While these undisclosed obligations are not large when compared to global public debt topping $91 trillion, they pose a growing threat to low-income countries, already highly in debt with annual refinancing needs that have tripled in recent years. The problem is even more pressing amid higher interest rates and weaker economic growth. Accountability, too, is imperiled without accurate information about the extent of borrowing, which heightens the risk of corruption.

These potentially dire consequences can be avoided by strengthening domestic legal frameworks. Our new paper, The Legal Foundations of Public Debt Transparency: Aligning the Law with Good Practices, presents findings from a survey of 60 countries that examined…

Posted By: Peter Gosnell
17 November 2023

At first glance, schooling accountants on saving businesses when one of your own companies is hopelessly insolvent would seem presumptuous.

But maybe insights that cannot be acquired without enduring the stigma of unmanageable indebtedness imbue one with unmatched credibility?

Certainly the recent placing of two companies into liquidation – one of which owes the Australian Tax Office (ATO) $1.4 million – hasn’t discouraged prominent pre-insolvency advisor Hank de Jonge from presuming to speak on the topic of Saving Businesses: Accountants Guide to Tackling Corporate Insolvency at next week’s…

DES MOINES, Iowa (KCCI) – Some school districts in Iowa are reporting thousands of dollars in unpaid lunch accounts.

With the first day of school approaching, one man is calling on others to help pay off lunch debts, just like he did in his community.

School lunch is considered a learning necessity.

“When students are fed, they perform better in the classroom,” childhood nutritionist Kaitlyn Scheuermann said.

So, even when a child can’t pay, schools in central Iowa feed them, but the deficit in dollars unpaid is adding up.

That’s where Rick Vernon stepped up.

“I called the superintendent of schools, Tom Messinger, discussed this with him and he said it was definitely a problem,” Vernon described.

The Newton Schools alumnus found…

The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has directed the Enforcement Directorate (ED) to lift the PMLA attachment on the corporate debtor’s assets, citing the protection granted under Section 32A of the Insolvency and Bankruptcy Code ( IBC ) for Successful Resolution Applicants ( SRA ). NCLT while approving…

Nascar has agreed a multi-year partnership with credit counselling company National Debt Relief.

Contract:

• New York-based firm becomes the first debt relief partner of the stock car racing series
• The deal includes prominent signage at events, Nascar-themed advertising in race telecasts, and ‘investments’ on Nascar’s digital platforms and radio broadcaster Motor Racing Network

Context:

This partnership builds on the initial deal that National Debt Relief agreed with the Chicago Street Race last month. The move to increase its involvement with Nascar comes at a time when household debt is increasing in the US, with a rise of US$184 billion in Q1 of this year.

Comment:

“Over the course of our 76-year history, Nascar has taken great pride…

DES MOINES, Iowa (KCCI) – Some school districts in Iowa are reporting thousands of dollars in unpaid lunch accounts.

With the first day of school approaching, one man is calling on others to help pay off lunch debts, just like he did in his community.

School lunch is considered a learning necessity.

“When students are fed, they perform better in the classroom,” childhood nutritionist Kaitlyn Scheuermann said.

So, even when a child can’t pay, schools in central Iowa feed them, but the deficit in dollars unpaid is adding up.

That’s where Rick Vernon stepped up.

“I called the superintendent of schools, Tom Messinger, discussed this with him and he said it was definitely a problem,” Vernon described.

The Newton Schools alumnus found…

Katie Price’s TikTok income is to be suspended, amid ongoing measures to
resolve a bankruptcy case against her, a court has ruled.

The 46-year-old glamour model – who was introduced using her legal name Katerina Price – did not attend the virtual hearing despite being served notice at her given addresses.

Several hours before the hearing, Price posted on TikTok to say she would be live on the platform later that evening.

Proceedings were overseen by Insolvency and Companies Court Judge Catherine Burton, with lawyer Darragh Connell representing the trustees, and lawyer Lauren Kreamer…

DES MOINES, Iowa (KCCI) – Some school districts in Iowa are reporting thousands of dollars in unpaid lunch accounts.

With the first day of school approaching, one man is calling on others to help pay off lunch debts, just like he did in his community.

School lunch is considered a learning necessity.

“When students are fed, they perform better in the classroom,” childhood nutritionist Kaitlyn Scheuermann said.

So, even when a child can’t pay, schools in central Iowa feed them, but the deficit in dollars unpaid is adding up.

That’s where Rick Vernon stepped up.

“I called the superintendent of schools, Tom Messinger, discussed this with him and he said it was definitely a problem,” Vernon described.

The Newton Schools alumnus found…

It took 12 years to bring China’s Enterprise Bankruptcy Law into existence, with it finally being enacted on 1 June 2007. On 16 April 2024, during the 23rd Chairman’s Meeting of the Standing Committee of the 14th National People’s Congress, the first revisions to the Enterprise Bankruptcy Law, agreed over a full six years, will be incorporated into the annual legislative work plan.

Bankruptcy trial work

Amid the cyclical economic adjustments and structural transformations affecting various industries, Chinese courts persist in their active response to both domestic and international risks and challenges. This concerted effort aims to refine the business environment and foster the development of novel productive…