Insolvency Guardian Media Centre
In September this year, he sold a 10-acre parcel in Mumbai for over USD 130 million or around Rs 1103 crore.
Several Indian businessmen continue to explore opportunities in different sectors to expand their business empires. However, their business didn’t go well in the long run. In this article, we will tell you about one such person whose airline went bankrupt after being in the air for years. His name is Nusli Wadia, the chairman of the Wadia Group.
He is an Indian billionaire businessman whose group is involved in the FMCG, textiles, and real estate industries, among other things. Group companies include Britannia Industries and home textiles company Bombay Dyeing. He also ran an airline company named Go First for several years….
Read the original article here
Topline:
The Los Angeles County Department of Public Health is launching a new program that could erase your outstanding medical debt. It’s starting off with a fund of $8 million, which could cancel up to $800 million in medical bills.
How it works: The county has partnered with Undue Medical Debt to lead the program, which is a national nonprofit focused on ending medical debt. They’ll get bill information from hospitals and other medical groups that have debt.
How do I get my bills paid? There is no application. Undue will select qualifying bills from participating providers and pay them off, so there’s nothing you need to do. You’ll get a letter in the mail if your debt gets canceled, starting in…
Read the original article here
…
Read the original article here
KATIE Price is being paid an eye-watering five-figure salary for her latest pantomime gig, The Sun can exclusively reveal.
The former glamour model was declared bankrupt for a second time in March over an unpaid tax bill of £761,994.05.
3
3
3
But Katie, 46, won’t have to pinch the pennies this Christmas as The Sun has learned she’s landed a £50,000 payday for teaming up with pal Kerry Katona in a production of Cinderella at Northwich Memorial Court.
She and Kerry, 44, are playing the wicked step-sisters in the panto, but…
Read the original article here
Casbit Group declares bankruptcy in Curacao as iGaming failures continue to rise Juventus Live ENG
Read the original article here
The Case for Local Currency Loans: How IDA Could Help Borrowers Reduce Vulnerability to Debt Crises Center for Global Development
Read the original article here
Thousands of Connecticut residents to see medical debt relief Yahoo! Voices
Read the original article here
The Los Angeles County Department of Public Health has launched the Los Angeles County Medical Debt Relief Program, an initiative designed by the Medical Debt Coalition, which is working together to address the growing crisis of medical debt that disproportionately affects vulnerable communities across the county.
The Medical Debt Relief Program will initially eliminate $500 million in debt by leveraging a $5 million investment from a motion introduced by Supervisors Hahn and Mitchell, approved by the LA County Board of Supervisors, to purchase medical debt for pennies on the dollar for low-income residents.
The Medical Debt Coalition, a multi-sector group, seeks to reach the goal of eliminating $2 billion in medical debt for Los…
Read the original article here
Lilium N.V. Subsidiaries File for Insolvency Amid Restructuring Efforts TipRanks
Read the original article here
Today, the Fall 2024 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s 2024 Fall Economic Statement.
In September and October 2024, officials from the Department of Finance and the Bank of Canada consulted with government securities distributors, institutional investors and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2025–26.
Comments received during these consultations will be taken into consideration as the debt management strategy is adjusted in the future.
The Bank of Canada and the Department of Finance thank all parties for the comments they provided during the…
Read the original article here
Twenty-three thousand Connecticut residents will get a Christmas gift from the state this year.
They’ll receive letters telling them that some or all their medical debts have been erased.
Gov. Ned Lamont said at a press briefing in Hartford on Monday that the state has partnered with the national nonprofit Undue Medical Debt to pay off $30 million in medical debts.
“Making sure that when you come out of the hospital, you don’t have another burden on your shoulders,” Lamont said,
He said the state invested $100,000 from its American Rescue Plan Act money to enable the nonprofit to leverage the debt relief in the first round of the arrangement.
“Everybody says that’s pennies on the dollar. If…
Read the original article here
Speaking on a recent episode of The Lawyers Weekly Show, Maria O’Brien, a partner specialising in restructuring and insolvency at Clayton Utz, discussed the dramatic rise in corporate insolvency in Australia this year. She also delved into the various interconnected factors that have contributed to corporate insolvency “really taking off this year”.
O’Brien indicated that the corporate insolvency figures for 2024 are on track to potentially “exceed” the peak levels experienced during the global financial crisis and have gone “well above” the numbers recorded pre-COVID-19.
She said: “That is notable, and that’s been slow in that, obviously, at the time of COVID, everyone had to have a good hard look at what they…