A state bankruptcy means the government fails to make debt and interest payments when due. 

Failure to pay debts owed to creditors may be accompanied by an official announcement by the government that it will not pay the outstanding debts, or it may sometimes occur without any official announcement.

Nearly half of the countries of the European continent, 40% of the countries of Africa, and 30% of the countries of Asia declared bankruptcy during the previous two centuries.

Ecuador has declared itself bankrupt most times among sovereign nations. 

It has declared bankruptcy 10 times. 

Brazil, Mexico, Uruguay,…

Vancouver, British Columbia – TheNewswire – December 11, 2024 – Plantify Foods, Inc. (TSXV: PTFY) (“Plantify Foods” or the “Company“) reports that its wholly owned subsidiary, Peas of Bean Ltd. (“POB”), has filed a request (file number 28001/12/24) (the “Request”) with the district court of Nof Hagalil-Nazareth, Israel (the “Court”) to open proceedings in accordance with the Insolvency and Economic Rehabilitation Law (2018). The Request is for:

1. an order to initiate proceedings for the purpose of liquidation; and

2. an order for the appointment of a trustee for POB from the list of trustees of the commissioner at the discretion of the Court.

POB has facilities in Kibbutz Gonen,…

(Bloomberg) — An arm of gym chain Physical Beauty & Fitness received a liquidation petition from a major mall operator in the city, following the shuttering of its branches earlier this year.

The wind-up petition against Physical Health Centre (TST) Ltd. was filed by Link Properties Ltd., according to a court document dated Dec. 6, and the first hearing is scheduled for Feb. 19.

Large gym chains in Hong Kong face growing pressure from high rental costs, competition from smaller rivals and a sluggish economy. Physical announced in September that it would shut down after more than 30 years in business, local media reported. It operated around 19 branches across the city before it closed, according to its website.

In August, Pure Fitness, a…

Aryza Group has announced a partnership with TransUnion.

The partnership will leverage the strengths of both companies to offer comprehensive credit and debt management solutions across all Aryza platforms and services in the UK and Ireland, whilst keeping consumer well-being at the heart of decision making.

The collaboration is designed to address the growing demand for integrated credit and debt management solutions among TransUnion’s customer bases. The partnership aims to fill the gaps identified by TransUnion for clients that are looking for more comprehensive platform and data solutions across the credit and debt management cycle. 

Kevin O’Neill, Chief Revenue Officer at Aryza said “This partnership marks a…

As the quest to resolve the global debt crisis goes on…

A team of experts has been established to bring this to action, while building a more inclusive and equitable international tax system.

READ: G20 presidency | Discussing priorities with Russia’s G20 Sherpa

This is according to Secretary-General of the United Nations, António Guterres.

He says former finance minister, Trevor Manuel is among the appointed experts.

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

In today’s challenging economic landscape, managing your credit card debt can be a daunting task. After all, the current credit card interest rate environment, in which card rates average over 23%, can lead balances to spiral out of control quickly, leaving you feeling trapped and overwhelmed. And when you add in the other economic hurdles cardholders are facing, like high consumer goods prices due to lingering inflation, it can be even more challenging to get the revolving credit card…

Elon Musk, CEO of Tesla and SpaceX, has hinted that Microsoft co-founder Bill Gates could go bankrupt because of his investment in Tesla stock. Musk’s tweet about this has gone viral, bringing attention back to their ongoing feud. The conflict started in 2022 when Gates reportedly lost $1.5 billion due to a short position in Tesla.

Elon Musk posted on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” He was referring to Gates’ bet against Tesla’s success, which could backfire if Tesla continues to rise in value. Musk has repeatedly called out Gates over this issue.

If Tesla does become the world’s most valuable company by far, that short…