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PUTRAJAYA: A cross-border insolvency legal framework will ensure that Malaysia is equipped to handle insolvency cases involving multiple countries, says
PUTRAJAYA: A cross-border insolvency legal framework will ensure that Malaysia is equipped to handle insolvency cases involving multiple countries, says the government.
The Legal Affairs Division (BHEUU) of the Prime Minister’s Department said the Cross-Border Insolvency Bill 2025 aims to facilitate foreign access to Malaysian courts, recognise international proceedings and foster judicial cooperation.
Once passed, companies with debts to be paid will not only have its local entity be liable, but its foreign branches too.
The law would also apply to foreign companies in debt overseas but with branches in Malaysia.
There were several restaurant chains that went bankrupt in the 1980s, all with different outcomes. While some seemed to give up completely, others managed to stick around for several years or even decades. Some are even still around, or perhaps you…
(InvestigateTV) — From credit card balances to daily expenses, millions of Americans are struggling to stay ahead off their debt.
But Matt Schulz, chief consumer finance analyst with LendingTree, said it’s never too late to take action.
He said one strategy worth considering is debt consolidation.
“Debt consolidation can be a really big deal because not only can it streamline things for you, making it to where you only have to make one payment instead of several each month,” Schultz noted. “It can also really save you a significant amount of interest and even really shorten the amount of time it takes to really pay off that debt.”
He said consolidation can make sense for those able to qualify for a lower interest rate than what…
Data from the tax office shows that the average Hecs/Help debt held by younger Australians increased by a third between 2009 and 2024, even with inflation taken into account. This coincides with a consistent increase in the time it will take to pay off the debt – now almost a decade.
Some economists say Labor’s 20% cut isn’t the fairest way to relieve student debt, while higher education expert Prof…
With these new features, borrowers can now pay off and consolidate more types of debt, including liens, credit cards, personal loans, auto loans and home improvement loans. The Intellidebt expansion aims to offer a more flexible alternative to traditional cash-out refinancing.
Highlights of the new features include expanded lien payoffs and consolidation, along with a streamlined requalification process, which are designed to push higher conversion rates and sales volumes for lenders.
Debt consolidation remains the primary reason homeowners use home equity lines of credit (HELOCs). With consumer debt rising and more mortgage recasts or buydown expirations approaching, Figure’s updated DDP aims to help lenders address their…
Expert team of former senior bankers offers specialized debt restructuring solutions to address Hong Kong’s evolving financial landscape
HONG KONG – July 28, 2025 – Hong Kong Debt Restructure Office [https://hkdebtro.com/] (HKDEBTRO [https://hkdebtro.com/]), a newly established financial services firm, today announced the launch of its comprehensive debt restructuring [https://hkdebtro.com/] services designed to provide relief to individuals and businesses facing financial challenges. The firm, founded by several former senior bankers with over ten years of combined experience and supported by a professional legal team, aims to leverage deep industry knowledge to help clients navigate complex debt…
Ghana has officially signed a bilateral agreement with France to restructure a portion of its external debt, in what marks a significant step forward in the country’s broader strategy to restore debt sustainability and economic stability.
The agreement, signed under the auspices of the Paris Club — an informal group of creditor countries — positions France as the first member of the group to formally commit to debt relief for Ghana. The move comes as the West African nation pushes ahead with a comprehensive debt restructuring programme, following years of economic strain exacerbated by the COVID-19 pandemic, inflationary pressures, and currency depreciation.
Ghana’s Ministry of Finance described the agreement as a “milestone…
A decision by Justice Lester says the debt was subject to a default judgment last year in the District Court.
It arose out of a personal guarantee Li gave in respect of his company Kumeu East Realty Ltd (KERL) for building supplies purchased on its Carters trade account.
Li argued the company could not pay Carters because of a fall in the Auckland property market.
Carters demanded repayment in March 2023 and launched legal proceedings later that year.
KERL, described as a residential property development company, was placed in liquidation by the High Court in June last year after an application by Inland Revenue.
