Despite the efforts of administrators to keep it afloat, a company that operated two Helloworld Travel agencies has been wound up. JMW Travel, which traded as Victorian travel agencies Helloworld Monbulk and Helloworld Bentleigh, as well as Nexus Business Travel, collapsed in February and appointed Mackay Goodwin to handle the voluntary administration process. At the…
DetailsLaw360 (June 10, 2021, 5:43 PM EDT) — Willkie Farr & Gallagher LLP announced it has hired an attorney from DLA Piper who has significant experience helping clients with investments and debt reorganizations and will be the first finance and restructuring partner based in the firm’s year-old Chicago office. Melainie Mansfield joined Willkie’s business reorganization…
DetailsArmed police officers patrol in Falmouth, England, June 10, 2021, ahead of the G7 summit in Cornwell. Debt relief for poor countries is only way for G7 leaders to succeed in their plans to promote global recovery from the COVID-19 pandemic and address the climate crisis, Caritas Internationalis said. (Credit: Phil Noble/Reuters via CNS.) ROME…
DetailsUS Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an international debt relief initiative aimed at poor countries. In April, G20 countries including the United States agreed to extend until December a moratorium on debt interest payments for the poorest nations, amid fears they will lag behind in…
DetailsThe world cannot recover from the health and economic crises of the COVID-19 pandemic and tackle climate change without debt relief for the world’s poorest countries, said the secretary-general of Caritas Internationalis. As the leaders of the world’s wealthiest nations prepared to meet for the G7 summit in Cornwall, England, Caritas insisted their agenda could…
DetailsChris Gash Add burdensome credit card debt to the list of woes the pandemic has made worse for older Americans. New surveys confirm what your letters have already told me: Many of you are struggling to make monthly payments while balances grow. And even those of you who aren’t struggling are carrying more of this…
DetailsEditorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. When youre struggling with overdue debt, you may wonder whether debt settlement is the right way to take care of it. It may be a workable option, depending on…
DetailsNEW DELHI : Jaypee Infratech’s financial creditors on Thursday decided to put the bids of NBCC and Suraksha group to vote after both parties submitted final offers for the debt-laden company. The winning bidder will acquire Jaypee Infratech Ltd (JIL), which went into insolvency nearly four years ago, as well as complete more than 20,000…
DetailsA battle over who is responsible for cleaning up hundreds of oil and gas rigs in the Gulf of Mexico is quietly playing out in a bankruptcy court in southern Texas. The contestants in this game of fossil fuel infrastructure hot potato: Fieldwood Energy, an offshore drilling company attempting to offload more than $7 billion…
DetailsIt spent $2.5 billion at its Melbourne casino on marketing, for example including loyalty programs, freebies on accommodation and hospitality, advertising, rebates and other measures and just $1.9 million on its responsible gaming program. For the tens of thousands of guests that visited Crown in its pre-COVID-19 pomp, just 12 responsible gambling officers roamed the…
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