The district court decides that Brighter’s corporate restructuring must end – Marketscreener.com

Since November 2, 2022, Brighter AB (Publ.) (“the Company”) has been in corporate restructuring with the aim of giving the Company time to negotiate a long-term financial solution and implement operational and organizational changes for profitable growth. The district court has today decided that the reconstruction must cease immediately and the board of Brighter AB…

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The implications for restructuring of Russia’s Ukraine war sanctions – Pinsent Masons

The intention of the sanctions is to generate tangible consequences for Russiaand affect its ability to function in international markets. Western nations including the UK have imposed sanctions against a broad range of Russian targets including wealthy individuals, banks, businesses, and state-owned operations. Over 1,000 Russian individuals and businesses have been sanctioned by the US,…

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Stress and mortgage difficulties as inflation sees student HECS and other HELP debts balloon – ABC News

Preparing for the arrival of a baby isn’t cheapand as an expecting single mum,Carrie Riseley is watching every penny. Key points: University graduates say they’re seeing their HELP repayments wiped out as their student debts grow with inflation Inflation piled $1.9 billion of extra debt onto students in June this year HELP debts are impacting…

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Six states urge U.S. Supreme Court to keep block on Biden student debt relief – Reuters

Nov 23 (Reuters) – Six states on Wednesday asked the U.S. Supreme Court to reject President Joe Biden’s bid to reinstate his plan to cancel billions of dollars in student debt that they have argued exceeded his administration’s authority. The states – Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina – filed a response to…

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Commentary – Monthly Insolvency Statistics October 2022 – GOV.UK

Contents0.0.1 Released0.0.2 Next release0.0.3 Media enquiries0.0.4 Statistical enquiries0.0.5 User Engagement Survey1 1. Main Messages for England and Wales Released 15 November 2022 Next release 14 December 2022 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Samuel Tudor (author) [email protected] David Webster (responsible statistician) User Engagement Survey Official Statistics (smartsurvey.co.uk) Please complete this survey…

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Cross-border corporate insolvency made easy with SICC’s new rules – Law.asia

The Singapore International Commercial Court (SICC) has amended its rules to hear cross-border restructuring and insolvency matters, which took effect on 1 October, aiming to enhance the island country as an international debt restructuring hub. The key changes made by the Singapore International Commercial Court (Amendment No. 2) Rules 2022 are an amendment to Order…

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Almost 28,000 Brits in personal insolvency amid cost of living crisis – Yahoo Finance UK

Personal insolvency: There were 27,927 individual insolvencies in the quarter to September. Photo: Press Association Nearly 28,000 personal insolvencies were recorded in Britain over the last three months as inflationary pressures and the cost of living crisis took their toll. According to the Insolvency Service on Friday, there were 27,927 individual insolvencies in the quarter…

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