Lewis Hamilton’s brother Nicolas had to sell a Mercedes car gifted to him to pay off a debt caused by his “all-consuming” gambling addiction. Hamilton, 39, is one of the greatest F1 drivers of all time – winning six of his seven world titles with Mercedes during his legendary career. And as gift to his…
DetailsIndie British animation studio Factory Transmedia, which produced the animation for the first season of Nick Jr.s The Tiny Chef Show, is shutting down after being placed into a creditors voluntary liquidation. In the U.K., that means that the company is insolvent and no longer has the funds to pay its liabilities. The Altrincham, U.K.…
DetailsIIIPI Chairman Ashok Haldia said IIIPI has been proactively engaged in capacity building and policy advocacy on various aspects of the insolvency profession | file image 2 min read Last Updated : Apr 14 2024 | 7:15 AM IST Efforts are going on to develop a cross-border insolvency framework with a cautious approach and such…
DetailsGetir, one of the world’s largest grocery delivery platforms, is in talks about a radical restructuring just two years after it was valued at nearly $12bn (9.6bn). Sky News has learnt that Getir, which was founded in Turkey and now operates in five markets including the UK, is examining a number of options as part…
DetailsOn the gambling books, Ippei Mizuhara was known by the account number 35966. Using that handle, Mizuhara made 19,000 illegal wagers with an Orange County bookmaker, averaging 25 bets a day, from $10 to $160,000, indicating the level of his alleged addiction. In one day in October, he made three bets totaling $233,386, authorities said.…
DetailsMore than 275,000 borrowers enrolled in Saving on a Valuable Education (SAVE), public service loan forgiveness (PSLF), and others who benefit from previously announced income-driven repayment plan adjustments will see student debt relief amounting to $7.4 billion applied on their accounts, the Biden Administration announced Friday. The decision comes on the heels of a separate…
DetailsOn Friday, President Joe Bidens administration announced its latest student debt relief effort, authorizing $7.4 billion in student loan debt forgiveness for 277,000 borrowers. This latest round of debt forgiveness takes place under Bidens Saving on a Valuable Education (SAVE) program, which ties monthly student loan payments and debt forgiveness to income and family size. …
DetailsIf you’re feeling overwhelmed by high-interest debt, these payoff strategies can help you tackle what you owe. Getty Images If you’re carrying variable-interest debt on credit cards or other credit products, you’ve likely noticed an uptick in interest over the past few years. The Fed implemented a series of rate hikes throughout 2022 and 2023…
DetailsWhat to Know Ippei Mizuhara faces federal bank fraud charges in the the theft of millions of dollars from the account of Dodgers star Shohei Ohtani. In criminal complaint filed in support of the charges, Ippei Mizuhara is accused of placing about 19,000 wagers between December 2021 and January 2024. He is accused of stealing…
DetailsPersonal guarantees can lead small and medium businesses into bankruptcy, warns national insolvency and turnaround firm Jirsch Sutherland. Youre out of free articles for this month To continue reading the rest of this article, please log in. Create free account to get unlimited news articles and more! The firm said owners of small and medium…
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