The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group has addressed a debt of about Rs43,000 crore and is confident of addressing an additional debt of Rs14,400 crore, taking its total debt recovery to Rs58,000 crore by March next year. In a presentation, IL&FS says, “Significant portion worth Rs50,000 crore of estimated recovery would be…
DetailsSome students who are affectedby Laurentian University’srecent restructuring are hoping they’ll qualify forsome financial helpfrom the provincial government, while others are disappointed to find out they aren’t eligible. The school declared itself insolvent on Feb. 1, and cut dozens of programs and hundreds of jobs under creditor protection to begin its plan to return to…
DetailsThe Administrative Appeals Tribunal (AAT) has overturned the Australian Taxation Offices (ATO) decision to pursue $106,576 in tax debts from the former owners of a family freight and transport business. Garry and Glenda Smith, a married couple in their 70s, operated a small interstate transport and freight business in Benalla, Victoria prior to their retirement.…
Detailsimage copyrightPA Mediaimage captionKwasi Kwarteng is keen to reassure businesses The government has told business leaders it will take a “cautious approach” to firms that owe it money in the wake of the coronavirus pandemic. The message came in a letter from Business Secretary Kwasi Kwarteng to the Institute of Directors and R3, which represents…
DetailsMohegan Sun has withdrawn a lawsuit against an National Hockey League team owner it claimedfailed to pay a $900,000 gambling debt. The withdrawal, filed Friday in New London Superior Court, provides no information about the terms of any settlement the casino may have reached with Eugene Melnyk, the Canadian billionaire who owns the Ottawa Senators.…
DetailsAn argument over a gambling debt sparked the fatal Fourth of July stabbing of a father of three in Brooklyn, police said Monday after arresting a suspect. Sean Peterson was nabbed Sunday and charged in the killing of Anthony Berry, 45, who was knifed outside his apartment building in the Flatbush Gardens apartment complex on…
DetailsThe Small Business and Family Ombudsman Bruce Billson has come out in support of moves by the banking sector to help SME clients to survive the latest New South Wales lockdown. New South Wales announced a record number of new coronavirus cases for this wave of the pandemic, with over 100 in the Greater Sydney…
DetailsSenate Majority LeaderCharles SchumerChuck SchumerPride Month concludes without Equality Act vote in Senate Republicans should hit the reset button on Biden infrastructure deal The world is no longer fit for Sept. 11 war authorizations MORE (D-N.Y.) on Sunday called for the National Rifle Association (NRA) to be investigated for bankruptcy fraud by the Justice Department…
DetailsArmed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. TopicsBanks|Indian promoters|Supreme Court Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid…
DetailsDownload CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2017 July 266 2017 August 231 2017 September 237 2017 October 261 2017 November 251 2017 December 269 2018 January 273 2018 February…
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