A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of China’s property sector crisis on major real estate firms. Despite governmental support measures, residential sales remain subdued, suggesting a delayed recovery. UBS Group AG has revised its earlier optimistic outlook, now anticipating a postponed revival unless Beijing implements additional economic support.Judge Linda Chan delivered the verdict after the petitioner…

New Delhi, Aug 11 (PTI) The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP).
     Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility criteria for persons who can submit a resolution plan for a corporate debtor undergoing the insolvency process.
     Provisions under the section prevent certain individuals and entities from acquiring or taking control of a stressed company if they have a history of defaults, financial irregularities, or criminal activity.
     The proposed…

New Delhi, Aug 11 (PTI) The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP).

Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility criteria for persons who can submit a resolution plan for a corporate debtor undergoing the insolvency process.

Provisions under the section prevent certain individuals and entities from acquiring or taking control of a…

On average, three people a day ask to be declared insolvent

The number of people deciding to declare themselves bankrupt is growing in Ukraine. According to the Supreme Court, more than 2,900 Ukrainians have become bankrupt in the last five years. 577 Ukrainians have already filed for bankruptcy in the first six months of 2025. In 52% of cases, it is men who are asking to be declared insolvent. The highest number of bankruptcies this year is in Kyiv, Kyiv Oblast, and Lviv Oblast.

577 Ukrainians went bankrupt in the first half of 2025 in Ukraine. Such cases increased by 33% compared to the same period in 2024. In general, the largest number of people went bankrupt last year: 926 cases, but this year risks catching up with these…

Affordable Debt Consolidation helps Texans resolve credit card debt or personal loans of $30,000 to $300,000 or more, and assists small business owners struggling with business debts of up to $1 million. Request a complimentary phone or office consultation with no obligation and compare our low fees to those of out-of-state debt relief companies. Phone 210-782-8100 or visit https://affordabledebtconsolidation.com/KENS5

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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….

7 easy ways to start saving for Christmas

The holidays are a time to celebrate. It’s a great idea to go into the festive season with a plan to save and spend your money wisely, avoiding the need for debt relief next year.

There are plenty of ways to start saving for Christmas this year that don’t bring on financial stress, and there’s no time like the present to start, Freedom Debt Relief explains.

Key Takeaways:

• Decide how much you want to spend on holiday expenses and open a Christmas savings account.

• Try a savings challenge to find extra money.

• Think outside the box to earn more cash and start your shopping early.

1. Open a High-Yield Savings Account

If you don’t already have a high-yield savings account, consider this your sign that…