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The EU could hike charges for Brits to enter the bloc as part of efforts to pay off massive £200billion Covid debts, it was claimed today.
A new levy could top up the seven euro – £6 – fee that will be due when the new ETIAS system takes effect, currently scheduled for the end of next year.
Under the European Travel Information and Authorisation System, arrivals from 60 countries with visa-free deals – including the UK and US – will need to pay for a travel pass.
The council will hire two new staff members to advise people on debt, but the overall pot of cash has been slashed
Acorn members outside City Hall last month campaigning to stop the council using bailiffs(Image: Darren Shepherd)
Budget cuts affecting debt advice services are due to hit some of the poorest people in Bristol struggling to pay their bills. The government has given councils across the country less money this year in a crucial grant that helps support households with the rising cost of living.
Liz Kendall, the welfare secretary, slashed the funding in March for the Household Support Fund by around £100 million, giving councils across England £742 million for the year. So Bristol City Council has £1 million less this year to…
IPO-bound Urban Company has reported a 38% increase in its operating revenue, reaching Rs 1,144 crore for the financial year ending March 31, 2025, according to its annual report released on Wednesday.
Financial details:
The company turned profitable in FY25, posting a net profit of Rs 240 crore compared to a loss of Rs 93 crore in FY24.
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3. The problem: Miami Twp. doesn’t have $45 million. The township has a large budget, but most of its revenue is tied to levies that legally must be spent on designated purposes. The township only has about $1.2 million in discretionary revenue, which it…
Blokker will open 40 stores in the Netherlands to rebuild the retail store chain that was declared bankrupt last year. The first 12 new stores were opened on Wednesday. The rest will open in the coming weeks, the store chain reported.
Blokker was declared bankrupt in November of last year. The chain, which was founded in 1896, was dealing with continuous losses and issues regarding the payments of debts before the bankruptcy.
Around 45 of the company’s 400 stores remained open during the bankruptcy. An average of 10 people will work in each store, Roland Palmer said. The cousin of Jaap and Ab Blokker purchased the brand name after the company had gone bankrupt in November.
The first 12 stores are opening in Alphen aan den Rijn,…
Medical debt financing and “patient access” companies are pitching their services to struggling rural hospitals nervous about keeping the doors open, as congressional Republicans consider healthcare cuts that could leave 16 million Americans without insurance.
These companies, who act as middlemen between hospitals and patients, told the Guardian they could be a solution for cash-poor hospitals seeking to get paid by “subprime patients” – especially the low-income, uninsured and unbanked.
“These guys are losing money – it’s not sustainable,” said Chris Stenglein, CEO of Curae, about hospitals and healthcare providers. Curae is a company that charges hospitals a fee to find money from all sorts of sources – including…
Venture debt firm Orbit Capital has announced the launch of its second investment fund, Growth Debt II, securing €100 million to support fast-growing technology companies in CEE that often fall outside traditional bank lending criteria.
Following the success of its initial €40 million Growth Debt I fund, the new vehicle has already reached a first close of €70 million, with final negotiations underway. Key investors in the fund include the European Investment Fund (EIF), Česká Spořitelna (the Czech Republic’s largest bank), and Rentea, a pension company under the Partners Group. Retail investors will also have access to the fund through a separate investment vehicle provided by Conseq.
The National Company Law Tribunal (NCLT) Mumbai bench of Justice V.G Bisht, (Retd). and Prabhat Kumar (Technical Member ) has held that even in the absence of a NeSL certificate, an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 can be admitted if the disbursal of the loan amount and occurrence of default are established through other reliable and relevant documents.
Brief Facts:
The Corporate Debtor was incorporated on 01.10.2015 under the provisions of the Limited Liability Partnership Act, 2008, and is registered with the Registrar of Companies, Pune. 5. The Corporate Debtor availed multiple credit facilities from Canara Bank under the category of Advances against Supply Bills for trading…
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The UK Government is one of the biggest obstacles to the world’s poorest countries securing debt relief, according to a coalition of aid organisations ahead of a crucial international development conference.
Christian Aid, the non-profit coalition Bond, and other campaign groups have accused the UK of blocking proposals that would help developing nations tackle their crippling debt burdens, despite promises to reset…
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) quashed a resolution plan for Twenty-First Century Castings Pvt. Ltd., noting violations of the Insolvency and Bankruptcy Code (IBC), 2016, and failure to settle statutory dues owed to the Gujarat State Tax Department.
The main issue in this case was whether government tax dues should be treated as secured debt under the IBC.
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Coming to the facts of the case, M/s Harsh Foundry Fluxes & Alloys initiated insolvency proceedings against Twenty First Century Castings Pvt. Ltd. (the corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code.
