Insolvency Guardian Media Centre
HYDERABAD: A 19-year-old student allegedly stabbed his father to death after losing Rs 6 lakh — a loan the victim had secured after mortgaging his property for the son’s engineering coaching — in online betting and then tried to cover his tracks by claiming that his father died by suicide due to financial distress in Hyderabad Gopanpally suburb on Tuesday.Police arrested the accused, Kethavath Ravinder, for killing his father, Hanumanthu, a 37-year-old mason, on Wednesday.The victim’s younger brother and auto driver, Kethavath Ramesh, said that Ravinder had called him around 2.30 pm on Tuesday, claiming that his father had died by suicide due to financial distress. The family believed Ravinder’s word and even began funeral…
Read the original article here
New Trump Tax Law Kills Off MGM & Caesars Rewards In 6 Months—Gamblers Will Owe Taxes Even When They Lose
The ‘Big Beautiful Bill’ was a Christmas tree of wishlist items for the Presidents and for legislators whose votes were needed for passage. But at over 1,000 pages, there are bound to be Easter eggs – special interest provisions as well as time bombs we don’t know about yet.
Just before it was voted on, one provision was discovered that made it into the final bill that will kill off casino loyalty programs like MGM Rewards and Caesars Rewards: recording your gambling transactions is going to mean a bigger tax bill, even when you lose money gambling. People…
Read the original article here
South Korean crypto yield platform Haru Invest, implicated in a $1 billion fraud, has officially been declared bankrupt by the Seoul Rehabilitation Court, as per a local news report.
Haru Invest, operated by Haru Management Limited, lured over 16,000 investors by guaranteeing principal safety and offering lucrative returns on crypto deposits. However, the scheme unraveled in June 2023 when the platform abruptly halted withdrawals, triggering widespread panic.
Investigations later revealed the company had defrauded investors of 1.4 trillion won (approximately $1 billion USD).
The company, incorporated in the British Virgin Islands but primarily operating from South Korea, was declared insolvent due to its inability to repay…
Read the original article here
Caesars: Attractive Despite Legislative And Debt Headwinds Seeking Alpha
Read the original article here
Former Putin challenger is declared bankrupt by Russian court Global Banking | Finance | Review
Read the original article here
Quashing of insolvency order sought: NCLAT likely to decide on Ansal API homebuyers’ plea today Hindustan Times
Read the original article here
Michelle Lim, granddaughter of disgraced Singapore oil tycoon Lim Oon Kuin (O.K. Lim), has failed to convince the court that three insurance policies under her name, valued at SGD521,000 (US$409,000), should be excluded from her father’s bankruptcy estate.
High Court Judicial Commissioner Mohamed Faizal has rejected Michelle Lim’s application for a declaration that the three insurance policies are held in trust solely for her benefit by her father, Lim Chee Meng, who was declared bankrupt in December 2024, according to The Business Times.
 |
|
Lim Oon Kuin, popularly known as O.K. Lim, speaks during an interview in 2013. Photo by Reuters |
The policies are among eight AIA insurance policies the father took out when Michelle was a…
Read the original article here
As retirement approaches, many people look forward to a slower pace of life and the freedom that comes with no longer working full-time. But for those carrying debt into their later years, the prospect of retiring can bring just as much anxiety as it does anticipation.
With income often dropping and expenses sometimes shifting in unpredictable ways, it’s important to take stock of your financial situation beforehand.
Dennis Hussey, team manager at National Debtline who has also been a money advisor for 20 years,…
Read the original article here
78% of Americans Fear Trump’s Tariffs Will Raise Debt: 6 Ways to Stay in Control Money Talks News
Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member), Justice Mohammad Faiz Alam Khan and Mr. Naresh Salecha (Technical Member) has held that a complete surrender on the part of the corporate debtor to negotiate the terms of the Memorandum of Understanding, by which the property from the Respondent was to be purchased, and agreeing to a one side clause that empowers the Respondent to unilaterally terminate the agreement and forfeit the entire amount paid in pursuance of the said agreement would fall within scope of fraudulent transactions under section 66 of the Code.
Brief Facts:
This appeal has been filed by the Appellants under Section 61 of the Insolvency…
Read the original article here
Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market.In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany, under the German Insolvency Code (InsO). The decision follows a comprehensive assessment of market viability, strategic priorities, and continued losses caused by plunging demand, PTI reported.“The challenges for GMB began with slide in demand for German made solar panels, when faced with the precipitous drop in prices by Chinese manufacturers of solar panels,…
Read the original article here
You don’t have permission to access “http://www.ndtv.com/offbeat/us-woman-reveals-how-chatgpt-helped-her-pay-off-23-000-debt-no-financial-hack-8802450” on this server.
Reference #18.cd672817.1751799824.3ca2f606
https://errors.edgesuite.net/18.cd672817.1751799824.3ca2f606