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A crime ring travels around the nation, inviting athletes to parties where there’s gambling. The plan is to put the student-athletes in debt and compromise them for future exploitation.
The plot sounds like a Hollywood script. But at least one college official believes it’s happening in real life, part of a season pockmarked by suspicious bets on several low-profile schools across the country that suggest compromised competition.
“What we found out is they’re going into towns, throwing parties and having events, getting guys to come,” said Chris Grant, the commissioner of the Southland Conference. “And when they come to these parties, they get [players] to…
Atlas Technologies, a subsidiary of Netherlands-based Lightyear, has been declared bankrupt. For the last six years, the company has been in the works to develop the world’s first solar-powered electric car, christened Lightyear 0.
The parent firm submitted a request on January 23 to suspend payment proceedings for its operating company responsible for Lightyear 0.
According to the firm, a suspension was granted by Rechtbank Oost-Brabant located’s-Hertogenbosch in the Netherlands. “Lightyear regrets having to make this announcement for all employees, customers, investors, and suppliers and will work closely with the curator and all the people involved and hope for their understanding and support,” the company said in a
Sunday’s filing marked the brand’s second bankruptcy, as it previously filed in 2019. The company, which is expected to shut down all of its US stores unless it finds a buyer, pointed to competitors such as Shein and Temu as part of its reason for closing.
I was a frequent flyer at Forever 21 in my late teens and early 20s during its heyday, but I’m 30 now and haven’t shopped there in years.
In light of the bankruptcy news, I revisited Forever 21 to see what happened.
I visited Forever 21 after it filed for bankruptcy
Only two Forever 21s are left in Manhattan — my former go-to location at Union Square shuttered a few years ago — so I visited the 34th Street Herald…
(Reuters) – Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported.
Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found Nadezhdin had unfulfilled obligations to the bank totalling 77.4 million roubles ($918,700).
The 61-year-old, who held a seat in Russia’s parliament from 1999 to 2003, tried to run on an anti-war ticket against Putin in a March 2024 presidential election. But he was barred from standing when the…
PUTRAJAYA: The rising trend of individuals declaring voluntary bankruptcy is becoming a growing concern, signalling that many are struggling with severe financial difficulties.
In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process filed in court to protect themselves from excessive creditor claims.
Insolvency Department director-general Datuk M. Bakri Abd Majid (pic) revealed that self-declared bankruptcy cases surged by 200%, with 330 cases recorded in 2024, compared to 181 in 2023 and 116 in 2022.
“We’re seeing a rise in individuals declaring bankruptcy because they feel that they…
Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported.
Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found Nadezhdin had unfulfilled obligations to the bank totalling 77.4 million roubles ($918,700).
The 61-year-old, who held a seat in Russia’s parliament from 1999 to 2003, tried to run on an anti-war ticket against Putin in a March 2024 presidential election. But he was barred from standing when the Central Election Commission said it had found irregularities, including names of dead people, in the…
(Reuters) – Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported.
Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found Nadezhdin had unfulfilled obligations to the bank totalling 77.4 million roubles ($918,700).
The 61-year-old, who held a seat in Russia’s parliament from 1999 to 2003, tried to run on an anti-war ticket against Putin in a March 2024 presidential election. But he was barred from standing when the Central Election Commission said it had found irregularities, including names of dead people,…
The National Company Law Appellate Tribunal (NCLAT) Chennai bench of Justice Rakesh Kumar Jain (Judicial Member) and Mr. Jatindranath Swain (Technical Member) has held that the order passed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (Code), directing the liquidation of the corporate debtor, cannot be set aside once the Successful Auction Purchaser has taken possession of the corporate debtor’s property pursuant to the sale conducted by the liquidator.
Brief Facts:
The Appellant has filed this appeal to challenge an order passed under section 33(2) of the Code by which the liquidation of the corporate debtor was ordered and Respondent No. 1 was appointed as the Liquidator.
