Insolvency Guardian Media Centre
Background and Proceedings
The High Court recently delivered a significant judgment in the case involving MPB Developments Limited, where a winding-up petition was filed by Cresta Estates Limited, Luxor Properties Limited, and Stanbreck Properties Ltd. The petition was presented on the grounds of the company’s alleged inability to pay its debts, as outlined under section 122(1)(f) of the Insolvency Act 1986.
Case Details
The company, MPB Developments Limited, was initially incorporated in 2018 with the intention of engaging in property investment and development projects. The petitioners, Cresta and Luxor, both owned by the Erlich family, provided substantial loans to the company, which were due for repayment by the end of 2029. The…
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Small business restructuring booms amid economic strain Herald Sun
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Bruno Mars Jokes About His Gambling Debt Rumors Following Spotify Record: See What He Said MSN
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By Vermont Treasurer Mike Pieciak
As Vermont’s Treasurer, I am committed to making investments that lower costs, strengthen our economy, and support healthier communities. I believe every Vermonter deserves a fair shot at success, regardless of the situation they are born into.
Yet, for too many Vermonters, the cost of health care stands in the way of investing in their future. Vermont has some of the highest health care costs in the country, forcing Vermonters to either forgo necessary treatment or be burdened with medical debt through no fault of their own.
We’re all just one health crisis away from being hit with medical debt, and that debt can linger for years, dragging down credit scores and making it more expensive to buy a…
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Proposed Legislation Threatens To Raise Costs for Student Borrowers and Dismantle Consumer Protections Center For American Progress
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RALEIGH — The North Carolina Department of Health and Human Services received approval from the Centers of Medicare and Medicaid Services to continue the Healthcare Access and Stabilization Program that makes hospital incentives for the state’s medical debt relief initiative possible.
The first two years were approved in July 2024. This new approval supports the state’s work to relieve more than $4 billion and a decade’s worth of medical debt for nearly 2 million low-and middle-income North Carolinians and prevent accumulation of new debt going forward.
“Carrying medical debt for too many people is like carrying a financial anvil. North Carolina’s medical debt relief initiative is…
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olegkruglyak3 / AdobeStockLOS ANGELES, Calif. — CSS IMPACT, the leading provider of AI-driven debt collection financial ecosystem solutions, through its specialized division, ImpactAI Solutions, is thrilled to announce the launch of groundbreaking advancements within the IMPACT Enterprise Debt Collections Software Suite: the Interactive Voice AI Smart Collectors, Ava and Ivan. These state-of-the-art AI-powered agents are set to revolutionize the debt collection industry by speaking 40+ languages and offering seamless, compliant, and highly efficient automated communication and payment solutions.
Redefining AI-Driven Collections
ImpactAI presents Ivan – the Interactive Smart AI Collector, an advanced AI-driven collector…
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New Delhi, Feb 5 (PTI) The Insolvency and Bankruptcy Board of India has amended rules to allow distressed homebuyers to take possession of their properties while the resolution process is ongoing.
The amendments, notified on February 3, and effective immediately, aim to enhance efficiency in insolvency proceedings, particularly for real estate projects, by introducing measures such as appointing facilitators, involving land authorities in the process, and ensuring better monitoring of resolution plans, according to an official release.
The Insolvency and Bankruptcy Board of India (IBBI) has amended rules governing the corporate insolvency resolution process.
One of…