BBC Lee Bottomley BBC News, West Midlands 1 hour ago The leader of a council has insisted it will not be declared effectively bankrupt while she is in charge. Stoke-on-Trent City Council has warned that without 44.7m in government support it faced closing numerous services in order to balance the books. It was “highly unlikely”…
DetailsThe National Company Law Appellate Tribunal (NCLAT) on Thursday said former promoters and directors of a company going through insolvency process are not barred from submitting bids until they are ineligible under clauses of Section 29A of the insolvency law. The mere fact that someone was a promoter and director of a company going through…
DetailsBBC Lee Bottomley BBC News, West Midlands 9 minutes ago The leader of a council has insisted it will not be declared effectively bankrupt while she is in charge. Stoke-on-Trent City Council has warned that without 44.7m in government support it faced closing numerous services in order to balance the books. It was “highly unlikely”…
DetailsMost credit card issuers wont forgive all your outstanding debt, but they will work with you on repaying with a different payment plan. They may also negotiate with you on the total amount you owe if you are severely delinquent. You can take several different approaches to reducing what you owe in credit card debt,…
DetailsUnity continues to restructure, this time preparing for changes in its leadership. The founders of ironSource, an app monetization platform it acquired in 2022, will soon leave the company. Unity shared the news in an internal email obtained by Mobilegamer.biz, saying that all six ironSource founders Tomer Bar-Zeev, Omer Kaplan, Eyal Milrad, Arnon Harish, Tamir…
DetailsIf you’re struggling with high-interest debt and hoping to turn your situation around, a debt consolidation loan could be what you need. These loans are typically personal installment loans with fixed interest rates and fixed monthly payments. Debt consolidation loans also come with a specific repayment term, so you know the exact date you’ll become…
DetailsNetled Oy is applying for corporate restructuring, according to the insolvency register. CEO Niko Kivioja confirms the restructuring procedure to Kauppalehti. “The company runs on investors’ money. To obtain funding and improve the company’s financial situation, there was no choice but to apply for this arrangement and seek breathing space and build new growth,” Kivioja…
DetailsAlterna Capital Partners has joined the queue of lessors at India’s National Company Law Tribunal (NCLT) seeking to have SpiceJet (SG, Delhi International) declared insolvent. An Alterna special purpose vehicle (SPV) is attempting to enforce a March 2023 UK High Court judgement awarding it more than USD11 million. The matter of Alterna Aircraft V B…
DetailsNetled Oy is applying for corporate restructuring, according to the insolvency register. CEO Niko Kivioja confirms the restructuring procedure to Kauppalehti. “The company runs on investors’ money. To obtain funding and improve the company’s financial situation, there was no choice but to apply for this arrangement and seek breathing space and build new growth,” Kivioja…
DetailsDebt relief programs might have requirements you need to meet, including a minimum amount of debt. Getty Images Credit cards can be a great tool for consumers. They allow you to make purchases you might not be able to afford in cash, many offer rewards programs and they let you build credit to get you…
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