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New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company's management while preparing
The company arranges loans for students studying to become nurses, physical therapists, optometrists, and other medical roles. Clasp matches each student borrower with an employer who agrees to hire the student after graduation. The employer also agrees to pay back a portion of the student’s loans in return for a commitment of two to three years of work.
The result is more workers for participating employers and a reduced debt burden for their workers, according to Clasp chief executive Tess Michaels.
The company announced on Wednesday that health care providers including Boston Children’s Hospital, Memorial Sloan Kettering in New York, and multi-state network Novant Health would participate in the program.
(Yicai) July 9 — A court in China has declared the car production joint venture of GAC Group and Stellantis bankrupt, nearly three years after it entered bankruptcy restructuring following a slump in sales.
The Changsha Intermediate People’s Court declared GAC Fiat Chrysler Automobiles bankrupt yesterday due to insufficient assets to cover its debts and the inability to restructure or reach a settlement, the JV’s administrator announced the same day.
It has total debt obligations in excess of CNY8.1 billion (USD1.1 billion), of which CNY4 billion is undisputed debt, but only CNY1.9 billion (USD266.7 million) in assets, according to the court ruling. A creditors’ meeting approved the asset distribution plan, which will proceed…
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NEW YORK, July 9, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, announces it earned three awards in the 2025 Buyer’s Choice Awards from ConsumerAffairs, a leading platform for verified consumer reviews.
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The 71-year-old was brought in toward the end of last season in a desperate bid to turn the club’s fortunes around, but the Anglo-Scotsman was unable to save the club from relegation out of the Portuguese top division.
This has left the club, and Baxter as a result, in a precarious position as it faces legal troubles.
In a club statement, Boavista revealed it had appealed to the courts to request it be saved from financial insolvency.
The Kerala High Court has set aside a service tax show cause notice and subsequent Order-in-Original holding that proceedings cannot be initiated or continued against a company after a resolution plan is approved under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC).
M/s. Heera Construction Company Pvt. Ltd., (petitioner) represented by its Managing Director, filed a writ petition challenging the show cause notice and the Order-in-Original dated issued by the Commissioner of Central GST and Central Excise. The notices pertained to service tax demands for the financial years 2014-2015, 2015-2016, and 2016-2017.
New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company’s management while preparing its sale prospectus under the bankruptcy code, the Insolvency and Bankruptcy Board of India (IBBI) has said.
The regulator’s latest amendment to the Insolvency Resolution Process for Corporate Persons states that corporate restructure plans prepared by administrators appointed by creditors should only account for recovery from questionable deals and trades made by previous management that have been fully disclosed in the sale prospectus, known as the information memorandum.
The move aims to improve transparency in debt resolution processes and enable better price discovery.
