Re Chaptre Finance: expert evidence in English restructuring plan proceedings Taylor Wessing
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KUALA LUMPUR: A total of 5,272 youths below age 34 have been declared bankrupt from 2020 to this year, Youth and Sports Minister Hannah Yeoh says.
She said that of the total, 5,189 were between 25 and 34, while 83 others were below age 25.
“The trend of bankruptcy among youths shows an increase, with 877 cases recorded in 2024, which is 150 cases higher than the 727 cases recorded in the previous year.
“Insolvency Department records show that the main cause of bankruptcy cases in 2024 was personal loans, which accounted for 2,776 cases or 46.4% of the total 5,977 bankruptcy cases,” she said in reply to Senator Roderick Wong Siew during Question Time at the…
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Frankie Dettori has been left ’embarrassed’ after being forced to file for bankruptcy having failed to find an agreement with HMRC over a long-running tax avoidance case.
The world’s most famous flat jockey stopped riding in Britain in October 2023 but shelved plans to retire by deciding to take up a new opportunity in the…
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Daybreak Farms reassures stakeholders amid CEO resignation and liquidation rumours MSN
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Sponsored: Credit Card Debt Relief for Texans WFAA.com
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As Elon Musk continues to head the Department of Government Efficiency (DOGE), one legendary golfer is standing in his corner.
The agency has continued to root out waste, fraud and corruption in the federal government ever since President Donald Trump took office in January.
Phil Mickelson posted on social media Tuesday that he feels the American people should be grateful for Musk’s work.
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“It’s incredibly kind and generous of Elon Musk to help America become fiscally responsible. We all owe him a huge debt of gratitude,” he posted. “Nicola Tesla was unappreciated while he was alive despite his numerous contributions to humanity. I hope Elon is shown the appreciation…
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Eskom’s financial recovery: Treasury adjusts R70bn debt relief package IOL
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Sponsored: Credit Card Debt Relief for Texans WFAA.com
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Property manager Haven Living in liquidation BusinessDesk
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Domino’s pizza stores topple into liquidation, $2m owed, director untraceable BusinessDesk
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To date, Wynyard NZ’s unsecured creditors have been paid just 9c in the dollar.
The New Zealand liquidation of delisted crime-fighting software company Wynyard Group is likely to be wrapped up soon, more than eight years after it went into voluntary administration.
Liquidators Calibre Partners say in their latest report that the liquidation of one of the country’s largest
…
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In January, Columbia economics professors Martín Guzmán and Joseph Stiglitz published a report, “How New York State Lawmakers Can Help Address Debt Crises in the Global South,” to support legislative attempts to reform the state’s role in debt restructurings for countries with distressed economies. The report includes recommendations that legislation should blunt incentives for vulture funds, which profit from buying defaulted bonds and litigating full repayment through the courts, and reduce the interest rate accrued by creditors during the time between default and settlement.
These efforts are crucial, explain Guzmán and Stiglitz, because 3.3 billion people live in countries that spend more on debt service than on health….
