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SEOUL, Sept. 9 (Yonhap) — E-commerce platform operator WeMakePrice was poised to face liquidation as a Seoul court decided to terminate the company’s rehabilitation proceedings.
Last September, WeMakePrice, along with its then sister company TMON, entered court-led rehabilitation proceedings after they struggled to make payments to vendors due to liquidity issues.
The Seoul Bankruptcy Court said it would terminate the proceedings for WeMakePrice as it failed to submit a rehabilitation plan by last Thursday’s deadline. The decision will be confirmed if an appeal is not made within 14 days.
If rehabilitation proceedings are terminated due to a company’s inability to carry out a rehabilitation plan, insolvency is…
Building wealth isn’t about luck or flashy moves—it’s about discipline, patience, and a few “boring” habits that compound over time. Chartered accountant Nitin Kaushik, who often shares practical money lessons on X, has been urging Indians to rethink how they handle money. His posts cut through financial jargon with simple, hard-hitting truths that highlight why living below your means and delaying instant gratification can secure long-term freedom.
In his latest post, Kaushik called out what he termed The Harsh Money Truth. According to him, living below your means may feel uncomfortable in the short run, but it creates financial freedom. On the other hand, living above your means might bring temporary pleasure but guarantees…
THE Dewan Negara today passed the Cross-Border Insolvency (CBI) Bill 2025, marking a significant step towards enhancing legal cooperation between Malaysia and other jurisdictions in handling corporate insolvency matters that cross international borders.
The newly adopted legislation incorporates provisions from the 1997 United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency, providing a structured legal…
A Hong Kong court has extended convicted forger Peter Chan Chun-chuen’s bankruptcy by four years, citing his failure to settle debts owed to the estate of the late tycoon Nina Wang Kung Yu-sum since losing a high-profile lawsuit over her billion-dollar assets 15 years ago.
The High Court on Tuesday suspended Chan’s automatic discharge from a bankruptcy order made in 2021 and ordered that he pay HK$55,000 (US$7,000) in legal fees to an accounting firm that is now in charge of his assets.
EY, formerly Ernst & Young, applied in July to extend the bankruptcy order against the 65-year-old former feng shui master, citing his “unsatisfactory and uncooperative conduct” throughout the four-year period.
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Company bankruptcies are growing rapidly in Switzerland. One reason for this is a change in bankruptcy law.(symbolic image)
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In Switzerland, significantly more companies went bankrupt in August than in the previous year. According to Creditreform, a change in the law plays a key role in this. The outlook remains bleak.
No time? blue News summarizes for you
In August 2025, company bankruptcies in Switzerland rose by almost 54 percent to 1209 cases
This is due to a change in the law that allows public institutions to pursue companies directly into bankruptcy
Creditreform expects around 15,000 company bankruptcies by the end of the year, an increase of over 30 percent
Tether CEO Paolo Ardoino took to X yesterday and responded to rumors about his company selling Bitcoin holdings to buy gold.
The USDT stablecoin creator wrote, “Tether didn’t sell any Bitcoin.” He added that Tether is investing profits into valuable assets like Bitcoin, gold, and even land.
Ardoino denies offloading any Bitcoin
The rumor spread over social media after a YouTuber named Clive Thompson posted a video titled “Tether is Selling Bitcoin and Buying Gold! What Do They Know?” The video spread fear among crypto enthusiasts.
In the video, Thompson claimed Tether sold some of its Bitcoin holdings after comparing the company’s attestation data from Q1 and Q2 of this year. He showed a drop of Tether’s BTC holdings…
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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:
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