With average credit card interest rates hovering close to 22%, the cost of carrying balances has become more than just a nuisance. It’s a significant financial burden. But if recent statistics are any indication, Americans are taking their collective $1.21 trillion in credit card debt seriously. According to the 2025 Credit Check-In by Happy Money, released this week, nearly 60% of U.S….

Credit card debt has reached staggering heights across America, with the total amount recently surpassing $1.21 trillion, a record high. In this economic landscape, that translates to millions of households trying and failing to juggle hefty credit card balances while also facing other economic challenges, like sticky inflation and elevated interest rates. As a result, many cardholders are now caught…

About this write Liga.net.

Among the largest creditors are the NBU, to which the hotel owes UAH 4,2 billion, and the Finance and Credit Bank – UAH 1,19 billion.

The court opened a liquidation procedure for a year, which will be conducted by the arbitration manager Vadym Kizlenko. The main asset – the hotel building at 11b Ivan Mazepy Street – is planned to be sold to repay debts.

As a reminder, in 2008, PJSC “Hotel “Salyut” concluded a mortgage agreement with the National Bank to secure the fulfillment of obligations under refinancing loans of the “Finance and Credit” bank. That is, the hotel became a property guarantor for the obligations of the bankrupt bank.

Since the bank did not fulfill its…

The Department of Justice (DOJ) blocked Spirit Airlines’ merger with JetBlue in order to preserve competition in the domestic airline industry. Now, it looks like Spirit may go under.

In July 2022, JetBlue announced its acquisition of the foundering Spirit Airlines, which reported a net loss of $36 million in the third quarter of 2022 and $270 million in that year’s fourth quarter. Ted Christie, Spirit Airlines’ president at the time, described the deal as an “agreement to create the most compelling national low-fare challenger to the dominant U.S. carriers.” But the DOJ saw things in a less flattering light.

The DOJ sued to block the merger in March 2023, alleging that “the proposed transaction [would] increase fares and reduce…

A trucking company that has been operating for 57 years across several states in Australia has become the latest to collapse. 

DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in July. 

The company is registered in Austral, western Sydney, under the name of sole shareholder and director, David Kean. 

DJK delivered freight cargo across New South Wales, Queensland, Victoria and South Australia. 

The company did work for mining companies, as well as supermarkets and department stores. 

DJK ran interstate routes with trailers, flat-top and tautliner trucks. 

Daily Mail has contacted Mr Kean for comment. 

It comes as two other transport companies, which also have Mr Kean as the sole…

New Delhi: Apart from speeding up the disposal of distressed companies as going concerns, the proposed amendments to the Insolvency and Bankruptcy Code (IBC) tabled in Lok Sabha on Tuesday also makes it easier for splitting up such firms so that lenders could consider sale of individual assets when they are unable to find takers for the whole business, two persons informed about the government’s deliberations on insolvency reforms said.

The proposed amendments will also prevent orders for liquidation of a distressed company just because the 330-day window available for debt resolution under IBC has expired. This is meant to avoid situations like the Bhushan Power & Steel Ltd., the resolution plan for which was annulled by the Supreme…

NJ & MS Holdings Ltd owes about $586,000 to Inland Revenue (IRD) and just over $632,000 to unsecured creditors, while staff claims are nearly $35,000.

The company, trading as Point to Point, was placed in liquidation on the application of IRD in the High Court at Greymouth on June 30.

An official assignee from Insolvency & Trustee Service was appointed liquidator and released an initial report last week.

Previously registered under an office in Greymouth, the company’s sole shareholder and director is listed as Taipua Feast at the NZ Companies Office.

The business was closed after the…