CDL’s Sincere unit in China may undergo court-led restructuring – The Straits Times

Restructuring

BEIJING (BLOOMBERG) – Chongqing Sincere Yuanchuang Industrial, a cash-strapped Chinese developer owned by Singapore’s richest property family, may undergo a court-led restructuring after a bankruptcy application was filed against it, according to sources familiar with the matter. Sincere Property Holdings, the second-largest shareholder of Chongqing Sincere, is preparing to work with stakeholders and creditors on…

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Letter: Barbados debt relief model is hard to extend to all poor states – Financial Times

Debt Help

Avinash Persaud makes a persuasive case for developing countries to follow Barbados in issuing sovereign debt with natural disaster clauses (Opinion, June 28). In the event of a natural disaster, the interest payments on such loans are immediately suspended and added to the principal at the end of the term. Essentially these clauses equip countries…

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Van Hollen, Cardin Urge Education Department to Expand Debt Relief for Student Loan Borrowers | US Senator Chris Van Hollen of Maryland – Senator Chris Van Hollen

Debt Help

July 07, 2021 U.S. Senators Chris Van Hollen and Ben Cardin (both D-Md.) joined Senator Patty Murray (D-Wash.), chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, and 20 of their Senate colleagues in urging Secretary of Education Miguel Cardona to expand student debt relief in the Departments upcoming higher education rulemaking. In…

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Struggling to pay off your credit card debt? Consolidating it could help you get rid of it faster – CNBC

Debt Help

This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. Credit card debt can be frustrating and feel impossible to pay off. Not to mention, it’s also expensive: The average credit card interest rate…

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Gambling adverts: should they stay or should they go? – The BMJ

Gambling

Henrietta Bowden-Jones, founder and director1, Adrian Crossley, head2 1National Centre for Behavioural Addictions, CNWL NHS Trust, London. 2Addiction and Criminal Justice Policy Unit, Centre for Social Justice, London, UK Correspondence to: H Bowden-Jones [email protected] The case for reform grows stronger A YouGov poll published in June 2021 of 12247 adults and 2513 children suggested that…

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MACCO Restructuring Group Managing Director, Adam K. Joseph, Assumes Role as President, Nevada Chapter, of the Turnaround Management Association – Business Wire

Restructuring

HOUSTON–(BUSINESS WIRE)–Adam K. Joseph, Managing Director of MACCO Restructuring Groups Las Vegas, Nevada office (MACCO) has become the President of the Nevada Chapter of the Turnaround Management Association (TMA). The TMA is a professionally diverse organization with almost 10,000 members worldwide in 54 Chapters whose focus is corporate restructuring, renewal, and corporate health. The Nevada…

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China refutes West’s ‘debt trap’ claim, vows to continue to help Africa – Global Times

Debt Help

SOURCE/ECONOMY China refutes Wests debt trap claim, vows to continue to help Africa By Global Times Published: Jul 07, 2021 06:43 PM China’s Foreign Ministry spokesperson Wang Wenbin. Photo: VCG China will continue to work with African countries and the international community to implement the Initiative on Partnership for Africa’s Development and continue efforts to…

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NCLAT closes insolvency proceedings against Oyo and its subsidiary – Business Standard

Bankruptcy

NCLAT has closed proceedings for insolvency of Oyo’s subsidiary Oyo Hotels and Homes Private Limited and allowed Oyo’s plea for setting aside the Insolvency and Bankruptcy Code case against OHHPL. TopicsNCLAT|Oyo|OYO Hotels & Homes Neha Alawadhi | New Delhi Last Updated at July 7, 2021 15:44 IST The National Company Law Appellate Tribunal (NCLAT) on…

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