Chemical recycler Fuenix Ecogy goes bankrupt Sustainable Plastics
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It’s a hard time to be a company.
There seems to be no end to the series of catastrophes affecting
us: COVID, an economic meltdown, trade wars, and the cancellation
of Bojack Horseman on Netflix. Companies are feeling most
of these disasters, and many are declaring bankruptcy.
You are a creditor and they owe you. How do you ensure
you’ll be paid back (or refunded)?
When a company that owes you money files for bankruptcy, you
must immediately stop attempting to collect the debt directly from
the debtor. (To do otherwise could violate the bankruptcy code and
get you sued!) Read on to find out what you can do next:
It may or may not be worth it to pursue your rights.
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that the right of the financial creditor to seek revival of the original application filed under Section 7 of the Code cannot be taken away merely because a settlement agreement was reached, if the corporate debtor failed to comply with the terms of the settlement agreement.
The present appeal has been filed against an order passed by the Adjudicating Authority by which it allowed the revival of the Application filed under section 7 of the Insolvency and Bankruptcy Code, 2016 (Code) by the Anchor Point Developers Pvt. Ltd. to…
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Ransomware and Data Extortion Attacks in Insolvency Scenarios FTI Consulting
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Phnom Penh man hangs himself after online gambling debts spiral out of control Khmer Times
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By Ben Zigterman · July 14, 2025, 3:14 PM EDT
Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million…
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THANE: A 27-year-old man from Santosh Nagar in Kalyan (East) allegedly died by suicide by setting himself ablaze at Kushivali village near Malanggad. The deceased, identified as Kiran Parab, was reportedly under heavy financial stress, primarily due to mounting debts from online gaming.The incident took place in the early hours of Monday. Kiran reportedly left his home around 4 am and rode his two-wheeler to a secluded area near a waterfall in Kushivali village. Around 6 am, he allegedly poured petrol from his bike onto himself and set himself on fire. Locals spotted flames in the area and immediately alerted the police.The Hill Line Police rushed to the spot and managed to douse the flames. Police officials also confirmed that Kiran…
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In a critical year for the Jubilee campaign, the Fourth UN Financing for Development Conference (FfD4), held in Seville from 30 June to 3 July, intensified concerns over the concentration of decision-making power in sovereign debt governance (see Observer Spring 2025). Civil society groups and blocs of developing countries have called for a shift away from creditor-led restructuring processes and toward a UN-led sovereign debt workout mechanism, where all countries participate on equal footing.
Yet these demands were diluted in the 17 June final outcome document, the Compromiso de Sevilla, following resistance from major creditors, including the EU and the UK. Even with its weakened language, the…
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MGM sues HK actor over HK$1.4 mln debt Macau Business
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What do you get when you combine Wall Street experience, Silicon Valley tech brains, and a healthy obsession with gaming? For Eric Xu and Albert Wang, the answer is Coverd—a fintech app that lets users play games to win money that goes toward paying off their credit card debt.
It’s a bold idea: take one of the most painful aspects of adult life—financial debt—and gamify it. But for these two founders, it’s not just a gimmick. It’s a carefully engineered attempt to rewire the way people think about money, starting with the $1.1 trillion in credit card debt currently weighing down American households.
The origin story of Coverd reads more like a case study in problem-solving than a startup fairytale. Xu, a former…
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Curaçao’s InselAir declared bankrupt after rescue talks fail ch-aviation
