The company deceived consumers into signing up to a subscription charging them almost 30 a month Paragrim Ltd tricked consumers into signing up to the Mediacraze.net website Consumers were charged a monthly direct debit without their permission and which they were unable to easily unsubscribe from Insolvency Service investigations found no evidence the website provided…
DetailsNEW DELHI: Insolvency and Bankruptcy Board of India (IBBI) has made major amendments to strengthen the regulatory framework of the liquidation process under Insolvency and Bankruptcy Board of India Regulations, 2016 and notified the amendment on February 12, 2024. These changes are aimed at facilitating a smoother process for liquidation, ensuring accountability, and bolstering the…
DetailsNew Delhi: The National Company Law Tribunal (NCLT) on Tuesday extended by 60 days the deadline for completion of Go First airline’s corporate insolvency resolution process (CIRP).Last month, the committee of creditors (CoC) of the budget carrier had directed the resolution professional (RP) appointed for the CIRP to seek an extension of 60 days from…
DetailsGlass tableware manufacturer Ritzenhoff has filed for insolvency under self-administration due to economic challenges. The company is well-known for its colourful designs on drinking glasses that can be found in many German households. The company said the move was part of a strategy for the long-term stabilisation of the company amid ongoing business operations. It…
DetailsIf the promoters of a housing project face insolvency and liquidation, homebuyers property will kept out of the process, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The tweak, which cuts the legal wrangle for homebuyers, gives them a significant say in the liquidation process. For…
DetailsDebt payoff apps can help you organize your debts and formulate an effective repayment plan. These apps come with various structures, features, and prices to suit many financial situations. With a bit of effort, you can find something that works for you. If youre comparing debt payoff apps, theres no shortage of options available. These…
DetailsThe debts of a collapsed group of manufacturing companies have snowballed as liquidators wade through the mess. Last week, news.com.au reported that the final company involved in the Sydney-based GDK Group had been court-ordered to go into liquidation. The Federal Court ordered Joinery Manufacturing Solutions Pty Ltd to go into liquidation over an unpaid tax…
DetailsCredit card debt doesnt follow you to the grave. Rather, after death, it lives on and is either paid off through estate assets or becomes the responsibility of a joint account holder or cosigner. In nine community property states, debts acquired during a marriage are the responsibility of the community or, in laymans terms, the…
DetailsBacliff, Feb. 13, 2024 (GLOBE NEWSWIRE) — Bacliff, Texas – The Debt Management Success service was established to connect people to trusted industry professionals able to help them navigate their debt journey confidently. With soaring college costs and an increasingly competitive job market in the United States, student debts are the most common form of…
DetailsDebt management and debt forgiveness programs are both viable options for borrowers dealing with overwhelming credit card debt. Getty Images If you’re having a hard time making your minimum credit card payments, you may be looking for debt relief solutions. And, as you do your research, you may come across two common forms of debt relief: debt…
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