New Delhi: The government is considering a proposal to allow unhindered registration of flats in completed projects even when the developer is undergoing insolvency resolution. It may also enable the National Company Law Tribunal (NCLT) to seek inputs from the relevant Real Estate Regulatory Authority (RERA), given the complexities of bankruptcy resolution in the housing…
DetailsWASHINGTON, May 30 (Reuters) – Top congressional Republican Kevin McCarthy on Tuesday urged members of his party to support a bipartisan deal to lift the $31.4 trillion U.S. debt ceilingand avoid a catastrophic default, ahead of a critical procedural vote. The gatekeeper House of Representatives Rules Committee is due to consider the 99-page bill beginning…
DetailsMillions of Australians with student HECS-HELP loans will see their debt increase tomorrow when a hefty indexation is applied to the outstanding amount. Student loans are increasing by 7.1 per cent this year. (Flavio Brancaleone) How much are HECS-HELP debts rising this year? Student debt will be increased by 7.1 per cent the same figure…
DetailsThe board of the CBI has drafted in lawyers to prepare for a prospective insolvency filing ahead of a crunch vote by thousands of its members next week. Sky News has learnt that the crisis-hit business lobby group has hired an unnamed City law firm to provide advice on directors’ duties under company law. City sources said…
DetailsMore than 3 million Australians will see their student debt rise in line with inflation tomorrow, adding more than $1,000 to the average loan and sparking warnings of a lifelong impact on borrowing capacity. Key points: The average $25,000 HECS-HELP debt will rise by $1,775 because of indexation There is more than $74.3 billion in outstanding HECS-HELP…
DetailsIn 2022, the average American owed almost $102,000 and paid more than 9.5% of their disposable income on debt. That same year, American households owed approximately $17 trillion in total debt, up $2.75 trillion from 2019. Let’s face it: America has a debt problem. I believe that bad debt habits persist due to our country’s…
DetailsLiquidation is a term that many business owners are likely to have come across and, in some unfortunate cases, may even be familiar with. In this article, weve taken a closer look at what liquidation means, the different types of liquidation, and more. The meaning of liquidation Generally, the term liquidation is used to describe…
DetailsOver five million adults in the UK1 haven’t got a clue how much they owe in outstanding debts. 15% feel their debt is out of control and have no way of paying it off, rising to 18% of 45-54 year olds Half (48%) of over 55s have some sort of debt in the decade before…
DetailsGlobal law firm Clyde & Co has today announced the team hire of 13 corporate lawyers, including Nora Al Muhamad, Darren Harris, and Alan Wood as partners in its global Corporate & Advisory practice. They are joined by a team of legal directors, senior associates, associates, and trainees. The team hire represents one of the…
DetailsHUDSON, Ohio, May 30, 2023 /PRNewswire/ — Diebold Nixdorf, Incorporated (the “Company”) (NYSE:DBD) today announced it has entered into a restructuring support agreement with certain of its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly. The restructuring is expected to significantly reduce debt and leverage…
Details