Insolvency Guardian Media Centre
– The Middle Franconian instrument maker Höfner is world-renowned, not least because of former Beatles bassist Paul McCartney. A few days ago, the company had to file for bankruptcy.
When the Beatles played their first shows in the pubs of Hamburg’s St. Pauli district in the…
Read the original article here
usatoday.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use.
Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on usatoday.com
Read the original article here
The National Company Law Appellate Tribunal has held that when a company itself triggers insolvency proceedings on the basis of a bank’s debt, its suspended directors cannot later turn around and claim that the lender’s dues are time-barred.“When the Appellant itself claim that insolvency resolution process be initiated against the CD on the basis of debt of SBI which application was filed…
Read the original article here
Lawmakers in several states are working to expand medical debt protections for patients, even after the Trump administration reversed course and told states they don’t have authority to take action on credit reporting.
In Alaska and Michigan, legislators are nonetheless advancing bills to keep medical debt off consumer credit reports.
The attorneys general of California and Colorado said they would stand behind credit reporting laws enacted in those states in recent years, even as Colorado faces a lawsuit from debt collectors contesting such laws.
Indiana and Ohio lawmakers have dropped proposals to remove medical debt from credit reports but are pushing legislation that would extend other…
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
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….
Read the original article here
Ratepayers slam eThekwini for mishandling electricity debt relief programme IOL
Read the original article here
Ratepayers slam eThekwini for mishandling electricity debt relief programme MSN
Read the original article here
Électricité du Laos (EDL) has stepped up a wide-ranging reform program to stabilize its finances and lower electricity costs.
The move also aims to improve efficiency as state-owned enterprises face growing pressure to cut losses and perform better.
At a meeting of the State Enterprise Reform Committee on 17 December, EDL Managing Director Akhomdeth Vongsay outlined the utility’s main focus areas.
He said the company is working on organizational restructuring, debt management, and renegotiating power purchase prices to ease long-standing financial pressure and provide more reliable service to households and businesses.
The reforms come as fully state-owned enterprises reported combined losses of more than LAK 2,358 billion (USD…
Read the original article here
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has issued a significant ruling in the liquidation of Corporate Power Limited (CPL), setting aside the earlier private sale process and directing the liquidator to conduct a fresh sale via the Swiss Challenge Mechanism.
The judgment was delivered in a batch of appeals filed by Orissa Alloy Steel Private Limited (OASPL), the original anchor bidder, and SM Steels and Power Limited (SMSPL), which had challenged the process.
Corporate Power Limited was admitted into Corporate Insolvency Resolution Process (CIRP) in March 2020 and subsequently moved into liquidation. After multiple unsuccessful e-auctions, OASPL submitted a private sale offer…
Read the original article here
The request could not be satisfied.
Request blocked.
We can’t connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner.
If you provide content to customers through CloudFront, you can find steps to troubleshoot and help prevent this error by reviewing the CloudFront documentation.
Generated by cloudfront (CloudFront) Request ID: DdxuC7qufOQGyRN3bCg5oya1CG_wuuXprsVqu7pNlJwyz-aqQjLZLg==
Read the original article here
The National Company Law Appellate Tribunal (NCLAT) at Delhi has set aside insolvency proceedings against Techindia Nirman Limited, holding that the Corporate Insolvency Resolution Process was fraudulently and collusively initiated by a related-party financial creditor to wipe out public shareholding. It imposed a cost of Rs 25 lakh on the financial creditor for abusing the…
Read the original article here
Dear Chuck,
My wife and I earn about $11,000/month combined, but with lots of student loan debt, our money is gone by the end of the month. I’m super frustrated that we are unable to save or get ahead. Something’s always coming up—causing us to overspend. It is depressing to be living paycheck to paycheck. We’ve tried many times but never seem to really make progress. Can you help us get out of this rut?
Frustrated with Our Finances
Dear Frustrated with Our Finances,
Yes, I can certainly help point you in the right direction. What immediately comes to mind is that you and your wife are better off than you may realize.
A change of perspective
First,…