In a recent episode of “The Rich Dad Radio Show,” financial educator and author Robert Kiyosaki expressed grave concerns about the United States financial health. “America is now bankrupt,” he said. “And the question I want to answer today is how [come] America, at one time reportedly the richest country in the world, is now…
In this State of the Economy podcast, businessLines KR Srivats, Senior Deputy Editor, discusses the recent landmark Supreme Court judgement on personal guarantors insolvency in India with Dhananjay Kumar, Partner, Cyril Amarchand & Mangaldas, a leading law firm. By upholding the constitutional validity of Insolvency and Bankruptcy Code (IBC) provisions related to personal guarantors insolvency…
By Ben Zigterman (November 28, 2023, 6:55 PM EST) — Joint trustees in England for the bankruptcy estate of Henry Gabay, a co-founder of the defunct global asset manager Duet Group, filed a Chapter 15 bankruptcy petition on Monday in New York seeking recognition of Gabay’s personal insolvency in the United Kingdom…. Read the full…
Michael was just 17 when he placed his first bet on a horse race. Key points: The federal government is considering reforms to online gambling A parliamentary inquiry has recommended a complete ban on gambling advertising within three years A regional Queensland man says the accessibility of gambling through apps and advertising make it difficult for people…
HEALTHS financial reserves have depleted to such an extraordinarily low level that the department would be declared bankrupt if it were a UK council, according to an adviser and senior manager. The department has already used 3.1 million of its reserves to deal with additional pressures between August and September this year. And according to…
Nearly 60 Hong Kong public sector households have been found to own private flats in the wake of a get-tough policy designed to crack down on abuse of the system. Permanent Secretary for Housing Rosanna Law Shuk-pui said the 59 offenders were caught after officials carried out property checks on 57,000 people in 25,000 households…
FRANKFURT, Nov 27 (Reuters) – Austrian property group Signa could see more of its units file for insolvency as soon as this week as the real estate empire is running out of cash, people with direct knowledge of the matter said on Monday. The group, controlled by an Austrian magnate but whose business is anchored…
An aircraft lessor is heading to Delhi High Court to execute a judgment it obtained against SpiceJet (SG, Delhi International) in the UK High Court. Cross Ocean Partners, the lessor behind the special purpose vehicle (SPV) known as VS MSN 36118 CAY Designated Activity Company, is pursuing the low-cost carrier for around INR900 million rupees…
Former West Ham and Blackburn star Lucas Neill has said he “learned the hard way” after poor financial advice led him down the path to bankruptcy. The Australia international defender made more than 250 Premier League appearances, captaining the Hammers and also wearing the armband for his country. However, after being declared bankrupt in the…
November 27, 2023 11.58am November 27, 2023 11.58am Normal text sizeLarger text sizeVery large text size The self-declared severely insolvent status of one of Chinas largest shadow banks has revealed another crack in a financial system stressed by abrupt and disruptive shifts in the countrys economic growth model and trajectory. Last week, Zhongzhi Enterprise Group…