E-transfer (Canada):[email protected] – password RebelNews if required Cheques made out to Rebel News:Rebel News Network Ltd.PO Box 61056 Eglinton/Dufferin ROToronto, ON M6E 5B2 Crypto Remove Ads Black Lives Matter’s (BLM) national establishment faces the specter of bankruptcy, as its finances nosedived to an $8.5 million deficit last year, concurrently awarding multiple employees with salaries in…
Former British child migrants are demanding King Charles III intervene after a “disgusting” compensation offer for abuse suffered at Australia’s notorious Fairbridge farm schools. Key points: UK child migrants were told to expect 1 per cent of the value of the claims for abuse suffered at Australian farm schools Administrators wrote to creditors stating there was insufficient money to pay…
KUALA LUMPUR (May 24): The Dewan Rakyat unanimously passed amendments to the Insolvency Act 1967 via a voice vote on Wednesday (May 24). The amendments involve improvements to the Acts automatic discharge mechanism, streamlining of creditor meeting process, enabling the use of technology in bankruptcy administration, and addition of two eligible bankrupt categories to be…
Court documents reveal that Fahrenheit has won the bid to acquire Celsius Network. The Fahrenheit group must provide a $10 million deposit within three days to complete the process. Cryptocurrency consortium Fahrenheit has won the bid to acquire insolvent crypto lender Celsius Network, court documents revealed. Fahrenheit will acquire Celsius Networks institutional loan portfolio, staked…
Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news today (25 May 2023) that Woking borough council now has a total debt of 1.9bn. Ministers have stepped in and appointed external commissioners…
Celsius named Fahrenheit, an association of various crypto companies and investors, the successful bidder in the auction for the bankrupt crypto lenders assets on Wednesday, according to a court filing. Fahrenheit is composed of venture capital firms Arrington Capital and Proof Group, mining group U.S. Bitcoin, as well as investors Steven Kokinos and Ravi Kaza.…
May 25, 2023 6.58pm Rivet Mining Services founder Mark Rowsthorn, who poured more than $30 million into the logistics group, is likely to have had his investments wiped out after the companys lender put the parent company into administration. RMS emerged out of the ashes of former transport group McAleese, which was also run by…
The Australian insolvency system is dominated by debtors with relatively small debts, many of whom are vulnerable, the Australian Financial Security Authority says. According to AFSA data, there are 60,000 people in the personal insolvency system currently, with a total of A$18 billion of liabilities. Of those, 52.7 per cent have less than $50,000 of debts. AFSA…
CLOSE to 40% of those who were declared bankrupt are between the ages of 35 and 44, says Minister in the Prime Ministers Department Datuk Seri Azalina Othman Said. They made up 37.38% or 17,917 individuals who were declared bankrupt as of December last year. She said a total of 47,929 individuals were declared bankrupt…
Investing / Stocks RapidEye / Getty Images/iStockphoto After youve painstakingly done your research on what stocks to buy or which company to invest in, if that company then files for Chapter 11 bankruptcy it can hit you hard, especially in the wallet. Any investment comes with a level of risk, and knowing the entire financial…