the hearing, the petitioner’s counsel submitted that if emails were deleted, it would have an adverse effect as they are the primary evidence of the…
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The latest inflation report, released this week, showed that inflation fell to 2.4% in March, offering some relief for Americans who have been struggling under the weight of today’s high consumer goods prices. For those with credit card debt, though, the news that inflation dropped was likely just a temporary relief. Credit card debt is negatively impacting the finances of millions of…
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But he will still appear on the WA Senate ballot paper, as electoral laws do not allow the commission to reject a fully completed nomination “regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate”.
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Autostrade Meridionali S.p.A. Approves Interim Liquidation Balance and Remuneration Policy TipRanks
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HARRISBURG — An effort to spend a fraction of Pennsylvania’s annual budget to pay off medical debt for thousands of residents ended Wednesday in the state House.
Democrats and Republicans on the House Health Committee voted in unison to eliminate the Medical Debt Relief Program initiative from a proposed bill that, when first introduced in the prior legislative session, built upon estimates that a $4 million spend could eliminate up to $400 million in medical debt for eligible recipients.
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Increased reliance on payday loans for Finnish gamblers ReadWrite
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Eternal, the company that owns the food‑delivery giant Zomato, has begun liquidating Zomato Netherlands B.V., a step‑down subsidiary with no active business and a net worth of about Rs 32 lakh.
In a filing with the stock exchanges, the company said the unit “is not a material subsidiary,” so closing it will not affect revenue. The process, launched less than a month after the firm rebranded itself from Zomato Ltd. to Eternal Ltd., is expected to be completed within a year.
The liquidation is Eternal’s first corporate disclosure since the name change took effect on the…
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