Altice France files for Chapter 15 bankruptcy in US Data Center Dynamics
Read the original article here
The Vatican has endorsed a report calling for reforms to alleviate the global debt crisis affecting billions of people in developing countries.
SIGN UP FOR OUR NEWSLETTER HERE
The document, titled “The Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy,” was presented at the Vatican’s Pontifical Academy of Social Sciences on June 20 as one of the main initiatives of the 2025 Jubilee Year of Hope.
Supported by Pope Leo XIV, the publication is the work of the Jubilee Commission created by Pope Francis in June 2024 in order to find a way to carry out sovereign debt restructuring based on ethical principles. Thirty…
Read the original article here
26 June 2025
Chartered Accountants Australia and New Zealand (CA ANZ) urges Australian small businesses to review their tax and cash flow strategies ahead of a significant change to tax deductibility rules that could cost them thousands.
From 1 July 2025, interest charged by the Australian Taxation Office (ATO) on late tax payments – currently set at 11.17% and compounding daily – will no longer be tax deductible.
CA ANZ Tax Expert Susan Franks warns this change will substantially increase the real cost of falling behind on tax obligations, particularly for small businesses already operating on tight margins.
“Small businesses currently hold the majority of the ATO’s outstanding tax debt, and this…
Read the original article here
When 25-year-old Jacob Battersby met his girlfriend, he was determined to impress, splurging on flashy watches, expensive cars, and lavish holidays.
‘I’ve been in three main relationships in my life and after every single one, I’ve always been in debt,’ Jacob, a content creator from Manchester, tells Metro.
Growing up, he says that money was tight. ‘Every transaction was recorded,‘ he explains. ‘We didn’t go on mad holidays abroad. It was very, very rigid.‘
So when he had access to his own cash, he began splashing out — and it got worse when in a relationship.
Aged 17, he met his first girlfriend, and was earning…
Read the original article here
Marshall says he believes Trump megabill ‘will help shrink the debt’ The Hill
Read the original article here
State bankruptcies became a topic of concern in 2017 when Puerto Rico, a U.S. territory, filed for bankruptcy, spotlighting the vulnerabilities in public finances. Even earlier, analysts were warning of the deteriorating financial health of various states. While no U.S. state has ever declared bankruptcy – and with the exception of Arkansas in 1933, no state has defaulted on its debt in nearly 150 years – the question of what happens if a state goes bankrupt remains unanswered. Without a clear precedent or legal framework, navigating such a scenario would present unprecedented challenges.
If you’re concerned about how these financial uncertainties might affect your investments or long-term financial goals, you might consider…
Read the original article here
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
When Jelani from New York called into The Ramsey Show about his financial problems, he didn’t sugarcoat his situation.
“I owe over $100,000. I’m kind of lost right now,” he told finance personality Dave Ramsey in a clip posted May 28. “I don’t know if I should file [for] bankruptcy. I just need some advice.”
Jelani owed around $80,000 in credit card debt, $8,500 in student loans and $11,500 on a car loan. His debt has accumulated rapidly since Thanksgiving, when he only owed $30,000.
…
Read the original article here
Problem gambling in India is a ‘major’ public health issue but there are only two institutions to address this clinically.
When a 36-year-old father of two in Chennai murdered his family before killing himself, it was revealed he had borrowed huge sums of money from friends to feed his online gambling addiction.
At that time, a psychiatrist told the media a telephone helpline set up by an NGO received “more calls about gambling debt” than any other forms of health afflictions. She reported she treated “more” patients addicted to gambling that year than in previous years.
Online gambling is booming. It is projected to reach $US100.90 billion in 2024. The World Health Organization (WHO) and the American…
Read the original article here
Chinese actor Huang Xiaoming (Left on the featured image) has denied allegations that he lost 1.03 billion yuan ($143 million) during a week-long gambling spree at Macao’s Wynn Palace casino. The speculation, which first implicated Mandopop superstar Jay Chou (Right on the featured image), shifted to Huang after widespread social media discussions and reports from Chinese entertainment news outlets.
On 12 March 2025, Huang addressed the allegations through a lighthearted social media post. Sharing a series of sunset photos, he captioned the post, “Wow, the sunset is so beautiful!” When a fan commented, “Did you really lose 1 billion?” Huang jokingly…
Read the original article here
THE HON SUSSAN LEY MP
DEPUTY LEADER OF THE OPPOSITION
SHADOW MINISTER FOR INDUSTRY, SKILLS AND TRAINING
SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS
SHADOW MINISTER FOR WOMEN
FEDERAL MEMBER FOR FARRER
The official ASIC insolvency data, updated Monday, shows there have been almost 26,000 business insolvencies since the Albanese Government was elected and confirmed November 2024 was the worst month for business insolvencies on record with 1,442 businesses going to the wall.
November’s numbers confirm Australia has had 12,405 insolvencies in 2024. This means with a month to go 2024 is already the worst calendar year for business failures on record.
For each of the 26,000 new permanent public…
Read the original article here
By Clara Geoghegan · June 26, 2025, 4:46 PM EDT
Swiss solar panel maker Meyer Burger’s U.S. unit secured a Delaware bankruptcy judge’s interim approval Thursday for a $10 million debtor-in-possession loan as it looks to sell two manufacturing sites in…
To view the full article, register now.
Read the original article here
NCLAT Fortnightly: Important orders on IBC (March 1 – March 15, 2025) Bar and Bench
