Michael Jordan was heading towards his first three-peat when he received a harsh blow on his reputation. Back in 1993, a man claiming to be MJs former friend released a book claiming that the Chicago Bulls legend was addicted to gambling and did not pay his debts. The allegations prompted the NBA to look into…
Croydon council has declared effective bankruptcy for the third time in two years, saying it faces an existential question after collapsing under the weight of a toxic debt burden running to more than a billion pounds. In the latest sign of the continuing financial storm raging through local government, the south London authority said it…
Axis Finance Ltd (AFL) has requested Raj Kamal Saraogi, the resolution professional overseeing personal insolvency proceeding against Subhash Chandra, to intervene and stop the amalgamation scheme between Zee Entertainment, Culver Max Entertainment (Sony) and Bangla Entertainment, a subsidiary of Sony. In a communication to Saraogi, AFL, the non-banking financial arm of Axis Bank, said Chandra’s…
The bankruptcy court has admitted VHM Industries to undergo the corporate insolvency resolution process (CIRP) and appointed Sunil Kumar Agarwal as the interim resolution professional (RP) for the Mumbai-based textile manufacturer. The decision of the Mumbai bench of the National Company Law Tribunal (NCLT) came on a petition filed by the State Bank of India.…
In 2018 a 27-year-old Tasmanian assistant financial accountant was convicted of multiple counts of fraud after stealing $292,955, most of it from his employer. The court heard the man had committed the fraud to fund a gambling addiction, pouring the stolen money into a Sportsbet account, whereupon he lost it all. He was sentenced to…
The Supreme Court is slated to make a decision on President Biden’s student debt relief plan in February. As the administration faces an intense uphill legal battle, millions of borrowers are left wondering what’s next. In August, the W… Read the full article at: https://www.cnet.com/personal-finance/loans/student-debt-relief-faces-an-uphill-battle-in-the-supreme-court-according-to-this-expert/
This article was originally published on Bankrate.com. A home equity loan allows you to convert a portion of the equity youve built in your home to cash. Its also an effective way to consolidate debt and eliminate high-interest credit card and loan balances sooner. Thats because the average interest rate on home equity loans is…
Michael Jordan and his legacy in basketball are unmatchable. The legendary Chicago Bulls superstar was an inspiration to countless kids in the 90s. Rightfully so, the Bulls superstar was the biggest star in basketball at the time, especially when he won his first three-peat with the Bulls. In 1993, however, Jordan revealed how he actually…