Embattled commodity trader Noble Group Ltd. is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process. In a brief court hearing Friday, the judge called the company insolvent and allowed a court-appointed officer to oversee the restructuring.…
SAUL LOEB / Getty Images The Department of Education (DOE), complying with a federal judges ruling,announced a massive victory for students victimized by now-closed for-profit colleges: their loans will be canceled. Around 15,000 students will have an estimated $150 million in debt erased. The students granted forgiveness are those who were attended for-profit schools that…
The new year is about to start and National Debt Relief aims to help people put together their financial resolutions for the year. The article titled “Financial Resolutions 5 You Need to Make for 2019” released December 14, 2018, gives consumers an idea on some of the best things they can aim to improve on…
Liam Kelly The king of good times Vijay Mallya is resisting extradition to India on fraud chargesPUNIT PARANJPE The Indian beer, airline and Formula One boss known as the king of good times faces bankruptcy proceedings in a London court and a separate attempt to force the sale of his sons luxury yacht. The State…
A Justice Department official asked a federal judge to withhold payments to McKinsey & Co. for its work advising a bankrupt Colorado coal miner, adding another voice to a chorus of criticism faulting how the firm discloses potential conflicts of interest. In a Friday filing with the U.S. Bankruptcy Court in Houston, Acting U.S. Trustee…
Digging your way out of debt begins with figuring out how much you owe and to whom, so you can prioritize repayments and avoid shooting yourself in the foot. Photo: iStock If a penny saved is a penny earned, a penny paid back should be worth at least as much. But the way Americans are…
Get the Better newsletter. SUBSCRIBE Dec. 15, 2018 / 1:45 PM GMT By Jean Chatzky We vote no on the idea of money as the root of all evil. But it does turn out to cause quite a bit of trouble in relationships and when it does you can likely point a finger toward one…
With Jacob Zumas largest asset, Nkandla, effectively belonging to the Ingonyama Trust under King Goodwill Zwelithini, just how the ex-president will be able to repay a massive pending debt following a high court judgment remains a mystery. The taxpayer will likely not recover much of the millions already spent on his legal fees and, if…
Ten Kate Racing operated the Red Bull Honda World Superbike Team, fielding Jake Gagne (45) and Leon Camier (2) in 2018. Ten Kate Racing, the entity that represented Honda in the FIM Superbike and Supersport World Championships over the past 18 years, has declared bankruptcy and started legal proceedings against Honda following Hondas…
Sat, Dec 15, 2018 – 7:00 AM [NEW YORK] Embattled commodity trader Noble Group is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process. In a brief court hearing on Friday, the judge called the company insolvent…