Insolvency Guardian Media Centre
CHARLOTTE, N.C. – Action 9 wanted to do something about the problem of medical debt in our area and found a non-profit called RIP Medical Debt, which buys medical debt for pennies on the dollar and pays it off for people.
WSOC-TV donated enough money to wipe away $1 million in medical debt for people in the Charlotte area. You can donate to help wipe out debt for even more people. The money you give will go to the non-profit organization RIP Medical Debt and will help people in our area who are struggling with debt.
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Read the full article at: https://www.wsoctv.com/news/local/how-you-can-help-get-rid-of-medical-debt-in-charlotte-area/781652710
Former world darts champion Ted The Count Hankey has been declared bankrupt.
The star player, 50, has struggled to qualify for major tournaments after winning his world titles in 2000 and 2009.
His game also suffered after he had a stroke live on stage in 2012.
Hankeys bankruptcy order was made at a London court in June by HM Revenue and Customs, it emerged today.
Just days later he was left devastated by the death of his dad. Hankey tweeted: Its with heavy heart that I have to announce that my hero passed away last week, my dad. RIP Ted Hankey senior. Im broken, love you dad xxx
(Image: AFP)
The fat…
Read the full article at: https://www.mirror.co.uk/sport/other-sports/darts/former-world-darts-champion-ted-12840093
The board of state-owned Oil and Natural Gas Corp (ONGC) has given in-principle approval for exploring options for a restructuring of the group firms including the merger of subsidiaries MRPL and HPCL.
The India’s largest oil and gas producer, ONGC has several subsidiaries and joint ventures including two in refining sector – Hindustan Petroleum Corp Ltd and Mangalore Refinery and Petrochemicals Ltd; and two petrochemical units – ONGC Petro additions (OPaL) and ONGC Mangalore Petrochemicals. It also has an overseas investment arm in ONGC Videsh.
“The board of directors of ONGC, at the 308th meeting held on June 29, accorded its in-principle approval for exploring options for the restructuring of ONGC group companies,” the company sa…
Read the full article at: https://www.deccanherald.com/business/business-news/ongc-okays-looking-group-678531.html
Columbia Fireflies launched a campaign to help SC veterans with medical debt. (Source: Columbia Fireflies)Ahead of Independence Day, the Columbia Fireflies announced a campaign to retire the medical debt of veterans across South Carolina.
More than 700 veteran families have a combined $800,000 in medical debt in South Carolina. The team and its fans will have the opportunity to help in this community-wide effort.
Columbia is known as the Most Military Friendly Community in America for many reasons, said Fireflies team president John Katz. Every American can appreciate the sacrifices our military heroes have made, and now we have an opportunity to pay it forward.
The kickoff for the campaign will begin on July 4, a…
Read the full article at: http://www.wistv.com/story/38556514/fireflies-launch-campaign-to-help-sc-veterans-with-medical-debt
New Delhi: Russia’s VTB Capital-backed Numetal Ltd, which is in the race to acquire Essar Steel, on Monday alleged that rival ArcelorMittal India Ltd is not eligible to bid for the debt-ridden company under the IBC as it was the promotor of two defaulting companies Uttam Galva and KSS Petron.
During the proceedings of the National Company Law Appellate Tribunal (NCLAT), Numetal submitted that as per the rules of the Insolvency & Bankruptcy Code (IBC), ArcelorMittal should have first cleared the dues by making upfront payment before submitting its resolution plan for Essar Steel.
Senior advocate Mukul Rohatgi appearing for Numetal said that although ArcelorMittal has offered to pledge Rs 7,000 crore in an escr…
Read the full article at: https://www.firstpost.com/business/essar-steel-insolvency-numetal-questions-arcelormittals-eligibility-to-bid-for-debt-ridden-company-under-ibc-4650501.html
India: The Supreme Court has ordered the National Company Law Appellate Tribunal (NCLAT) to adjudicate upon all issues relating to the Binani Cement insolvency case, including whether Ultratech Cements bid for the company is eligible. The case will be heard by the appeals tribunal from mid-July 2018, according to the Mint newspaper. The NCLAT is the body that processes appeals from the National Company Law Tribunal, a legal body that adjudicates disputes between companies.
UltraTech Cement made a direct bid of US$1.12bn for the bankrupt Binani Cement following an auction in March 2018 that was originally won by Dalmia Bharat. Dalmia Bharat has disputed UltraTech Cements offer and the two companies have conducted legal campaigns t…
Read the full article at: http://www.globalcement.com/news/item/7718-indian-supreme-court-bounces-binani-cement-insolvency-case-to-national-company-law-appellate-tribunal
Written by Kate McDonald on .
