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The National Company Law Tribunal, New Delhi bench comprising Chief Justice (Retd.) Ramalingam Sudhakar (President) and Avinash K. Srivatava (Technical
A company planning to eliminate $10 million in debt for some western North Carolina residents has enlisted former UNC basketball coach Roy Williams to spread the news.
Verizon and ForgiveCo plan to to eliminate $10 million in consumer debt for 6,500 western North Carolinians, a news release from Verizon said. The debt relief is aimed to help people as they recover from Hurricane Helene.
No application was required for debt to be relieved. Instead, those impacted will get surprise letters, emails and text messages, the release said.
A lucky few may get a call from Williams, who was born in Marion in 1950.
In a press conference Friday, Jan. 31, at Verizon’s South Asheville store, the organizations…
The National Company Law Tribunal, New Delhi bench comprising Chief Justice (Retd.) Ramalingam Sudhakar (President) and Avinash K. Srivatava (Technical Member) has held that a pre-existing dispute between the Financial Creditor and Corporate Debtor does not bar a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) to be entertained.
The Tribunal also held that a claim of the Financial Creditor which did not form part of the Resolution Plan of the Holding/Parent Company is not extinguished because at the time of Corporate Insolvency Resolution Process (“CIRP”) of Parent Company of corporate guarantor, there was no default on the part of Corporate Debtor and hence there was no occasion to…
“Khun Soo Rao Chuay”, or “You Fight, We Help,” has surpassed 500,000 registrations, with applications open until the end of February.
BANGKOK, Thailand – The government’s debt relief initiative, “Khun Soo Rao Chuay”, or “You Fight, We Help,” has surpassed 500,000 registrations, with applications open until the end of February. A total of 48 financial institutions have pledged their support for the program, aimed at assisting borrowers struggling with debt.
Deputy Government Spokesperson Sasikarn Wattanachun provided an update on the program, which includes two key measures. The first, “Pay on Time, Keep Your Assets” or “Jai Trong Kongsap”, offers debt restructuring for small-scale…
Governor Phil Murphy has announced a third round of medical debt elimination, benefiting over 20,000 residents with a total of $26 million in debt relief. This initiative is part of a partnership with the national non-profit, Undue Medical Debt, which has already helped eliminate $246 million in medical debt for 147,000 New Jersey residents.
The latest round of debt relief will erase an average of $1,300 in medical bills per person. The state allocated $270,000 in federal funds from the American Rescue Plan to achieve this goal. According to NorthJersey.com, those eligible for relief are individuals below 400% of the federal poverty line or those with medical debts exceeding 5% of their annual income.
According to the survey, the NCLT reported adjudicating 34,690 cases out of 35,501 cases filed, achieving a 98% adjudication rate as of July 2024. However, 2,593 cases are still awaiting admission, and 4,723 cases remain pending after admission. As of September 2024, 30 courts and 16 benches (of NCLT) were functioning headed by the President, and 31 each of judicial and technical members, the survey noted.
Addressing the reason for the delay, the survey said
“Reasons for delay in admission occur as the AA (NCLT) tries to establish the existence of debt and default, as promoters file objections. Including evidentiary proof in the form of contracts, GST filings, etc., is all provided for, but all of this can be contested.”
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A pair of closed Nottinghamshire restaurants, which are being liquidated, owe hundreds of thousands of pounds to various creditors. Madam Yaks Ltd, which’s trading address was listed as The Herbalist & Dante’s Italian in Retford, appointed liquidators on Tuesday, January 28.
The eateries, which had both been located on Bridgegate, closed in October but the family who ran the businesses said this was due to “exciting plans for the future” elsewhere. Madam Yaks Ltd, which was listed at the venues, had £0 in assets to provide to creditors when it was placed into liquidation, according to documents submitted by CB Business Recovery to Companies House.
The filed documents estimated a total of £220,235.78 was owed to suppliers, a company…
A high-profile attorney who has argued cases before the Supreme Court was indicted Thursday after federal prosecutors in Maryland accused him of tax evasion and using his law firm’s money to pay millions of dollars in high-stakes poker debt.
Thomas Goldstein, 54, the publisher of SCOTUSblog, has been charged with several tax-related crimes, along with making false statements on loan applications, according to an federal indictment obtained by HuffPost.
From 2016 until March 2023, Goldstein was the sole owner of his law firm, Goldstein & Russell, and rose to prominence over the years, arguing more than 40 cases in the Supreme Court. In 2002, Goldberg and his wife founded SCOTUSblog, a popular news outlet covering the Supreme Court.
“These are challenging times, but I’ve seen the strength and resilience of this community,” Williams said.
CHARLOTTE, N.C. — Legendary North Carolina Tar Heels basketball coach Roy Williams and Verizon teamed up to help erase $10 million in consumer debt for western North Carolina families impacted by Hurricane Helene.
Verizon called on Williams to directly contact families still dealing with Helene’s devastation to share the news that their debt would be relieved. The random act of kindness model was enabled by Verizon’s partnership with ForgiveCo, which also worked with the wireless provider to clear debt for military veterans through its partnership with the…
ASHEVILLE, N.C. (WLOS) — $10 million worth of debt forgiveness is coming to thousands of Western North Carolina residents who are still reeling from the destruction that Hurricane Helene left behind.
Verizon has partnered with the public benefit corporation “ForgiveCo” to forgive debt to 6,500 residents who were impacted.
Also collaborating is renowned North Carolina Tar Heels basketball coach and Asheville native Roy Williams. He has signed on to directly call Helene-impacted families to share the news of their debt being relieved.
Leighanne Lanier, Verizon Consumer Group market president, said that this is about Verizon being a good corporate neighbor.
