People struggling with debt or seeking to fix their credit score often turn to credit relief companies. And some of these companies make big promises, but then dont deliver, leaving people further in debt. Debt is not inherently bad, but many people find themselves underwater as monthly payments and interest stack up, leading them to…
Explore the advantages of engaging with a debt relief company for budgeting guidance and legal protection. Las Vegas, NV –News Direct– 3D Chess Media In the midst of financial hardship, understanding how to effectively manage your budget and ensuring legal protection are two pivotal aspects that can significantly impact your financial journey. Debt relief companies…
12/10/2023 15:00 CBS / Nikki van Toorn Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 25 more bankruptcies in September 2023 than in the previous month; an increase of 9 percent. The trend in the number of bankruptcies has been upward for over a year. Over 60 percent…
MUMBAI, Oct 12 (Reuters) – Go First’s former owner, the Wadia Group, has not shown an intent to bid for the grounded Indian airline and has stayed away from the insolvency process so far amid an ongoing legal tussle, three sources told Reuters. Cash-strapped Go First filed for bankruptcy in May, blaming “faulty” Pratt &…
It’s been nearly five months since Wadia Group’s Go First airline went bankrupt. Amid the efforts to revive the airline, a billionaire has stepped forward as the only bidder for the bankrupt airline. metrorailnews That billionaire is 53-year-old Indian industrialist Naveen Jindal, who is the promoter of Jindal Power. He is understood to have put in an expression of interest…
The Education Department clarified Wednesday what kind of debt relief its considering after an advisory committee pushed for more specifics. Essentially, the department wants to cancel some or all of borrowers outstanding loan balances if they fall into certain categories, such as spending several years in repayment or experiencing hardship. Following that clarification, the 16-member…
Mr Arunesh Narain Maharaj, of Sydney, New South Wales, the former Chief Executive Officer of stockbroking firm BBY Limited (BBY), has appeared in the Downing Centre Local Court charged with aiding, abetting, counselling or procuring fraud. ASIC alleges that Mr Maharaj aided, abetted, counselled or procured offences by another former BBY employee, who, by deception,…
The National Company Law Tribunal (NCLT) has admitted Indian Overseas Banks petition seeking initiation of a corporate insolvency resolution process against textile manufacturer Shrivallabh Pittie South West Industries. The tribunal appointed Avil Menzes as the interim resolution professional to take over the day-to-day affairs of the company. Indian Overseas Bank, one of the financial creditors,…
Jindal Power (JPL), led by Naveen Jindal, has submitted an expression of interest (EoI) for Go First, which has been undergoing an insolvency process since May of this year, according to sources. Go Firsts resolution professional invited EoIs for the carriers sale in July. Sources have confirmed that JPL has filed an EoI for Go…
Naveen Jindal, the promoter of Jindal Steel and Power Ltd., has shown interest in venturing into airlines through the insolvent Go First. The promoter has submitted an expression of interest in buying the airline, according to two people familiar with the matter. This is an opportunistic play from the company, as it is looking…