Pulse+IT’s weekly round-up of international health IT news for the week ending July 1: Amazon buys into US pharmacy market, Outcome Health’s poor outcome, GE spins off healthcare division, transparent Deepmind, US Veterans’ EHR, Medtronic and IBM Watson AI for diabetes, Welsh GPs swap preferred PMS, meaningful use v activities-based approach
Amazon’s attack on pharmacies has just begun
Washington Post ~ Carolyn Y Johnson ~ 28/06/2018
Online retail giant Amazon is entering the pharmacy business after months of speculation that the company could disrupt how prescription drugs are sold the same way it upended bricks-and-mortar retail.
Outcome Health: The fall of a healthcare unicorn and the r…
Read the full article at: https://www.pulseitmagazine.com.au/australian-ehealth/4434-international-health-it-week-in-review-july-1
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ATHENS, July 1 (Xinhua) — Most Greeks question the two agreements the government reached in June this year on the Greek debt relief and the resolution of the Macedonia name row, according to a new survey released this weekend.
The 51 percent of respondents in the Metron Analysis poll conducted for “Ta Nea” (The News) newspaper viewed negatively the comprehensive deal on the new debt relief ahead of Greece’s exit from the eight-year bailouts era this August.
According to pollsters, Greeks fear that the commitments undertaken will not help the growth of Greek economy. Participants remained pessimistic about the economic situation, with 53 percent stating that they were struggling more compared to la…
Read the full article at: http://www.xinhuanet.com/english/2018-07/01/c_137293737.htm
Ailing regional airline JetGo may have been trading insolvent for almost two years before it filed for administration, during which time it set up a number of new regional flight routes including those in and out of the Illawarra.
The report to creditors who are owed about $38 million with most unlikely to receive a cent if the company is wound up this week, as recommended reveals a damning picture of the airlines financial health over several years.
In a report to the Australian Securities and Investments Commission (ASIC), administrator Jonathan McLeod said his firms analysis of the companys balance sheets showed the airline may have traded while insolvent since at least June 30, 2016.
During this time, the administrators said JetGos wo…
Read the full article at: http://www.illawarramercury.com.au/story/5500882/jetgo-trading-insolvent-for-almost-two-years-before-collapse/
ATHENS, July 2 (Reuters) – Relief measures agreed with Greeces official creditors to help render its debt load sustainable will help smoothen the countrys return to market financing, the Bank of Greece said in a monetary policy report on Monday.
But it warned that in the longer term, debt sustainability hinges on maintaining the fiscal and reform effort and further debt relief.
The Bank of Greece stuck to its recommendation for a precautionary line of credit after Greece exits its bailout programme in August and maintained its 2.0 percent growth forecast for this year. (Reporting by George Georgiopoulos, Michele Kambas and Renee Maltezou)
Read the full article at: https://www.reuters.com/article/eurozone-greece-cenbank/debt-relief-deal-to-help-smoothen-greeces-bond-market-return-cenbank-idUSA8N1LU01X
Ailing regional airline JetGo may have been trading insolvent for almost two years before it filed for administration, during which time it set up a number of new regional flight routes including those in and out of the Illawarra.
The report to creditors who are owed about $38 million with most unlikely to receive a cent if the company is wound up this week, as recommended reveals a damning picture of the airlines financial health over several years.
In a report to the Australian Securities and Investments Commission (ASIC), administrator Jonathan McLeod said his firms analysis of the companys balance sheets showed the airline may have traded while insolvent since at least June 30, 2016.
During this time, the administrators said JetGos wo…
Read the full article at: https://www.illawarramercury.com.au/story/5500882/jetgo-trading-insolvent-for-almost-two-years-before-collapse/?cs=309
A bankrupt associate of the Hells Angels motorcycle gang has somehow won a whopping $1.33 million in lotto from his South Australian jail cell.
Reginald Roberts, 64, received the lotto win in April, however it was transferred out of a bank account in his name almost the minute it went in, the Sydney Morning Heraldreports.
He was declared bankrupt in May 2015 and had just one month left until his bankruptcy term had ended.
Roberts was charged in February this year over a $270 million shipment of crystal methamphetamine imported to Adelaide on a cargo ship, which was the largest ice importation in the…
Read the full article at: https://www.9news.com.au/national/2018/07/02/16/25/jailed-bankrupt-bikie-reginald-roberts-wins-millions-in-lotto-from-cell-in-south-australia