The Capital Markets Board (CMB) has released updated lists detailing the status of cryptocurrency platforms operating in the Turkish market, following the June 30 deadline for license applications. This update comes as more companies have been added to the liquidation list, bringing the total number of companies applying for liquidation to 45. Notable among these are Bitfinex, Coinbase Turkey, QNB, and Bitget Türkiye, which have decided to cease their cryptocurrency operations.
Consequently, the number of active companies on the list has decreased to 60. The latest update also includes Türkiye’s leading banking institutions—Akbank, Garanti Bank, İş Bank, and Yapı Kredi—who have applied for a cryptocurrency custody license….
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Medical debt, even for people with health insurance, drives thousands of Hoosiers to file bankruptcy each year. Hoping to help people avoid that outcome, a nonprofit is offering Know Your Rights workshops.
Medical debt is a top barrier to financial well-being, and the Indiana General Assembly this year decided to convene a summer committee to study the problem. That news was welcomed by the Indiana Community Action Poverty Institute.
With a grant from the Health Foundation of LaPorte, the institute is offering two virtual workshops over Zoom, July 30 and Aug. 7, to make sure people know their rights when it comes to medical debt.
Lauren Murfree is a policy analyst with the institute. She says there…
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KALAMAZOO, Mich. — More than 7,200 Kalamazoo County residents have had their medical debt relieved.
The Kalamazoo County Board of Commissioners invested $100,000 in American Rescue Plan Act (ARPA) funds to partner with Undue Medical Debt, a nonprofit that buys and forgives medical debt.
“Medical debt is not only a stressor and a barrier to people, but it can have an impact to keep people from delaying care, and that sometimes can have life changing consequences.” said Jen Strebs, Kalamazoo County Commissioner.
That investment helped erase close to $2.5 million in medical debt for eligible Kalamazoo residents. County officials say recipients were identified automatically through provider and credit data based on income level and amount…
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NCLAT also stayed the National Company Law Tribunal (NCLT) order, which admitted Reliance Infra into insolvency over unpaid debt of around ₹90 crore.
NCLT, in May, concluded that Reliance Infra was in default of payment of ₹90 crore to Dhursar Solar Power Private Limited (DSPPL) as part of an Energy Purchase Agreement (EPA) under which DSPPL supplied solar power.
NCLT had appointed Tehseen Fatima Khatri as an insolvency resolution professional.
However, NCLAT, last month, suspended the NCLT order…
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Big relief for Anil Ambani! Latest update on insolvency proceedings against Reliance Infrastructure MSN
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Think a high six-figure salary protects you from racking up credit card debt? You may want to think again. While it’s easy to assume that earning more results in wealth accumulation, not debt accumulation, it turns out that credit card debt can be an issue for nearly every type of earner. Case in point? A recent BHG study shows that 62% of high earners — categorized in this case as those…
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Updated Jul 18, 2025 23:53 IST
Reliance Infrastructure Insolvency Stayed: In a regulatory filing on Friday, Reliance Infrastructure said that NCLAT has stayed an NCLT order over an appeal filed by it.
Earlier on May 30 this year, the Mumbai bench of the National Company Law Tribunal (NCLT) directed the initiation the corporate insolvency resolution process and appointment of an interim resolution professional against Reliance Infrastructure.
The order by NCLT came after IDBI Trusteeship in April 2022 had filed a petition alleging a default of Rs 88.68 crore plus interest as of August 28, 2018.
“…we wish to…
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Despite hit songs, sold-out tours and millions of sold albums, many famous rock stars have found themselves facing bankruptcy.
When fans envision a rock star lifestyle, it usually involves sprawling mansions, fast cars and endless nights of partying. What often gets overlooked is the cost of such extravagances. Lavish lifestyles don’t come cheap, the IRS is always looking to get its share and the only people who are (arguably) more persistent than Uncle Sam are drug dealers.
Mick Fleetwood, David Crosby, John Oates and Sly Stone are just some of the artists whose wild lifestyles have taken them to the poorhouse. Meanwhile, Willie Nelson and Jerry Lee Lewis are among those who’ve been taken to the cleaners by the IRS.
In other…
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(Sheila R. McCann |The Salt Lake Tribune) Signs in the windows of the Sundance Catalog Outlet in Salt Lake City advertise the company’s closing sale.
The going-out-of-business sign apparently is up at Sundance Living, the apparel and household decor catalog business, after mounting financial pressure from artisans who say the brand owes them more than $2 million.
On Thursday, the company, formerly known as Sundance Catalog, advertised a “CLOSING SALE” on its website, saying, “Everything Must Go.” At the outlet in Salt Lake City’s Sugar House neighborhood, signs proclaimed, “Entire store on sale!”
An email sent to past shoppers the…
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Loch Lomond Seaplanes cancelled all its flights and issued a message on its website in April to confirm it had ceased trading.
A pop-up message on the website, which is still available, states: “Please be advised that Loch Lomond Seaplanes has ceased trading. If you have tickets or a flight booked then someone will be in touch in the near future.”
The company was founded in 2003 by David West, who offered regular flights between Loch Lomond and the Isle of Skye.
It can now be revealed that Kenneth Robert Craig, practitioner at insolvency firm Begbies Traynor (Central) LLP, was appointed as the liquidator for Loch Lomond Seaplanes on June 4 following a petition by HMRC.
The firm confirmed to our sister…
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For millions of retirees, Social Security is the financial lifeline that keeps the bills paid each month. But as sticky inflation forces prices to inch upward on essentials like groceries and utilities, those fixed monthly benefits, which average just under $2,000 per month currently, don’t always stretch far enough. As a result, many older adults are leaning on credit cards to cover…
