The amount of debt you have may be less important than whether you can pay it back when deciding on whether to file bankruptcy. Petar Chernaev / Getty Images If you feel like you’re drowning in debt, you may have already considered filing for bankruptcy. But bankruptcy is a big step, and if you’re going…
DetailsA Hong Kong man suffered multiple injuries from a fall on Wednesday after he allegedly tried to escape captors who held him for a HK$2 million (US$255,832) football gambling debt. The 23-year-old man attempted to climb out of a fifth-floor industrial building window, but fell onto the units first-floor podium that same day. Emergency personnel…
DetailsThe pilot measure for mutual recognition and assistance of insolvency proceedings between the courts of three pilot areas in Mainland China and Hong Kong was agreed in mid-2021, which is known as the Cooperation Mechanism. Since then, liquidators in Hong Kong have had a more certain and structured route to seek, through Hong Kong Court,…
DetailsEmbattled Chinese property juggernaut Evergrande has once again wriggled its way out of shutting down completely two years after becoming the most indebted company in the world. On Monday local time, many thought the property developer was facing its final reckoning at a Hong Kong bankruptcy court where it was widely expected the business would…
DetailsBy Zak Wheeler For Daily Mail Australia Published: 12:06 AEDT, 6 December 2023 | Updated: 12:12 AEDT, 6 December 2023 A construction company operating under almost half a dozen different names has entered into liquidation after racking up millions of dollars in unpaid debts. Si… Read the full article at: https://www.dailymail.co.uk/news/article-12829839/Simsai-Construction-collapses-Perth-construction-liquidation.html
DetailsKey Takeaways Procter & Gamble Co. (P&G) will take up to $2.5 billion in charges for a restructuring along with an impairment related to its Gillette business. The consumer products company said the restructuring would take place primarily in certain of its enterprise markets, including Argentina and Nigeria. Procter & Gamble warned that while the…
DetailsFinance is a great enabler of climate action, said UN climate change executive secretary Simon Stiell as he kicked off Finance Day, which included a series of pledges for the Green Climate Fund, commitments from international banks and support for debt relief for vulnerable countries. Heres ESG Claritys round-up of the key announcements: Green Climate Fund…
DetailsProcter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring of certain markets. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current…
DetailsA young dad has vowed to never work for a start-up again after his nightmare experience at a streaming service before the company went bust. Sydney-based sport streaming platform Cluch Pty Ltd entered voluntary administration in September with debts of more than $3 million. The business is still trading but with a severely reduced workforce,…
DetailsBloomberg News Dec 6, 2023 2.13am Moodys Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the worlds second-largest economy. Moodys lowered its outlook to negative from stable while retaining a long-term rating of A1 on the nations sovereign bonds, according to a…
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