Insolvency Guardian Media Centre
Electric Guitar PLC Faces Operational Shift as 3radical Limited Enters Liquidation TipRanks
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- Will take over all relevant functions from Central Bank,Treasury
- Public Debt Management Act of 2024 in operation now
The newly established Public Debt Management Office (PDMO) will centralise the country’s debt management operations in a holistic manner, the Finance Ministry said.
The PDMO will take over all the relevant functions from the Central Bank of Sri Lanka, the External Resources Department and the Treasury Operations Department and will be fully operationalised by January 2026.
Key responsibilities of the PDMO include, management of the debt of the Government, issuance and management of loan guarantees, management of on-lending operations and recording and reporting of public debt. The Public Debt Management…
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Somalia’s Finance Minister Bihi Egeh (left) and French Ambassador Arnaud Suquet after finalising the debt relief process with the government of France totalling $145.6 million. (Photo: Handout)
Russia has joined a growing list of countries writing off Somalia’s debts, offering the Horn…
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INDIAN LAND, S.C. (WBTV) – A Lancaster County church gave an early Christmas gift to families with medical debt in North and South Carolina.
Transformation Church’s lead Pastor Derwin Gray made the surprise announcement on Sunday, Dec. 22, during services at the church’s Indian Land location.
“Transformation Church, because of your generosity, we are going to alleviate, eradicate, and erase $10 million of medical debt for people in North Carolina and South Carolina,” Gray shared.
The announcement comes as the church has been celebrating the Christmas season by announcing donations to local organizations. Over the last two weeks, the church announced an $80,000 gift to the Women’s Enrichment Center in Lancaster and $50,000 to…
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Its liquid-cooled direct current fast charging equipment was designed to be compatible with a wide number of electric car brands, including Tesla, BYD and others across the world, having expanded to more than 47 countries with 13,000 DC (direct current) chargers in operation.
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Farmers, under the banner of the Samyukt Kisan Morcha, staged a protest in Sirsa on Monday, submitting a memorandum addressed to President Droupadi Murmu. The protest aimed at reminding the Central Government of its unfulfilled promises made on December 9, 2021, during the farmers agitation.
The key demands included enacting a law guaranteeing minimum support price (MSP) for crops and complete debt relief for farmers and labourers. The protesters also urged the government to save the life of farm leader Jagjit Singh Dallewal, who is on a hunger strike at the Khanauri border, by addressing his demands.
Farmers burnt copies of laws sent by the Central Government to state governments regarding agricultural markets, expressing strong…
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PUBLISHED : 24 Dec 2024 at 07:02
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Dive Brief:
- Party City on Saturday filed for Chapter 11 bankruptcy protection in the Southern District of Texas.
- The party supplies specialist also announced it will close its entire footprint, which at the time of its bankruptcy filing consisted of nearly 700 stores, according to court documents. The company has hired Gordon Brothers to assist in the liquidation process.
- This marks Party City’s second trip through…
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Party City’s going out of business sales have started at over 600 locations nationwide, including five in the Las Vegas Valley.
After CEO Barry Litwin announced on Dec. 20 that the company was going out of business, the party supplies retailer started sales at 692 locations. Discounts of up to 50 percent off all items will be offered in-store.
All Party City stores are slated to close on Feb. 28.
The retailer has hired the Gordon Brothers to supervise the liquidation sales, the same company as Big Lots.
The New Jersey-based company filed for bankruptcy in January 2023 after struggling to pay off its $1.7 billion debt. While closing 80 locations from end of 2022 to August 2024, the store managed to cancel almost $1 billion in…
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Salt & Lime directors, wives ‘paid $1m-plus’ before collapse The Australian
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By NEIL HARTNELL
Tribune Business Editor
TWO Nassau resorts, and their Bahamian holding entities, are not caught by yesterday’s “last resort” bid from Baha Mar’s contractor to protect its US arm from Sarkis Izmirlian’s “crippling” $1.6bn damages win.
CCA Construction Inc, the contractor’s New Jersey-based entity, confirmed it had sought Chapter 11 bankruptcy protection in the US legal system to safeguard its assets and business from any attempt by Baha Mar’s original developer to enforce his near-total New York State Supreme Court triumph by seizing their property.
The Chinese state-owned contractor, in a statement, said the move was intended to preserve its ability to overturn Mr…