Insolvency Guardian Media Centre
Key takeaways
- Before taking on a balance transfer offer to consolidate debt, budget for a monthly payment plan to pay it off.
- Select a balance transfer card that’s suited to your credit score and look into the terms and conditions of the offer.
- Make it a priority to pay off the transferred balance within the introductory 0 percent APR period, otherwise…
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Eight former African Heads of State and Government have signed the Cape Town Declaration, a landmark call for urgent debt relief for highly indebted nations and reduced borrowing costs for all developing countries.
The declaration was endorsed at the launch of the African Leaders Debt Relief Initiative (ALDRI), a collective push for comprehensive reforms in the global financial system.
The initiative was unveiled during the G20 Finance Ministers’ meeting in Cape Town, where South Africa, as the current G20 President, has placed debt sustainability at the core of its agenda. The declaration also aligns with the African Union’s Agenda 2063, reflecting the continent’s long-term economic aspirations.
A UNITED…
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Translated by
Nazia BIBI KEENOO
Published
February 27, 2025
…
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Casting agency to Doctor Who and Peaky Blinders being liquidated Wales Online
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Yet another increase to the energy price cap was announced yesterday, adding further pressure to household incomes, amidst an array of rising bills and costs.
Dr Elaine Robinson a Research Associate at Loughborough University, who specialises in quantitative analysis to identify patterns and trends related to low income and fuel poverty, explains why the increase is set to hit households hard, especially those on low incomes.
“The latest increase in the energy price cap is a response to global market prices rises for gas and Ofgem have highlighted the need to reduce our dependence on gas. The 6.4% increase is on top of rises in January 2025 and October 2024 and equates to an annual energy price rise of 9.4%.
“At the same time,…
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Eight former African Heads of State and Government, including Nigeria’s Olusegun Obasanjo and Yemi Osinbajo, have signed the Cape Town Declaration, calling for the critical need for debt relief for highly indebted nations and advocating for lower borrowing costs for all developing countries.
The Declaration was signed on Thursday, February 27, 2025, at the launch of the African Leaders Debt Relief Initiative (ALDRI), which reflects the leaders’ commitment to rallying for a comprehensive debt relief strategy for countries in dire financial situations.
The launch of the initiative…
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The Tribunal noted that the CoC had approved the plan with a 100% majority after considering concerns regarding compliance and inter-se distribution.
The Resolution Plan for Reliance Big Private Limited, which was submitted by ACME Cleantech Solutions Private Limited, has been authorized by the National Company Law Tribunal (NCLT), Mumbai bench, which is composed of Justice V. G. Bisht (Judicial Member) and Shri Prabhat Kumar (Technical Member).
In accordance with Section 30(6) of Section 31(l) of the Insolvency and Bankruptcy Code, 2016 (“Code”) and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons), 2016 (“IBBI Regulations”), Mr. Rohit Ramesh Mehra…
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Translated by
Nazia BIBI KEENOO
Published
February 27, 2025
…
Read the original article here
Translated by
Nazia BIBI KEENOO
Published
February 27, 2025
…
Read the original article here
Is forced liquidation looming for Bitcoin’s biggest corporate believer? Strategy’s stock is crumbling, Bitcoin is struggling, and debt is piling up. Could the company’s aggressive strategy backfire?
Forced liquidation fears explode
For months, Strategy (formerly MicroStrategy) had been riding high, propelled by Bitcoin’s (BTC) relentless rally and renewed optimism in crypto markets following pro-crypto Donald Trump’s return to the White House.
The company’s stock soared to an all-time high of $543 in November 2024, mirroring Bitcoin’s surge to fresh records. But the euphoria didn’t last. On Feb. 26, MSTR plunged to $263 — a staggering 52% drop from its peak.
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Three years after her stage four cancer diagnosis, Brittany Lewis has surpassed the median survival rate for glioblastoma, a highly aggressive type of brain tumor.
Her diagnosis and treatment, however, came with a five-digit price tag that has added financial distress to a mentally and physically challenging prognosis.
“Financial problems are not something you want to have, especially in the midst of someone telling you you have six months to live or, yeah, you have about 18 months to live,” she said.
In Texas, about 10.7% of adults — about 2.3 million people — have medical debt, according to the health policy nonprofit KFF. Nationwide, around 20 million people — 1 in 12 adults —…
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Retires Nomura Senior Secured Credit Facility
Makes Strategic Investment and Loan in Joint Venture Overseeing JOANN’s Liquidation
B. Riley used approximately