Across the US in recent weeks student loan borrowers hoping to have their debts eased have opened their email inboxes to a message from the US secretary of education, Miguel Cardona. It read in part: Lawsuits are preventing the US Department of Education from implementing its one-time student loan debt relief program; we are holding…
DetailsStudent debt aid has become a hot political topic in the USA in the past few months as Joe Biden seeks to extend the moratorium on paying back student loans as a result of the Covid-19 pandemic. President Joe Biden has been working on his student loan forgiveness program which is now in the court…
DetailsFormer steel magnate Pramod Mittal. (Image: Bloomberg) In June 2020, Pramod Mittal, brother of one of the richest men in the world, Lakshmi Mittal, and himself a steel magnate, was declared bankrupt by a UK court. Since then, he has been fighting to get himself out of the legal mess, but on Friday (November 25,…
DetailsDEERFIELD, Ill., Nov. 09, 2022 (GLOBE NEWSWIRE) — Surgalign Holdings, Inc. (NASDAQ: SRGA), a global medical technology company focused on elevating the standard of care by driving the evolution of digital health, today announced that its Board of Directors has approved a corporate restructuring plan intended to help drive growth in the most valuable and…
DetailsThai Airways International has promoted Chai Eamsiri, its current chief financial officer, to helm the airline as it undergoes business rehabilitation. The appointment, effective 1 February 2023, marks the end of a series of acting airline chiefs since 2020. Eamsiri will replace current acting CEO Suvadhana Sibunruang, who was appointed to the role in June…
DetailsVictoria Mutual Building Society, VMBS, a mortgage bank with various non-banking companies under its wings, was on Thursday granted approval by the Supreme Court to move ahead with its plan for restructuring the group. The Supreme Courts granting of order approving VMBS Scheme of Arrangement for the restructuring for the building society and its subsidiaries,…
DetailsYandex N.V.(NASDAQ: YNDX), often described as Russias Google, sought Vladimir Putins permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian presidents approval,…
DetailsNew Delhi, Nov 25 (IANS) The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties (NS: ) and Infrastructure. The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional. The classes of creditors ascertained…
DetailsContents1 General1.1 Legislation1.1.1 What main legislation is applicable to insolvencies and reorganisations?1.2 Excluded entities and excluded assets Contents: General Legislation What main legislation is applicable to insolvencies and reorganisations? The Corporations Act 2001 (Cth) (the Act) is the primary piece of federal legislation that governs the registration, administration, insolvency and reorganisation of companies incorporated in…
DetailsBy Christian Lee Money can be tight in the current climate and it is often hard to know where to go for help. Here is a list of services and organisations that can provide help and support for people living in West Leeds with financial problems. – Advertisement – One of the biggest sources of…
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