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KUALA LUMPUR (July 3): Fashion designer Datuk Jovian Mandagie was declared a bankrupt by the High Court on Thursday after failing to repay a friendly loan of RM5.28 million, including interest, to engineering construction company Cekap Air Sdn Bhd (Cekap Air).
Senior Assistant Registrar Muhammad Faisal Zulkifli issued the order after allowing the creditors’ petition filed on Nov 20, 2024.
Lawyer Siti Nur Athirazati Rohizad, representing Cekap Air, when met by reporters after the proceedings, said her client had filed a bankruptcy notice on May 21, 2024, after Jovian failed to comply with a direct judgment given by the court on April 2 of the same year.
“After obtaining leave to issue a bankruptcy notice against Jovian, we filed the…
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(InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst thing you can do is panic or pay right away. Before taking action, it’s important to validate the debt and understand your legal rights.
“Don’t be afraid to say, who are you? Where are you calling from and what is the purpose of the call?” Tayne advised. “If you’re still unsure whether they’re asking you for personal information to verify certain details, you can ask them for a phone number. You can look them up yourself online. Do a little independent…
Changes and uncertainty in U.S. federal policy have tipped major companies into bankruptcy this year, with residential solar company Sunnova, auto-parts maker Marelli and others blaming aggressive tariffs and shifting tax…
Walnut Creek-based Del Monte Foods announced Tuesday it has filed for Chapter 11 bankruptcy protection and is seeking a buyer.
The company and certain affiliates and subsidiaries filed in the U.S. Bankruptcy Court for the District of New Jersey.
The company said it entered into a restructuring support agreement with a group of its lenders holding some of the company’s term loan indebtedness.
“This is a strategic step forward for Del Monte Foods,” said Greg Longstreet, President and CEO of Del Monte Foods, in a statement. “After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and…
The head of the State’s corporate watchdog has rejected suggestions that the fall-out from its investigation into the affairs of media company INM will make it reluctant to appoint inspectors in future.
The inspectors’ report on INM was published last year, and the Corporate Enforcement Authority (CEA) ultimately decided that no enforcement action would be taken arising from the report.
(InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst thing you can do is panic or pay right away. Before taking action, it’s important to validate the debt and understand your legal rights.
“Don’t be afraid to say, who are you? Where are you calling from and what is the purpose of the call?” Tayne advised. “If you’re still unsure whether they’re asking you for personal information to verify certain details, you can ask them for a phone number. You can look them up yourself online. Do a little independent…
(InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst thing you can do is panic or pay right away. Before taking action, it’s important to validate the debt and understand your legal rights.
“Don’t be afraid to say, who are you? Where are you calling from and what is the purpose of the call?” Tayne advised. “If you’re still unsure whether they’re asking you for personal information to verify certain details, you can ask them for a phone number. You can look them up yourself online. Do a little independent…
There are warning signs that indicate your credit card debt has grown beyond what you can handle with do-it-yourself methods.
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Credit card debt has become a defining financial challenge for millions of Americans, with the average cardholder carrying thousands of dollars in credit card debt currently. But with interest rates remaining stubbornly high — the average card now comes with an APR of over 21% and many have much higher rates — what starts as a manageable balance can quickly grow into an overwhelming…