Insolvency Guardian Media Centre
6 Best Debt Payoff Apps According to Your Financial Goals US News Money
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Anil Ambani Named in Fraud Account by SBI; Rs3,000 Crore Exposure Confirmed by Govt in Parliament Moneylife
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Artist Jacky Heung borrowed RMB 2 mn at a casino in Macau last December but has not repaid the full amount, still owing RMB 1.4 mn. MGM China Holdings Limited has filed a lawsuit in the Hong Kong District Court to recover the outstanding balance and interest.
According to reports from HK01, the plaintiff stated in the filing that Heung is a customer of their Macau casino. On December 1, 2024, Heung borrowed RMB 2 mn and exchanged it for chips, agreeing to repay the full amount on the same day. However, the plaintiff claims that after deducting the amount from Heung’s account and any partial repayments he made, he still owes RMB 1.4 mn. According to the loan agreement, the annual interest rate is 18%,…
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A Canadian father charged with murdering his 9-year-old daughter faces substantial financial difficulties and had trouble meeting child support obligations, whilst making unsettling posts about his daughter’s impact on his daily routine.During his Monday court appearance for allegedly killing his daughter Melina in upstate New York, Luciano Frattolin, 45, who portrayed himself as a successful coffee company proprietor, declared his inability to afford legal representation and even offor child support, reported the NY Post.Frattolin, Ethiopia-born, praised Melina on his Montreal-based Gabella Coffee company’s website, describing her as “beautiful” and “the light of his life.” However, the corporate biography revealed concerning…
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R2 million in the red – Online gambling destroyed my life News24
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Mexican restaurant chain faces Chapter 7 bankruptcy, liquidation MSN
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The review is expected to have implications for the mortgage sector, as many borrowers who experience financial hardship may turn to debt management and credit repair services. Increased scrutiny and potential reforms could affect how mortgage brokers and lenders interact with clients who are seeking assistance with debt, as well as influence the advice and support provided to consumers navigating mortgage stress or arrears.
A licensing regime for debt management and credit repair firms was introduced in 2021 to protect consumers from harmful practices. Under this regime, businesses must hold a credit licence, comply with the National Consumer Credit Protection Act 2009, and be members of the…
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Killarney Brewing & Distilling confirms liquidation despite ‘tireless efforts’ to secure funds Business Post
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Dutch gambling regulator turns to debt collectors to chase €55m in unpaid fines from offshore operators Tribuna.com
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Luxembourg state makes offer to buy bankrupt Dudelange steel factory Luxembourg Times
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The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has allowed the withdrawal of insolvency proceedings initiated against SE Transstadia Pvt. Ltd., after the lead lender Bank of Baroda, along with other financial creditors, consented to a revival plan supported by the Government of Gujarat.
The matter arose from two appeals filed by Udit Harish Seth, a suspended director of SE Transstadia, challenging the admission of a Section 7 application by the National Company Law Tribunal (NCLT) on April 8, 2024. The NCLT had allowed the initiation of Corporate Insolvency Resolution Process (CIRP) based on a plea filed by Bank of Baroda.
The main issue in the appellant’s case was the contention that the…