Insolvency Guardian Media Centre
Mixed reaction over Tshwane’s proposed R10 billion debt relief for unpaid bills MSN
Read the original article here
The Union government has assigned benches to 21 of the 24-newly appointed judicial and technical members of the National Company Law Tribunal (NCLT), weeks after calls to fast-track the assignment-process were made by the NCLT Bar Association. The Supreme Court too had in a November 2024 ruling expressed disappointment regarding the large vacancies in the NCLT.
The Centre in January had appointed 24 new members to 11 NCLT Benches across the country to fill the vacant positions. There are in total 16 NCLT benches in India, with a sanctioned strength of 63 members (both judicial and technical combined).
Sources say the delay in assigning the benches was mainly because the induction programme was not concluded. The programme is…
Read the original article here
Temuka business placed into liquidation The Press
Read the original article here
Apex court: Gambling debt not legally binding, unenforceable MSN
Read the original article here
Summary
- Emile Heskey had an impressive career playing for the likes of England and Liverpool.
- Heskey was believed to be worth £12 million at one stage of his life but declared bankruptcy in 2024.
- Heskey got himself into financial trouble after investing in a celebrity tax scheme.
Football may be a career of glitz and glamour at times, where fame and fortune can come to those at the very top of…
Read the original article here
Cult designer womenswear brand Tuchuzy has fallen into voluntary administration for the second time.
The Australian Securities and Investments Commission (ASIC) shared the news in a notice on its website, confirming that administrators were appointed on February 13 this month.
Antony Resnick and Henry Kwok from dVT Group have been appointed as joint administrators.
The first creditor’s meeting was held virtually on February 25 this week. No other details have yet to be released.
This is the second time Tuchuzy has fallen into voluntary administration, with the Bondi-based business first collapsing in 2020.
The business came out the other side through a Deed of Company Arrangement.
The recent administration also comes more than a…
Read the original article here
Many Americans—about half—carry credit card debt from month to month, and about 53 percent of them have been in debt for more than a year, according to a survey by Bankrate.com. Households with credit card debt owe an average of $10,562, according to personal finance website NerdWallet.
Not paying off balances racks up even more debt. The Federal Reserve reports that average interest rates on unpaid credit card balances is nearly 23 percent, which means those making minimum payments each month on a $10,000 balance won’t pay it off for 27 years, and the final amount paid would be $24,423.
Carrying a balance on a retailer-affiliated credit card can cost even more: Some store cards now charge 30 to 35 percent interest; making the…
Read the original article here
Trio of factors keeps lid on personal bankruptcies The Australian
Read the original article here
Media release
3 March 2025
Bankruptcies buck insolvency trend as alternative solution gains momentum
Bankruptcies are defying the broader surging insolvency trend, driven by low unemployment, rising property values, and a lenient stance from the big-four banks, while interest in Personal Insolvency Agreements – a viable alternative to bankruptcy – grows, reports business recovery and personal insolvency specialist Jirsch Sutherland.
“Bankruptcies are not following the same trajectory as corporate insolvencies, largely due to a trio of factors,” says Malcolm Howell, Partner at Jirsch Sutherland. “Firstly, unemployment remains in the ‘4s,’ whereas personal…
Read the original article here
An Italian soccer star suspended for ten months after violating sports betting regulations spent that time helping natives to his new English city kick their gambling addictions.
The supporters of Newcastle United were buzzing with excitement when in the summer of 2023, the club signed Italian midfielder Sandro Tonali. The highly-rated midfield general was seen as another vital brick in a team structure that was fast becoming one of the most formidable in the English Premier League.
But just a few months after arriving in Newcastle, Tonali was found guilty by authorities in Italy and England of violating European rules against players engaging in sports betting. Having cost the club over $70…
Read the original article here
Israeli cybersecurity company Skybox Security filed a request with the Tel Aviv District Court on Sunday for an order to open proceedings. The company has not paid its employees their February salaries, with debts to them amounting to approximately NIS 10 million ($2.78M).
According to the request submitted through attorneys Pinni Yaniv and Shahar Kedem of the Meitar law firm, Skybox was established in Israel in 2002 by its parent company, Skybox…
Read the original article here
Access to this page has been denied because we believe you are using automation tools to browse the website.
This may happen as a result of the following:
- Javascript is disabled or blocked by an extension (ad blockers for example)
- Your browser does not support cookies
Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.
Reference ID: #00e74ab0-f63a-11ef-b36c-f3dfffab4b7c