In November of this year, a total of 131 companies were declared bankrupt in Luxembourg according to the latest count from the Ministry of Justice / STATEC.
During the month of November the Luxembourg courts declared 131 bankruptcies there 104 bankruptcies during the same period in 2019.
Over the first eleven months of 2020, some 1,145 legal entities have filed for bankruptcy.
This figure is not a huge increase on the figures for2019 (1,121 bankruptcies) and in 2018 (1,070 bankruptcies).
The bankruptcy statistics are drawn from court decisions, from listings on the Commercial Register and include those filings dated up to December 7 2020.
Given the specific situation related to COVID-19, STATEC expects the number of bank…
Read the full article at: https://today.rtl.lu/news/luxembourg/a/1630545.html
This chronological order of events for the MP for Kerowagi Bari Palmas insolvency proceedings is to shed light on how matters have unfold within the past 8-years.
This prompted Parliament yesterday to adjourn to tomorrow. The events here explain how the insolvency proceedings was filed and the matter heard by the appropriate Competent Courts.
1. Mr Camillus Dangima won the Kerowagi Open seat after 2012 General Elections. Bari Palma was the runner-up and being aggrieved, challenged the results of the elections in EP No. 93 of 2012: Bari Palma Vs. Camillus Dangima and Electoral Commission of PNG.
2.EP No.93 of 2012 was dismissed in favour of Camillus Dangima and as a result, Bari Palma was ordered to pay the costs incurred by Camillus Dang…
Read the full article at: https://postcourier.com.pg/chronological-order-of-events-for-the-kerowagi-mp/
Posted on: December 14, 2020, 02:54h.
Last updated on: December 14, 2020, 03:41h.
A 44-year-old man is behind bars in Las Vegas, accusing of sexually assaulting a juvenile female 25 years ago at a hotel-casino in Laughlin, Nevada.
Enoch Jeremy Spina was booked Sunday into the Clark County Detention Center in Las Vegas. He is scheduled for a court date Tuesday on one count of sexual assault, according to the Las Vegas Review-Journal.
Police said a juvenile female in late May 199…
Read the full article at: https://www.casino.org/news/sexual-assault-at-nevada-casino-25-years-ago-lands-suspect-in-jail/
By PRIYA VASU
AIRASIA X Bhd (AAX) has revised its corporate exercise to reduce its issued share capital by 99.9% from 90% proposed earlier.
In a statement yesterday, the cash-strapped carrier stated that this comprised a reduction of the issued share capital of RM1.53 billion to RM1.53 million.
The credit arising from the proposed share capital reduction will be used to offset part of the accumulated losses. The proposed share consolidation which shall be undertaken following the proposed share capital reduction shall remain unchanged, ie a consolidation of every 10 existing AAX shares into 1 AAX share, said AAX.
It added that shareholders funds after the capital reduction remains negative, but the consolidation of shares post-capital …
Read the full article at: https://themalaysianreserve.com/2020/12/15/airasia-x-revises-corporate-restructuring-plan/
There are ways to consolidate your debt no matter what your credit score may be. (iStock)
Debt consolidation loans are one way that consumers with multiple debts can start to pay off their balances. With these loans, all debts are rolled into one account, allowing borrowers to make just a single monthly payment until the balance is paid off.
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This simplifies the budgeting and repayment process and, in many cases, can even lower the costs of borrowing the money entirely.
But debt consolidation loans often require high credit scores. For consumers who dont fall into this category, read on.
How to get a debt consolidation loan with bad credit
According to Howard Dvorkin, CPA, and chairman at Debt.com, consum…
Read the full article at: https://www.foxbusiness.com/money/get-debt-consolidation-loan-with-bad-credit
Posted on: December 14, 2020, 10:04h.
Last updated on: December 14, 2020, 11:39h.
The US Supreme Court of the United States (SCOTUS) on Monday reinstated the death penalty for an Arizona man who was found guilty of murdering his friend in 1994 over a gambling debt.
A year ago this month, a 2-1 en banc (full panel of judges) order in the Ninth Circuit Court of Appeals vacated the death penalty sentence for George Russell Kayer. The two appellate judges in the majority ruled that Kayer was not afforded effective counsel and that his mental health and addiction problems…
Read the full article at: https://www.casino.org/news/us-supreme-court-reinstates-death-penalty-for-arizona-man/
Personal loans can help you finance most major purchases, from an engagement ring to home repairs, often at a lower interest rate than paying with a credit card.
And if you’re stuck with a bunch of high-interest credit card debt, you can take out a personal loan to consolidate the balances and lower the overall APRs, thus removing the hassle of juggling too many monthly payments at once.
But like any kind of financial product, personal loans have trade-offs, including fees and interest rates. Consumers should think carefully before applying for loans, since they can impact your credit score and overall financial health.
Here’s what you need to know about personal loans and how they work.
What is a personal loan?
Personal loansare …
Read the full article at: https://www.cnbc.com/select/what-is-a-personal-loan/
How much student loan debt might the Biden administration cancel? Marketplace senior economics contributor Chris Farrell says people are coalescing around the idea of $10,000. Robyn Beck/AFP via Getty Images
Student loan debt increased in the third quarter of 2020 by $9 billion, according to the Federal Reserve Bank of New York. That brings the total to around $1.7 trillion.
There are calls for the incoming Biden administration to cancel at least some of that debt.
Marketplace senior economics contributor Chris Farrell joined Marketplace Morning Report host Sabri Ben-Achour to discuss this. The following is an edited transcript of their conversation.
Sabri Ben-Achour: So President-elect Biden hasnt …
Read the full article at: https://www.marketplace.org/2020/12/14/college-student-loan-debt-forgiveness-cancel-biden-administration/
Business & Development
Its never good news when the bankruptcy business is booming.
As a bankruptcy attorney, Dennis J. Shaffer sees people at one of the most challenging times in their lives. And with the pandemic-hobbled economy, hes getting busier. Take, for example, his client in the personal service industry (who, understandably, asked that their name be withheld).
It was almost a year ago, shortly after the coronavirus first landed on our shores, that the client started having trouble paying the business bills, including loan payments. In January, I realized that the debt structure was increasingly tough to stay current with, the client says.
The bu…
Read the full article at: https://www.baltimoremagazine.com/section/businessdevelopment/bankruptcy-wave-continues-pandemic-financial-emotional-stress/