Outside of a mortgage, which is an essential part of buying a home for the vast majority, spending money on paying interest is not a good way to improve your financial standing.

There is a crucial distinction that must drawn between two very different types of debt though.

One is debt that exists because you do not have the money to pay it off immediately – but the other is debt you choose to have because it offers…

Having debt is widely viewed as something negative, but taking out a specific type of loan could actually help you become significantly better off.

People often aspire to be ‘debt free’ and make this a primary financial goal. There are good reasons for this in many cases, and it will be a wise move for a lot of people.

Outside of a mortgage, which is an essential part of buying a home for the vast majority, spending money on paying interest is not a good way to improve your financial standing.

There is a crucial distinction that must drawn between two very different types of debt though.

One is debt that exists because you do not have the money to pay it off immediately – but the other is debt you choose to have because it offers…

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below.

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. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of the Limitation Act, 1963, apply to proceedings under the Insolvency and Bankruptcy Code, 2016, and has condoned the delay in filing the applications.

Yorkshire and the Humber recorded a decrease in new business activity in October, as fresh figures reveal declining entrepreneurial confidence across the region.

According to the UK’s insolvency and restructuring trade body R3, 4,709 new businesses were launched in Yorkshire and the Humber during October, representing a 5.6% decrease on September’s total of 4,989. The fall in new businesses, based on an analysis of data from Creditsafe, was among the steepest in the UK and highlights a wider trend of decreasing business start-up activity across every UK region.

Other areas showing notable monthly falls included Northern Ireland (-9.9 %), the South West (-6.3%) and Greater London…

This disclaimer (“Disclaimer”) is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site…

NEW DELHI: In a major relief to realty firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against it and directed the NCLT to hear the petition afresh, considering the fresh status report filed before it over the projects.

A two-member bench of the appellate tribunal said the NCLT should have taken into consideration the directions issued by the Supreme Court in the Mansi Brar Fernandes case, where it was held that real-estate insolvency should be project-specific.

Moreover, the NCLAT also noticed an intervention application filed by different sets of homebuyers of other projects of

Parliament is reviewing a fix for India’s bankruptcy law that promises faster resolutions, but the proposed plan has some fundamental flaws.

The Insolvency and Bankruptcy Code (IBC) 2016 is up for a reset under an amendment bill currently being considered by the Lok Sabha. A key proposal is the introduction of an alternative insolvency resolution process alongside the one the IBC currently provides. This parallel process is intended to be largely out-of-court.

Marriott and Sonder have broken up, and guests are bearing the brunt of the fallout.

Hotel operator Marriott International signed a licensing agreement with short-term rental company Sonder in August 2024. On Sunday, Marriott announced that the agreement had been terminated due to “Sonder’s default.” The change canceled guests’ current reservations and stopped future bookings.

On Monday, Sonder announced it was filing for bankruptcy and would liquidate its US business. The company also said it would “initiate insolvency proceedings” in other countries where it operates.

“We are devastated to reach a point where a liquidation is the only viable path forward,” Janice Sears, Sonder’s interim CEO, said in a press…

It’s no secret that a trip to the mall just isn’t what it used to be.

Once beloved stores have faded away, and sadly it’s a trend that is ongoing today. And several iconic mall brands are currently going through financial struggle this year, with a range of challenges that includes changing customer preferences, heavy online competition, and a steady decline in sales.

Below are seven brands that could possibly come face-to-face with bankruptcy, resulting in closing their doors by the time the year closes out, per The Daily Overview.

Express

It’s a store that’ll be hard to let go of. Known for its apparel for both men and women that always seems to hit on modern trends, the brand has filed numerous bankruptcy proceedings and…