China Debt Crisis: Wealth manager Zhongzhi files for bankruptcy liquidation – WION

Liquidation

WION Video Team  | Updated: Jan 07, 2024, 11:00 AM IST The ongoing property crisis in China has taken down another company. This time, it is wealth management firm Zhongzhi, which filed for bankruptcy liquidation. Zhongzhi applied for bankruptcy arguing it could not repay its debts due to insufficient assets. Read the full article at: https://www.wionews.com/videos/china-debt-crisis-wealth-manager-zhongzhi-files-for-bankruptcy-liquidation-677370

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Burnley Player Charlie Taylor's Unexpected Bankruptcy Saga – BNN Breaking

Bankruptcy

Burnleys Charlie Taylor Declared Bankrupt Due to Administrative Error Burnleys Charlie Taylor Embroiled in Bankruptcy Drama Burnleys Premier League defender, Charlie Taylor, recently found himself in the midst of an unexpected financial snafu. The 30-year-old left-back, who commands a sum of roughly 30,000 per week, was declared bankrupt due to unpaid bills. What makes this…

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Troubled Investment Giant Zhongzhi Filed for Bankruptcy Liquidation – Caixin Global

Liquidation

Chinas embattled investment conglomerate Zhongzhi Enterprise Group Co. Ltd. has filed for bankruptcy liquidation, shortly after it disclosed a financial shortfall of up to $36.5 billion. A court in Beijing said Friday it has accepted Zhongzhis application for bankruptcy liquidation, in which the company stated that its assets are insufficient to cover all liabilities and…

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Biden's Education Chief Urges Patience Over Student-Loan Debt Relief – Yahoo Finance

Debt Help

(Bloomberg) — Education Secretary Miguel Cardona urged patience as the administration tackles its next steps on student-loan debt relief, a signature initiative of President Joe Bidens, saying officials were dealing with a system that is broken. Most Read from Bloomberg We are cleaning up a big mess, Cardona said in an interview on Bloomberg Television…

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How To Consolidate Payday Loan Debt (2024 Guide) – MarketWatch

Debt Help

Common debt relief options for payday loans include debt consolidation, debt settlement and debt management through a credit counseling agency. Debt Consolidation Loans A debt consolidation loan is a single loan that combines multiple loans into one payment. Generally, these are unsecured personal loans, with a fixed interest rate monthly payment. Personal loans for debt…

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Guaranteeing repayments and not just resolutions: Apex court upholds law on action against personal guarantors – Firstpost

Bankruptcy

Supreme Court of India. Reuters The much-awaited approval from the top Constitutional Court in India is finally here, paving path for financial creditors to relay back on the fast-paced bad debts resolution track laid by the Govts masterstroke law the Insolvency and Bankruptcy Code. The Supreme Court of India on 9th November 2023 settled the…

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Industry pressures push Wayward into voluntary administration – Beer & Brewer

Liquidation

Sydney-based Wayward Brewing Co. and its co-owned distribution business Local Drinks Collective have entered into voluntary administration, seeking financial restructuring to cope with adverse economic conditions facing the craft beer industry. Local Drinks Collective is jointly operated with Batch Brewing Co, although Batch is not involved in the administration process. DBA Reconstruction & Advisory has…

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Organic Choice, Trix, Orange Power to disappear from supermarkets after collapse – Sydney Morning Herald

Bankruptcy

Normal text sizeLarger text sizeVery large text size Australian shoppers will soon be unable to buy household cleaning products from Organic Choice, Trix, Orange Power and Aware Sensitive from Coles and Woolworths after the cleaning brands parent company collapsed just days into the new year. On January 2, Hiro Brands appointed three KPMG restructuring partners…

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